Columbia Floating Correlations

CFRZX Fund

USD 32.74 0.03 0.09%

The current 90-days correlation between Columbia Floating Rate and Harbor Vertible Securities is 0.18 (i.e., Average diversification). The correlation of Columbia Floating 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 Floating Correlation With Market

Weak diversification

The correlation between Columbia Floating Rate and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Floating Rate 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 Floating Rate. 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 nation.

Moving together with Columbia Mutual Fund

0.7	CLM	Cornerstone Strategic	Pair Corr
0.96	CFRYX	Columbia Floating Rate	Pair Corr

Moving against Columbia Mutual Fund

0.49

CFCIX

Columbia Large Cap

Pair Corr

Related Correlations Analysis

	PHIKX	LBFFX	ARBOX	GCV	CONOX	VICIX	HRCSX
PHIKX		0.99	0.77	0.94	0.95	0.8	0.99	PHIKX
LBFFX	0.99		0.78	0.96	0.96	0.76	0.99	LBFFX
ARBOX	0.77	0.78		0.81	0.87	0.82	0.79	ARBOX
GCV	0.94	0.96	0.81		0.95	0.7	0.95	GCV
CONOX	0.95	0.96	0.87	0.95		0.8	0.96	CONOX
VICIX	0.8	0.76	0.82	0.7	0.8		0.81	VICIX
HRCSX	0.99	0.99	0.79	0.95	0.96	0.81		HRCSX
	PHIKX	LBFFX	ARBOX	GCV	CONOX	VICIX	HRCSX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Floating 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 Floating'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
PHIKX	0.79	0.01	(0.01)	0.10	0.92	(0.83)	1.69	(1.68)	3.77
LBFFX	0.83	0.04	0.01	0.14	0.95	(0.89)	1.97	(1.81)	4.09
ARBOX	0.11	0.07	(0.11)	(5.21)	0.00	(0.21)	0.17	(0.09)	3.52
GCV	0.74	0.07	0.02	0.23	0.80	(0.83)	2.13	(1.44)	4.09
CONOX	0.81	0.07	0.05	0.17	0.81	(0.90)	1.72	(1.58)	7.40
VICIX	0.30	0.01	(0.13)	0.10	0.29	(0.35)	0.66	(0.61)	1.54
HRCSX	0.79	0.02	0.00	0.12	0.89	(0.86)	1.79	(1.53)	3.78

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC