Columbia Capital Correlations

CLIRX Fund

USD 10.26 0.05 0.49%

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

Poor diversification

The correlation between Columbia Capital Allocation and DJI is 0.61 (i.e., Poor 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

0.67	SRINX	Columbia Porate Income	Pair Corr
0.65	CDLRX	Columbia Limited Duration	Pair Corr
0.9	AMTCX	Columbia Capital All	Pair Corr
0.86	CEBYX	Columbia Emerging Markets	Pair Corr
0.86	CEBRX	Columbia Emerging Markets	Pair Corr
0.69	CEPRX	Columbia Income Oppo	Pair Corr
0.84	RPCCX	Columbia Capital All	Pair Corr

Related Correlations Analysis

	PCUXX	APDOX	MDVSX	TEOJX	TEDMX	FUOKX
PCUXX		0.0	0.0	0.0	0.0	0.0	PCUXX
APDOX	0.0		-0.79	0.42	0.52	-0.18	APDOX
MDVSX	0.0	-0.79		-0.64	-0.72	-0.13	MDVSX
TEOJX	0.0	0.42	-0.64		0.97	0.62	TEOJX
TEDMX	0.0	0.52	-0.72	0.97		0.58	TEDMX
FUOKX	0.0	-0.18	-0.13	0.62	0.58		FUOKX
	PCUXX	APDOX	MDVSX	TEOJX	TEDMX	FUOKX

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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

TEDMX	+ 0.97	TEOJX
FUOKX	+ 0.62	TEOJX
FUOKX	+ 0.58	TEDMX
TEDMX	+ 0.52	APDOX
TEOJX	+ 0.42	APDOX
APDOX	+ 0.0	PCUXX

High negative correlations

MDVSX	- 0.79	APDOX
TEDMX	- 0.72	MDVSX
TEOJX	- 0.64	MDVSX
FUOKX	- 0.18	APDOX
FUOKX	- 0.13	MDVSX
FUOKX	- 0.0	PCUXX

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
PCUXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APDOX	0.15	0.01	(0.47)	0.21	0.08	(0.21)	0.39	(0.20)	1.45
MDVSX	0.94	(0.35)	0.00	(0.18)	0.00	0.00	1.16	(1.03)	22.64
TEOJX	0.65	(0.05)	(0.14)	(0.03)	0.84	(0.71)	1.76	(1.83)	4.91
TEDMX	0.83	(0.05)	(0.12)	0.01	0.97	(1.03)	1.84	(2.00)	6.20
FUOKX	0.69	(0.13)	0.00	(0.08)	0.00	0.00	1.20	(1.67)	4.32

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