Columbia Income Correlations

CIBYX Fund

USD 12.53 0.05 0.40%

The current 90-days correlation between Columbia Income Builder and Us Government Securities is 0.41 (i.e., Very weak diversification). The correlation of Columbia Income 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 Income Correlation With Market

Poor diversification

The correlation between Columbia Income Builder and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Income Builder 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 Income Builder. 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 producer price index.

Moving together with Columbia Mutual Fund

0.71	CDAZX	Multi Manager Direct	Pair Corr
0.97	CDDYX	Columbia Dividend Income	Pair Corr
0.93	CDDRX	Columbia Dividend Income	Pair Corr
0.94	CDEYX	Columbia Diversified	Pair Corr
0.9	AMTCX	Columbia Capital All	Pair Corr
0.96	CDOZX	Columbia Dividend	Pair Corr
0.96	CDOYX	Columbia Dividend	Pair Corr
0.92	CVERX	Columbia Mid Cap	Pair Corr
0.87	CECYX	Columbia Large Cap	Pair Corr
0.89	SSVIX	Columbia Select Smaller	Pair Corr
0.64	CEKYX	Columbia Emerging Markets	Pair Corr
0.64	CEKRX	Columbia Emerging Markets	Pair Corr
0.95	CEVZX	Columbia Global Equity	Pair Corr
0.89	RPCCX	Columbia Capital All	Pair Corr
0.87	CLM	Cornerstone Strategic Sell-off Trend	Pair Corr
0.82	SCIRX	Columbia Seligman	Pair Corr
0.81	SCMIX	Columbia Seligman	Pair Corr
0.95	CFXRX	Columbia Flexible Capital	Pair Corr
0.89	APECX	Columbia High Yield	Pair Corr
0.82	CGFYX	Columbia Large Cap	Pair Corr
0.91	CXXRX	Columbia Small Cap	Pair Corr
0.82	CGWRX	Columbia Large Cap	Pair Corr
0.92	NAMAX	Columbia Mid Cap	Pair Corr
0.76	NSGCX	Columbia Select Large	Pair Corr
0.84	NSEPX	Columbia Select Large	Pair Corr
0.9	CYYYX	Columbia Thermostat	Pair Corr
0.93	CZAMX	Active Portfolios Multi	Pair Corr
0.89	NBGPX	Columbia Capital All	Pair Corr
0.9	RSOOX	Columbia Dividend	Pair Corr
0.83	SGTRX	Columbia Seligman Global	Pair Corr
0.82	SGTTX	Columbia Seligman Global	Pair Corr
1.0	CKKRX	Columbia Income Builder	Pair Corr
0.84	RDCEX	Columbia Disciplined	Pair Corr

Related Correlations Analysis

	CGTFX	USGFX	UGSDX	DNCGX	WMBDX	FICMX
CGTFX		0.98	0.12	0.84	0.93	0.93	CGTFX
USGFX	0.98		0.25	0.82	0.93	0.94	USGFX
UGSDX	0.12	0.25		-0.07	0.11	0.15	UGSDX
DNCGX	0.84	0.82	-0.07		0.8	0.85	DNCGX
WMBDX	0.93	0.93	0.11	0.8		0.96	WMBDX
FICMX	0.93	0.94	0.15	0.85	0.96		FICMX
	CGTFX	USGFX	UGSDX	DNCGX	WMBDX	FICMX

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

USGFX	+ 0.98	CGTFX
FICMX	+ 0.96	WMBDX
FICMX	+ 0.94	USGFX
WMBDX	+ 0.93	CGTFX
FICMX	+ 0.93	CGTFX
WMBDX	+ 0.93	USGFX

High negative correlations

DNCGX

- 0.07

UGSDX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Income 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 Income'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
CGTFX	0.13	0.00	(0.43)	0.00	0.12	(0.16)	0.25	(0.25)	0.91
USGFX	0.13	0.00	(0.44)	0.01	0.12	(0.16)	0.33	(0.25)	0.91
UGSDX	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.52
DNCGX	0.13	0.00	(0.44)	(0.01)	0.11	(0.17)	0.24	(0.31)	0.63
WMBDX	0.16	0.01	(0.28)	0.87	0.14	(0.21)	0.38	(0.37)	1.13
FICMX	0.17	0.01	(0.30)	0.21	0.13	(0.22)	0.33	(0.33)	1.10

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