Columbia Limited Correlations

CDLRX Fund

USD 9.81 0.01 0.10%

The current 90-days correlation between Columbia Limited Duration and Artisan Emerging Markets is 0.1 (i.e., Average diversification). The correlation of Columbia Limited is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Columbia Limited Correlation With Market

Significant diversification

The correlation between Columbia Limited Duration and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Limited Duration and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Columbia Limited Duration. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Columbia Mutual Fund

0.9	SRINX	Columbia Porate Income	Pair Corr
0.76	CUTRX	Columbia Treasury Index	Pair Corr
0.76	CUTYX	Columbia Treasury Index	Pair Corr
0.75	CUVRX	Columbia Government	Pair Corr
0.89	CEBYX	Columbia Emerging Markets	Pair Corr
0.89	CEBSX	Columbia Emerging Markets	Pair Corr
0.89	CEBRX	Columbia Emerging Markets	Pair Corr
0.67	CEPRX	Columbia Income Oppo	Pair Corr
0.86	RPCCX	Columbia Capital All	Pair Corr

Moving against Columbia Mutual Fund

0.42	CDAZX	Multi Manager Direct	Pair Corr
0.33	CUURX	Columbia Small Cap	Pair Corr
0.37	SSVIX	Columbia Select Smaller	Pair Corr
0.33	CVVRX	Columbia Small Cap	Pair Corr
0.33	CECYX	Columbia Large Cap	Pair Corr
0.33	CECFX	Columbia Large Cap	Pair Corr
0.31	CVQZX	Columbia Disciplined	Pair Corr
0.45	CLM	Cornerstone Strategic	Pair Corr
0.36	SCIOX	Columbia Seligman	Pair Corr
0.36	SCIRX	Columbia Seligman	Pair Corr
0.36	SCMIX	Columbia Seligman	Pair Corr
0.33	GEGTX	Columbia Large Cap	Pair Corr

Related Correlations Analysis

	APDOX	PATFX	VGCAX	MGGYX	GMDFX	BBINX	RGHYX
APDOX		0.12	-0.14	0.16	0.88	-0.08	0.93	APDOX
PATFX	0.12		0.79	0.76	0.49	0.95	0.37	PATFX
VGCAX	-0.14	0.79		0.85	0.21	0.84	0.17	VGCAX
MGGYX	0.16	0.76	0.85		0.4	0.72	0.42	MGGYX
GMDFX	0.88	0.49	0.21	0.4		0.3	0.91	GMDFX
BBINX	-0.08	0.95	0.84	0.72	0.3		0.17	BBINX
RGHYX	0.93	0.37	0.17	0.42	0.91	0.17		RGHYX
	APDOX	PATFX	VGCAX	MGGYX	GMDFX	BBINX	RGHYX

Click cells to compare fundamentals

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BBINX	+ 0.95	PATFX
RGHYX	+ 0.93	APDOX
RGHYX	+ 0.91	GMDFX
GMDFX	+ 0.88	APDOX
MGGYX	+ 0.85	VGCAX
BBINX	+ 0.84	VGCAX

High negative correlations

VGCAX	- 0.14	APDOX
BBINX	- 0.08	APDOX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Limited Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Columbia Limited's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
APDOX	0.14	0.03	(0.54)	0.48	0.00	(0.21)	0.39	(0.19)	0.78
PATFX	0.15	0.01	(0.28)	0.02	0.23	(0.24)	0.44	(0.35)	1.69
VGCAX	0.17	0.00	(0.54)	0.45	0.20	(0.21)	0.37	(0.36)	0.98
MGGYX	0.20	0.00	(0.43)	0.10	0.20	(0.22)	0.34	(0.45)	0.91
GMDFX	0.20	0.02	(0.38)	0.44	0.12	(0.24)	0.39	(0.38)	1.55
BBINX	0.11	0.00	(0.44)	0.10	0.16	(0.18)	0.29	(0.29)	1.07
RGHYX	0.08	0.01	(0.66)	0.28	0.00	(0.13)	0.20	(0.20)	0.51

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