Columbia Large Correlations

CFCIX Fund

USD 13.45 0.07 0.52%

The current 90-days correlation between Columbia Large Cap and T Rowe Price is -0.01 (i.e., Good 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

Significant diversification

The correlation between Columbia Large Cap and DJI is 0.08 (i.e., Significant 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 against Columbia Mutual Fund

0.45	CFRZX	Columbia Floating Rate	Pair Corr
0.45	CFRYX	Columbia Floating Rate	Pair Corr
0.39	CGTRX	Columbia Select Large	Pair Corr
0.34	CGFYX	Columbia Large Cap	Pair Corr
0.31	CGQYX	Columbia Disciplined	Pair Corr

Related Correlations Analysis

	MFTFX	RYMBX	ABNTX	DODEX	EMSLX	TMSRX
MFTFX		0.83	0.78	0.95	0.9	-0.01	MFTFX
RYMBX	0.83		0.8	0.93	0.7	-0.31	RYMBX
ABNTX	0.78	0.8		0.81	0.69	-0.4	ABNTX
DODEX	0.95	0.93	0.81		0.83	-0.1	DODEX
EMSLX	0.9	0.7	0.69	0.83		0.07	EMSLX
TMSRX	-0.01	-0.31	-0.4	-0.1	0.07		TMSRX
	MFTFX	RYMBX	ABNTX	DODEX	EMSLX	TMSRX

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

DODEX	+ 0.95	MFTFX
DODEX	+ 0.93	RYMBX
EMSLX	+ 0.9	MFTFX
RYMBX	+ 0.83	MFTFX
EMSLX	+ 0.83	DODEX
DODEX	+ 0.81	ABNTX

High negative correlations

TMSRX	- 0.4	ABNTX
TMSRX	- 0.31	RYMBX
TMSRX	- 0.1	DODEX
TMSRX	- 0.01	MFTFX

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
MFTFX	1.08	0.30	0.15	4.57	1.15	(1.17)	2.06	(2.15)	6.76
RYMBX	0.91	0.11	0.03	1.76	1.01	(1.07)	1.82	(1.59)	6.05
ABNTX	0.08	0.00	(0.64)	0.21	0.00	(0.11)	0.10	(0.10)	0.39
DODEX	0.55	0.16	0.17	0.39	0.25	(0.63)	1.48	(1.00)	3.26
EMSLX	1.01	0.44	0.37	0.99	0.39	(1.16)	2.05	(1.66)	19.48
TMSRX	0.12	(0.03)	0.00	(0.48)	0.00	0.00	0.23	(0.34)	2.16

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