Columbia Large Correlations

CLWFX Fund

USD 79.79 0.63 0.78%

The current 90-days correlation between Columbia Large Cap and Growth Fund Of is 0.94 (i.e., Almost no diversification). The correlation of Columbia Large 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 Large Correlation With Market

Poor diversification

The correlation between Columbia Large Cap and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Large Cap 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 Large Cap. 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 census.

Moving together with Columbia Mutual Fund

0.77	CUSHX	Columbia Ultra Short	Pair Corr
0.91	CDAZX	Multi Manager Direct	Pair Corr
0.89	CDEYX	Columbia Diversified	Pair Corr
0.93	CEARX	Columbia Acorn Steady Growth	Pair Corr
0.85	CVVRX	Columbia Small Cap	Pair Corr
0.88	SSVIX	Columbia Select Smaller	Pair Corr
1.0	GEGTX	Columbia Large Cap	Pair Corr
0.78	CFCIX	Columbia Large Cap	Pair Corr
0.89	CLM	Cornerstone Strategic	Pair Corr
0.86	CXXRX	Columbia Small Cap	Pair Corr
0.9	RSDFX	Columbia Dividend	Pair Corr
0.9	RSOOX	Columbia Dividend	Pair Corr
0.97	SGTRX	Columbia Seligman Global	Pair Corr
0.97	SGTTX	Columbia Seligman Global	Pair Corr
0.99	CLCRX	Columbia Select Large	Pair Corr
0.91	CLREX	Columbia Balanced	Pair Corr
0.99	CLXRX	Columbia Large Cap	Pair Corr
0.99	URLGX	Columbia Select Large	Pair Corr
0.93	CMTFX	Columbia Global Tech	Pair Corr
0.94	COCRX	Columbia Convertible	Pair Corr
0.99	COFYX	Columbia Trarian Core	Pair Corr
0.95	CRBRX	Columbia Acorn	Pair Corr
0.88	CSRYX	Columbia Select Large	Pair Corr

Moving against Columbia Mutual Fund

0.61	SRINX	Columbia Porate Income	Pair Corr
0.56	CILRX	Columbia Acorn Inter	Pair Corr
0.42	RPCCX	Columbia Capital All	Pair Corr
0.41	CGOLX	Columbia Global Dividend	Pair Corr
0.76	CTRZX	Active Portfolios Multi	Pair Corr
0.71	CMOYX	Columbia Mortgage	Pair Corr
0.62	CCIRX	Columbia Acorn Inter	Pair Corr
0.6	CRIYX	Columbia Porate Income	Pair Corr
0.53	CSIRX	Columbia Acorn Inter	Pair Corr
0.46	COCVX	Columbia Overseas Value	Pair Corr

Related Correlations Analysis

	GFAFX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX
GFAFX		-0.73	0.0	-0.23	0.73	0.67	0.02	-0.49	0.5	0.93	GFAFX
444859BR2	-0.73		0.0	0.22	-0.53	-0.54	-0.03	0.41	-0.41	-0.69	444859BR2
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.23	0.22	0.0		-0.45	-0.35	-0.4	-0.04	0.1	-0.32	BRRAY
MSTSX	0.73	-0.53	0.0	-0.45		0.67	0.34	-0.02	-0.08	0.75	MSTSX
LBHIX	0.67	-0.54	0.0	-0.35	0.67		0.51	-0.29	0.22	0.68	LBHIX
ABHYX	0.02	-0.03	0.0	-0.4	0.34	0.51		-0.05	-0.17	0.07	ABHYX
SCAXF	-0.49	0.41	0.0	-0.04	-0.02	-0.29	-0.05		-0.8	-0.43	SCAXF
VIASP	0.5	-0.41	0.0	0.1	-0.08	0.22	-0.17	-0.8		0.41	VIASP
AAEVX	0.93	-0.69	0.0	-0.32	0.75	0.68	0.07	-0.43	0.41		AAEVX
	GFAFX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX

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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

AAEVX	+ 0.93	GFAFX
AAEVX	+ 0.75	MSTSX
MSTSX	+ 0.73	GFAFX
AAEVX	+ 0.68	LBHIX
LBHIX	+ 0.67	GFAFX
LBHIX	+ 0.67	MSTSX

High negative correlations

VIASP	- 0.8	SCAXF
444859BR2	- 0.73	GFAFX
AAEVX	- 0.69	444859BR2
LBHIX	- 0.54	444859BR2
MSTSX	- 0.53	444859BR2
SCAXF	- 0.49	GFAFX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Large 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 Large'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
GFAFX	0.65	0.02	0.01	0.14	0.86	(0.66)	1.34	(1.64)	4.42
444859BR2	1.35	(0.09)	0.00	(0.14)	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.13)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
LBHIX	0.11	0.01	(0.42)	0.38	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.17	0.00	(0.24)	0.19	0.25	(0.24)	0.34	(0.33)	1.91
SCAXF	0.70	(0.41)	0.00	(0.98)	0.00	0.00	0.00	0.00	23.47
VIASP	0.74	0.07	(0.04)	(2.04)	1.13	(0.80)	2.28	(1.20)	7.18
AAEVX	0.48	0.05	(0.10)	(2.13)	0.54	(0.57)	0.93	(0.77)	2.76

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