Columbia Large Correlations

CFCIX Fund

USD 12.13 0.04 0.33%

The current 90-days correlation between Columbia Large Cap and Us Government Securities is 0.02 (i.e., Significant diversification). The correlation of Columbia Large 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 Large Correlation With Market

Weak diversification

The correlation between Columbia Large Cap and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Large Cap 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 Large Cap. 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 gross domestic product.

Moving together with Columbia Mutual Fund

0.64	CDDYX	Columbia Dividend Income	Pair Corr
0.64	CDDRX	Columbia Dividend Income	Pair Corr
0.73	CDEYX	Columbia Diversified	Pair Corr
0.65	CDIRX	Columbia Dividend Income	Pair Corr
0.73	CDVZX	Columbia Diversified	Pair Corr
0.71	CVQZX	Columbia Disciplined	Pair Corr
0.63	CFCYX	Columbia Flexible Capital	Pair Corr
0.63	CLM	Cornerstone Strategic	Pair Corr
0.63	CFXRX	Columbia Flexible Capital	Pair Corr
0.64	CGEZX	Columbia Select Global	Pair Corr

Related Correlations Analysis

	RGVAX	FMUUX	SNCAX	BBINX	PRFHX	ABIMX	GANPX
RGVAX		0.9	0.83	0.88	0.79	0.74	0.9	RGVAX
FMUUX	0.9		0.8	0.88	0.8	0.71	0.98	FMUUX
SNCAX	0.83	0.8		0.98	0.98	0.95	0.89	SNCAX
BBINX	0.88	0.88	0.98		0.98	0.95	0.94	BBINX
PRFHX	0.79	0.8	0.98	0.98		0.97	0.89	PRFHX
ABIMX	0.74	0.71	0.95	0.95	0.97		0.81	ABIMX
GANPX	0.9	0.98	0.89	0.94	0.89	0.81		GANPX
	RGVAX	FMUUX	SNCAX	BBINX	PRFHX	ABIMX	GANPX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Large 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 Large'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
RGVAX	0.25	0.03	0.27	0.65	0.22	(0.31)	0.60	(0.43)	1.56
FMUUX	0.03	0.00	0.00	(0.26)	0.00	0.00	0.10	0.00	0.40
SNCAX	0.12	(0.01)	0.27	(0.26)	0.16	(0.15)	0.29	(0.29)	0.73
BBINX	0.13	(0.01)	0.24	(0.26)	0.17	(0.18)	0.29	(0.30)	0.78
PRFHX	0.18	(0.01)	0.00	(0.35)	0.00	0.00	0.37	(0.54)	1.27
ABIMX	0.23	(0.01)	0.00	(0.38)	0.00	0.00	0.51	(0.51)	1.44
GANPX	0.06	0.00	0.42	0.03	0.00	(0.12)	0.10	(0.10)	0.48

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Columbia Large Correlations

Columbia Large Correlation With Market

Weak diversification

Moving together with Columbia Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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