Columbia Income Correlations
| CNMRXDelisted Fund | USD 11.84 0.00 0.00% |
The current 90-days correlation between Columbia Income Builder and Maryland Tax Free Bond is 0.1 (i.e., Average diversification). The correlation of Columbia Income 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 Income Correlation With Market
Good diversification
The correlation between Columbia Income Builder and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Income Builder and DJI in the same portfolio, assuming nothing else is changed.
Columbia |
Moving together with Columbia Mutual Fund
| 0.62 | GMCQX | Gmo Equity Allocation | PairCorr |
| 0.62 | BACAX | Blackrock All Cap | PairCorr |
| 0.63 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.71 | INTC | Intel Earnings Call This Week | PairCorr |
Moving against Columbia Mutual Fund
| 0.48 | ASDIX | Aamhimco Short Duration | PairCorr |
| 0.76 | BA | Boeing Earnings Call Next Week | PairCorr |
| 0.57 | IBM | International Business Earnings Call Next Week | PairCorr |
| 0.43 | MSFT | Microsoft Earnings Call This Week | PairCorr |
| 0.41 | WMT | Walmart | PairCorr |
Related Correlations Analysis
| 0.76 | 0.99 | 0.0 | 0.75 | 0.3 | TFBIX | ||
| 0.76 | 0.8 | 0.0 | 0.64 | 0.03 | TTRBX | ||
| 0.99 | 0.8 | 0.0 | 0.76 | 0.28 | NSIOX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | FMFXX | ||
| 0.75 | 0.64 | 0.76 | 0.0 | 0.68 | FHYTX | ||
| 0.3 | 0.03 | 0.28 | 0.0 | 0.68 | LCCMX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Columbia Mutual Fund performing well and Columbia Income 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 Income'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TFBIX | 0.20 | (0.02) | 0.00 | (0.29) | 0.00 | 0.40 | 1.59 | |||
| TTRBX | 0.16 | (0.02) | 0.00 | (0.44) | 0.00 | 0.41 | 1.01 | |||
| NSIOX | 0.19 | (0.02) | 0.00 | (0.29) | 0.00 | 0.41 | 1.61 | |||
| FMFXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FHYTX | 0.17 | 0.01 | (0.04) | 0.18 | 0.12 | 0.47 | 1.26 | |||
| LCCMX | 0.11 | 0.04 | 0.00 | 1.73 | 0.00 | 0.25 | 1.84 |
Columbia Income Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Columbia Income mutual fund to make a market-neutral strategy. Peer analysis of Columbia Income could also be used in its relative valuation, which is a method of valuing Columbia Income by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Columbia Income Builder?
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