Columbia Capital Correlations

CGBRX Fund

USD 12.45 0.00 0.00%

The current 90-days correlation between Columbia Capital All and Angel Oak Ultrashort is -0.04 (i.e., Good diversification). The correlation of Columbia Capital 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 Capital Correlation With Market

Very good diversification

The correlation between Columbia Capital Allocation and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Capital Allocation 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 Capital Allocation. 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

0.64	CDOZX	Columbia Dividend	Pair Corr
0.64	CDOYX	Columbia Dividend	Pair Corr
0.84	CDORX	Columbia Dividend	Pair Corr
0.89	CVIRX	Columbia Dividend Income	Pair Corr
0.87	CEARX	Columbia Acorn	Pair Corr
0.78	CVVRX	Columbia Small Cap	Pair Corr
0.62	CECYX	Columbia Large Cap	Pair Corr
0.83	CECFX	Columbia Large Cap	Pair Corr
0.69	CEMHX	Columbia Emerging Markets	Pair Corr
0.66	GEGTX	Columbia Large Cap	Pair Corr
0.65	CFCYX	Columbia Flexible Capital	Pair Corr
0.87	CFCRX	Columbia Flexible Capital	Pair Corr
0.75	CFCIX	Columbia Large Cap	Pair Corr

Moving against Columbia Mutual Fund

0.57	CUTYX	Columbia Treasury Index	Pair Corr
0.53	CUTRX	Columbia Treasury Index	Pair Corr
0.45	SRINX	Columbia Porate Income	Pair Corr
0.41	CUVRX	Columbia Government	Pair Corr
0.56	LIBCX	Columbia Total Return	Pair Corr
0.33	RPCCX	Columbia Capital All	Pair Corr

Related Correlations Analysis

	AOUNX	QLENX	PRMDX	BXDCX	ASTIX
AOUNX		0.68	0.35	0.81	0.78	AOUNX
QLENX	0.68		0.08	0.42	0.89	QLENX
PRMDX	0.35	0.08		0.63	0.2	PRMDX
BXDCX	0.81	0.42	0.63		0.57	BXDCX
ASTIX	0.78	0.89	0.2	0.57		ASTIX
	AOUNX	QLENX	PRMDX	BXDCX	ASTIX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Capital 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 Capital'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
AOUNX	0.06	0.01	(0.94)	(0.70)	0.00	(0.20)	0.10	(0.10)	0.61
QLENX	0.33	0.10	(0.06)	(1.41)	0.20	(0.40)	0.76	(0.57)	2.17
PRMDX	0.06	0.00	(0.44)	(0.10)	0.00	(0.20)	0.20	(0.19)	0.59
BXDCX	0.09	0.01	(0.77)	4.27	0.00	(0.16)	0.22	(0.11)	0.65
ASTIX	0.27	0.06	(0.12)	2.13	0.22	(0.31)	0.57	(0.64)	1.79

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