Columbia Income Correlations

CEPRX Fund

USD 8.83 0.02 0.23%

The current 90-days correlation between Columbia Income Oppo and Columbia Porate Income is 0.44 (i.e., Very weak diversification). The correlation of Columbia Income 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 Income Correlation With Market

Weak diversification

The correlation between Columbia Income Opportunities and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Income Opportunities 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 Income Opportunities. 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

0.67	CDLRX	Columbia Limited Duration	Pair Corr
0.67	AMTCX	Columbia Capital All	Pair Corr
0.72	CEBYX	Columbia Emerging Markets	Pair Corr
0.72	CEBSX	Columbia Emerging Markets	Pair Corr
0.71	CEBRX	Columbia Emerging Markets	Pair Corr

Related Correlations Analysis

	SRINX	CUSHX	CUSBX	CUTRX	CDAZX	CUURX	CUTYX	CUVRX	CDDYX	CDDRX
SRINX		-0.48	-0.48	0.95	-0.68	-0.54	0.95	0.94	-0.41	-0.4	SRINX
CUSHX	-0.48		1.0	-0.67	0.81	0.64	-0.67	-0.68	0.76	0.76	CUSHX
CUSBX	-0.48	1.0		-0.67	0.82	0.64	-0.67	-0.69	0.77	0.76	CUSBX
CUTRX	0.95	-0.67	-0.67		-0.84	-0.72	1.0	1.0	-0.65	-0.64	CUTRX
CDAZX	-0.68	0.81	0.82	-0.84		0.91	-0.84	-0.83	0.84	0.84	CDAZX
CUURX	-0.54	0.64	0.64	-0.72	0.91		-0.72	-0.7	0.89	0.88	CUURX
CUTYX	0.95	-0.67	-0.67	1.0	-0.84	-0.72		1.0	-0.64	-0.64	CUTYX
CUVRX	0.94	-0.68	-0.69	1.0	-0.83	-0.7	1.0		-0.63	-0.63	CUVRX
CDDYX	-0.41	0.76	0.77	-0.65	0.84	0.89	-0.64	-0.63		1.0	CDDYX
CDDRX	-0.4	0.76	0.76	-0.64	0.84	0.88	-0.64	-0.63	1.0		CDDRX
	SRINX	CUSHX	CUSBX	CUTRX	CDAZX	CUURX	CUTYX	CUVRX	CDDYX	CDDRX

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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

CUSBX	+ 1.0	CUSHX
CUTYX	+ 1.0	CUTRX
CUVRX	+ 1.0	CUTRX
CUVRX	+ 1.0	CUTYX
CDDRX	+ 1.0	CDDYX
CUTRX	+ 0.95	SRINX

High negative correlations

CUTYX	- 0.84	CDAZX
CDAZX	- 0.84	CUTRX
CUVRX	- 0.83	CDAZX
CUTYX	- 0.72	CUURX
CUURX	- 0.72	CUTRX
CUVRX	- 0.7	CUURX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Income 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 Income'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
SRINX	0.21	(0.02)	0.00	1.71	0.00	0.00	0.44	(0.54)	1.42
CUSHX	0.05	0.01	0.00	(1.82)	0.00	0.00	0.11	0.00	0.66
CUSBX	0.05	0.01	0.00	(3.20)	0.00	0.00	0.11	0.00	0.66
CUTRX	0.20	(0.03)	0.00	0.45	0.00	0.00	0.50	(0.60)	1.32
CDAZX	0.51	0.09	0.08	0.27	0.16	(0.68)	1.41	(0.81)	4.35
CUURX	0.91	0.01	0.06	0.13	0.74	(1.11)	2.21	(1.42)	6.21
CUTYX	0.21	(0.03)	0.00	0.47	0.00	0.00	0.40	(0.60)	1.30
CUVRX	0.31	(0.04)	0.00	0.61	0.00	0.00	0.66	(0.73)	2.13
CDDYX	0.46	0.00	(0.07)	0.12	0.32	(0.55)	0.92	(0.85)	2.91
CDDRX	0.46	0.00	(0.07)	0.11	0.33	(0.53)	0.95	(0.83)	2.92

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