Columbia Conservative Correlations

CNETX Fund

USD 21.41 0.02 0.09%

The current 90-days correlation between Columbia Conservative 529 and Aqr Diversified Arbitrage is 0.21 (i.e., Modest diversification). The correlation of Columbia Conservative 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 Conservative Correlation With Market

Very poor diversification

The correlation between Columbia Conservative 529 and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Conservative 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 Conservative 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 poverty.

Moving together with Columbia Mutual Fund

0.9	VTSAX	Vanguard Total Stock	Pair Corr
0.83	VFIAX	Vanguard 500 Index	Pair Corr
0.84	VTSMX	Vanguard Total Stock	Pair Corr
0.84	VITSX	Vanguard Total Stock	Pair Corr
0.9	VSTSX	Vanguard Total Stock	Pair Corr
0.84	VSMPX	Vanguard Total Stock	Pair Corr
0.87	VTIAX	Vanguard Total Inter	Pair Corr
0.83	VFINX	Vanguard 500 Index	Pair Corr
0.89	VFFSX	Vanguard 500 Index	Pair Corr
0.72	VBTLX	Vanguard Total Bond	Pair Corr
0.77	NHS	Neuberger Berman High	Pair Corr
0.87	FSFRX	Nuveen Strategic Income	Pair Corr
0.87	PCGTX	Pace Mortgage Backed	Pair Corr
0.84	IENRX	Ivy Energy Fund	Pair Corr
0.85	NMVLX	Nuance Mid Cap	Pair Corr
0.84	AIBBX	Aristotle Funds Series	Pair Corr
0.76	CVLOX	Calamos Global Growth	Pair Corr
0.74	BAWAX	Brown Advisory Susta	Pair Corr
0.84	PODAX	Pacific Funds Portfolio	Pair Corr
0.89	FTYPX	Fidelity Freedom Index	Pair Corr
0.89	JQLCX	Multimanager Lifestyle	Pair Corr
0.93	MCNAX	Madison Conservative	Pair Corr
0.9	SSAYX	State Street Target	Pair Corr
0.84	BSHIX	Hawaii Municipal Bond	Pair Corr
0.88	CSVFX	Columbia Global Dividend	Pair Corr
0.89	FHHIX	Federated Hermes Sdg	Pair Corr
0.87	SPWIX	Simt Small Cap	Pair Corr
0.86	HSMVX	Hartford Small Cap	Pair Corr
0.85	FKICX	Fidelity Small Cap	Pair Corr
0.87	MIAWX	American Funds Multi	Pair Corr
0.82	DIAMX	Diamond Hill Long	Pair Corr
0.87	RLBEX	American Balanced	Pair Corr
0.88	TAAMX	Transamerica Asset	Pair Corr
0.89	RITAX	American High Income	Pair Corr
0.74	WFBFX	Capital World Bond	Pair Corr
0.89	FAJTX	American Funds 2055	Pair Corr
0.88	RMFGX	American Mutual	Pair Corr
0.82	DAMDX	Dunham Monthly Distr	Pair Corr
0.75	HRCAX	Harbor Capital Appre	Pair Corr

Related Correlations Analysis

	ODIDX	LIGFX	MDBFX	SCAAX	FPTPX	JDJRX	PDSYX	QDARX
ODIDX		0.95	0.81	0.94	0.95	0.16	0.88	0.9	ODIDX
LIGFX	0.95		0.89	0.86	0.96	0.28	0.87	0.88	LIGFX
MDBFX	0.81	0.89		0.68	0.89	0.49	0.8	0.82	MDBFX
SCAAX	0.94	0.86	0.68		0.85	0.03	0.74	0.78	SCAAX
FPTPX	0.95	0.96	0.89	0.85		0.38	0.88	0.93	FPTPX
JDJRX	0.16	0.28	0.49	0.03	0.38		0.31	0.49	JDJRX
PDSYX	0.88	0.87	0.8	0.74	0.88	0.31		0.89	PDSYX
QDARX	0.9	0.88	0.82	0.78	0.93	0.49	0.89		QDARX
	ODIDX	LIGFX	MDBFX	SCAAX	FPTPX	JDJRX	PDSYX	QDARX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Conservative 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 Conservative'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
ODIDX	0.05	0.01	(0.34)	0.47	0.00	(0.12)	0.11	(0.11)	0.33
LIGFX	0.23	0.01	(0.09)	0.08	0.23	(0.26)	0.53	(0.47)	1.45
MDBFX	0.12	0.00	(0.31)	(0.03)	0.08	(0.17)	0.24	(0.24)	0.72
SCAAX	0.39	0.09	0.12	0.36	0.00	(0.47)	0.71	(0.67)	7.57
FPTPX	0.27	0.06	0.07	0.24	0.00	(0.32)	0.59	(0.58)	2.76
JDJRX	0.38	0.00	(0.10)	0.76	0.41	(0.50)	0.94	(0.81)	2.24
PDSYX	0.14	0.04	(0.11)	(5.35)	0.00	(0.17)	0.36	(0.25)	0.91
QDARX	0.07	0.01	(0.29)	2.14	0.00	(0.12)	0.16	(0.16)	0.47

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Columbia Conservative Correlations

Columbia Conservative Correlation With Market

Very poor diversification

Moving together with Columbia Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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