Columbia Conservative Correlations

Mutual Funds . USA . 
Fund . Columbia Conservative 529
CNETX Fund  USD 21.60  0.01  0.05%   
The current 90-days correlation between Columbia Conservative 529 and Vanguard Total Bond is 0.61 (i.e., Poor 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 0.83 (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 population.

Moving together with Columbia Mutual Fund

  0.74VTSAX Vanguard Total StockPairCorr
  0.67VFIAX Vanguard 500 IndexPairCorr
  0.7VTSMX Vanguard Total StockPairCorr
  0.7VITSX Vanguard Total StockPairCorr
  0.7VSMPX Vanguard Total StockPairCorr
  0.74VSTSX Vanguard Total StockPairCorr
  0.93VTIAX Vanguard Total InterPairCorr
  0.67VFINX Vanguard 500 IndexPairCorr
  0.72VFFSX Vanguard 500 IndexPairCorr
  0.87VBTLX Vanguard Total BondPairCorr
  0.9NHS Neuberger Berman HighPairCorr
  0.9VVIAX Vanguard Value IndexPairCorr
  0.91STBKX Sierra Tactical BondPairCorr
  0.82MADVX Blackrock Equity DividendPairCorr
  0.9DEMSX Emerging Markets SmallPairCorr
  0.91OCMIX Oppenheimer ModeratePairCorr
  0.88DRLYX Dreyfus Global RealPairCorr
  0.76SVOAX Simt Managed VolatilityPairCorr
  0.76NOLCX Northern Large CapPairCorr
  0.87AVEDX Ave Maria RisingPairCorr
  0.89MKNJX Blackrock New JerseyPairCorr
  0.93FFBSX Fidelity Freedom BlendPairCorr
  0.85ASHCX Allianzgi Short DurationPairCorr
  0.87PHSPX Pimco High YieldPairCorr
  0.84RWIGX Capital World GrowthPairCorr
  0.87CGGFX American Funds GlobalPairCorr
  0.85SWGRX Schwab Target 2015PairCorr
  0.79TCMSX Tcm Small CapPairCorr
  0.87TLWIX Tiaa Cref LifecyclePairCorr
  0.87XCEEX Central EuropePairCorr
  0.72PHPIX Pharmaceuticals UltrasectorPairCorr
  0.8TMAIX Thrivent ModeratePairCorr
  0.8HSACX Hartford SchrodersPairCorr
  0.92VSSPX Voya Solution 2060PairCorr
  0.9FJSCX Fidelity Japan SmallerPairCorr
  0.76VDSYX Victory Diversified StockPairCorr
  0.87PRITX T Rowe PricePairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTSAX  0.57  0.09 (0.05)(0.55) 0.70 
(0.61)
 1.11 
(1.28)
 3.73 
VFIAX  0.53  0.00 (0.04) 0.11  0.61 
(0.57)
 0.99 
(1.16)
 3.61 
VTSMX  0.55  0.00 (0.03) 0.12  0.60 
(0.62)
 1.11 
(1.14)
 3.74 
VSTSX  0.57  0.09 (0.05)(0.55) 0.70 
(0.61)
 1.11 
(1.28)
 3.74 
VITSX  0.55  0.00 (0.03) 0.12  0.60 
(0.62)
 1.11 
(1.13)
 3.73 
VSMPX  0.55  0.00 (0.03) 0.12  0.61 
(0.62)
 1.11 
(1.14)
 3.73 
VTIAX  0.55  0.19  0.20  0.43  0.14 
(0.66)
 1.47 
(1.18)
 4.10 
VFINX  0.53  0.00 (0.04) 0.11  0.62 
(0.56)
 1.06 
(1.16)
 3.61 
VFFSX  0.55  0.08 (0.06)(0.47) 0.69 
(0.56)
 0.99 
(1.23)
 3.61 
VBTLX  0.14  0.01 (0.46) 0.21  0.00 
(0.18)
 0.31 
(0.31)
 0.62 

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