Columbia Marsico Correlations

CMRCX Fund

USD 10.07 0.03 0.30%

The current 90-days correlation between Columbia Marsico Growth and Vanguard Institutional Short Term is -0.11 (i.e., Good diversification). The correlation of Columbia Marsico 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 Marsico Correlation With Market

Very weak diversification

The correlation between Columbia Marsico Growth and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Marsico Growth 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 Marsico Growth. 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 main economic indicators.

Moving together with Columbia Mutual Fund

0.74	SROIX	Calamos Antetokounmpo	Pair Corr
0.62	SROAX	Innealta Capital Sector	Pair Corr
0.75	SROCX	Calamos Antetokounmpo	Pair Corr
0.74	SRORX	Calamos Antetokounmpo	Pair Corr
0.79	CVLOX	Calamos Global Growth	Pair Corr
0.79	CVLCX	Calamos Global Growth	Pair Corr
0.66	CXGCX	Calamos Global Vertible	Pair Corr
0.78	CGCIX	Calamos Global Growth	Pair Corr
0.7	CGEOX	Calamos Global Equity	Pair Corr
0.7	CIGEX	Calamos Global Equity	Pair Corr
1.0	CMRAX	Columbia Large Cap	Pair Corr
1.0	CMRGX	Calamos Investment Trust	Pair Corr
0.77	CNWIX	Calamos Evolving World	Pair Corr
0.77	CNWGX	Calamos Evolving World	Pair Corr
0.77	CNWDX	Calamos Evolving World	Pair Corr

Related Correlations Analysis

	VISTX	ASCLX	OWSBX	LTXFX	TSDCX	RSDIX	ASTIX
VISTX		-0.16	0.95	0.71	-0.02	0.87	-0.1	VISTX
ASCLX	-0.16		-0.34	-0.32	0.79	-0.24	0.99	ASCLX
OWSBX	0.95	-0.34		0.8	-0.22	0.86	-0.28	OWSBX
LTXFX	0.71	-0.32	0.8		-0.21	0.75	-0.26	LTXFX
TSDCX	-0.02	0.79	-0.22	-0.21		0.08	0.81	TSDCX
RSDIX	0.87	-0.24	0.86	0.75	0.08		-0.18	RSDIX
ASTIX	-0.1	0.99	-0.28	-0.26	0.81	-0.18		ASTIX
	VISTX	ASCLX	OWSBX	LTXFX	TSDCX	RSDIX	ASTIX

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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

ASTIX	+ 0.99	ASCLX
OWSBX	+ 0.95	VISTX
RSDIX	+ 0.87	VISTX
RSDIX	+ 0.86	OWSBX
ASTIX	+ 0.81	TSDCX
LTXFX	+ 0.8	OWSBX

High negative correlations

OWSBX	- 0.34	ASCLX
LTXFX	- 0.32	ASCLX
ASTIX	- 0.28	OWSBX
ASTIX	- 0.26	LTXFX
RSDIX	- 0.24	ASCLX
TSDCX	- 0.22	OWSBX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Marsico 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 Marsico'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
VISTX	0.08	0.00	(1.01)	0.22	0.06	(0.10)	0.15	(0.15)	0.53
ASCLX	0.37	0.00	(0.09)	0.13	0.35	(0.41)	0.77	(0.93)	2.91
OWSBX	0.09	0.00	(0.99)	0.05	0.00	(0.12)	0.20	(0.10)	0.49
LTXFX	0.09	0.01	(0.52)	0.00	0.11	(0.13)	0.20	(0.19)	0.78
TSDCX	0.06	0.01	(1.02)	(0.63)	0.00	(0.16)	0.11	(0.11)	0.55
RSDIX	0.08	0.01	(0.90)	(0.03)	0.00	(0.16)	0.21	(0.10)	0.72
ASTIX	0.27	0.01	(0.15)	0.15	0.22	(0.31)	0.57	(0.64)	1.79

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