Columbia Flexible Correlations
| CFIGX Fund | USD 14.21 0.06 0.42% |
The current 90-days correlation between Columbia Flexible Capital and Tiaa Cref Real Estate is 0.71 (i.e., Poor diversification). The correlation of Columbia Flexible 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 Flexible Correlation With Market
Very weak diversification
The correlation between Columbia Flexible Capital and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Flexible Capital and DJI in the same portfolio, assuming nothing else is changed.
Columbia |
Moving together with Columbia Mutual Fund
| 0.63 | LHIAX | Columbia High Yield | PairCorr |
| 0.62 | IMNTX | Columbia Minnesota Tax | PairCorr |
| 0.79 | IMRFX | Columbia Global Oppo | PairCorr |
| 1.0 | CFIAX | Columbia Flexible Capital | PairCorr |
| 0.81 | LIACX | Columbia Acorn | PairCorr |
| 0.8 | PHIKX | Columbia Convertible | PairCorr |
| 0.64 | LIBAX | Columbia Total Return | PairCorr |
| 0.62 | INDZX | Columbia Diversified | PairCorr |
| 0.63 | INEAX | Columbia High Yield | PairCorr |
| 0.67 | LIIAX | Columbia Porate Income | PairCorr |
| 0.63 | INTAX | Columbia Strategic | PairCorr |
| 0.68 | LITAX | Columbia Amt Free | PairCorr |
| 0.62 | INUTX | Columbia Dividend | PairCorr |
| 0.82 | CGOAX | Columbia Small Cap | PairCorr |
| 0.8 | SVLCX | Columbia Select Large | PairCorr |
| 0.83 | NSGAX | Columbia Select Large | PairCorr |
| 0.69 | NSMMX | Columbia Short Term | PairCorr |
| 0.66 | NBICX | Columbia Capital All | PairCorr |
| 0.67 | NBIAX | Columbia Capital All | PairCorr |
| 0.65 | NTIAX | Columbia Mid Cap | PairCorr |
| 0.92 | RBBAX | Columbia Income Builder | PairCorr |
| 0.91 | RBBCX | Columbia Income Builder | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Columbia Mutual Fund performing well and Columbia Flexible 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 Flexible'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TIRHX | 0.87 | (0.12) | 0.00 | (0.19) | 0.00 | 1.49 | 5.47 | |||
| RRRZX | 0.91 | (0.15) | 0.00 | (0.23) | 0.00 | 1.61 | 5.76 | |||
| IVRSX | 0.86 | (0.13) | 0.00 | (0.23) | 0.00 | 1.35 | 5.23 | |||
| NBRFX | 0.92 | (0.14) | 0.00 | (0.22) | 0.00 | 1.51 | 5.48 | |||
| FIKMX | 0.26 | (0.03) | 0.00 | (0.11) | 0.00 | 0.59 | 1.59 | |||
| REPIX | 1.41 | (0.22) | 0.00 | (0.20) | 0.00 | 2.49 | 8.45 | |||
| JYEBX | 0.84 | (0.12) | 0.00 | (0.18) | 0.00 | 1.41 | 5.47 | |||
| NRSCX | 0.24 | (0.04) | 0.00 | (0.52) | 0.00 | 0.43 | 3.00 |