Columbia Growth Correlations

Mutual Funds . USA . 
Fund . Columbia Growth 529
CGSEX Fund  USD 62.92  0.35  0.55%   
The current 90-days correlation between Columbia Growth 529 and Vanguard Total Stock is 0.87 (i.e., Very poor diversification). The correlation of Columbia Growth 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 Growth Correlation With Market

Very weak diversification

The correlation between Columbia Growth 529 and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Growth 529 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 Growth 529. 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 income.

Moving together with Columbia Mutual Fund

  0.94VTSAX Vanguard Total StockPairCorr
  0.91VFIAX Vanguard 500 IndexPairCorr
  0.94VTSMX Vanguard Total StockPairCorr
  0.94VITSX Vanguard Total StockPairCorr
  0.94VSTSX Vanguard Total StockPairCorr
  0.94VSMPX Vanguard Total StockPairCorr
  0.91VFINX Vanguard 500 IndexPairCorr
  0.91VFFSX Vanguard 500 IndexPairCorr
  0.69FSCPX Consumer DiscretionaryPairCorr
  0.61FSMRX Franklin Small MidPairCorr
  0.63AORSX One Choice PortfolioPairCorr
  0.71NCFCX Nuveen Symphony CreditPairCorr
  0.64FISGX Nuveen Mid CapPairCorr
  0.87PDLTX Putnam RetirementPairCorr

Moving against Columbia Mutual Fund

  0.4PFHCX Pacific Funds SmallPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Growth 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 Growth'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTSAX  0.64  0.04  0.00  0.17  0.88 
(0.63)
 1.30 
(1.43)
 5.94 
VFIAX  0.62  0.03 (0.01) 0.16  0.86 
(0.59)
 1.23 
(1.46)
 5.48 
VTSMX  0.64  0.04  0.00  0.17  0.88 
(0.63)
 1.29 
(1.43)
 5.95 
VITSX  0.64  0.04  0.00  0.17  0.88 
(0.63)
 1.30 
(1.43)
 5.95 
VSTSX  0.64  0.04  0.00  0.17  0.88 
(0.63)
 1.29 
(1.43)
 5.94 
VSMPX  0.64  0.04  0.00  0.17  0.88 
(0.63)
 1.29 
(1.43)
 5.94 
VFINX  0.62  0.03 (0.01) 0.16  0.86 
(0.59)
 1.23 
(1.46)
 5.48 
VFFSX  0.62  0.03 (0.01) 0.16  0.86 
(0.59)
 1.23 
(1.46)
 5.47 
VGTSX  0.54 (0.04) 0.00 (0.05) 0.00 
 0.00 
 1.13 
(1.31)
 3.44 
VTIAX  0.54 (0.04) 0.00 (0.05) 0.00 
 0.00 
 1.12 
(1.32)
 3.47 

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