Columbia Income Correlations

CNMRX Fund

USD 11.84 0.00 0.00%

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

Significant diversification

The correlation between Columbia Income Builder and DJI is 0.05 (i.e., Significant 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Columbia Income Builder. 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 metropolitan statistical area.

Moving together with Columbia Mutual Fund

0.68	SRINX	Columbia Porate Income	Pair Corr
0.74	CUVRX	Columbia Government	Pair Corr
0.88	CDLRX	Columbia Limited Duration	Pair Corr
0.81	CEBYX	Columbia Emerging Markets	Pair Corr
0.92	CEBSX	Columbia Emerging Markets	Pair Corr
0.81	CEBRX	Columbia Emerging Markets	Pair Corr
0.74	RPCCX	Columbia Capital All	Pair Corr

Moving against Columbia Mutual Fund

0.44	CDAZX	Multi-manager Directional	Pair Corr
0.36	CUSBX	Columbia Ultra Short	Pair Corr
0.31	SSVIX	Columbia Select Smaller	Pair Corr
0.45	CFRZX	Columbia Floating Rate	Pair Corr
0.45	CFRYX	Columbia Floating Rate	Pair Corr
0.43	CLM	Cornerstone Strategic	Pair Corr
0.42	CFLRX	Columbia Floating Rate	Pair Corr

Related Correlations Analysis

	DOXGX	FIOOX	ALCEX	AMFFX	DALVX	SBQAX	DLCIX
DOXGX		0.98	0.98	0.87	0.98	0.96	0.98	DOXGX
FIOOX	0.98		0.99	0.91	0.99	0.96	0.97	FIOOX
ALCEX	0.98	0.99		0.87	0.98	0.98	0.98	ALCEX
AMFFX	0.87	0.91	0.87		0.93	0.82	0.91	AMFFX
DALVX	0.98	0.99	0.98	0.93		0.96	0.98	DALVX
SBQAX	0.96	0.96	0.98	0.82	0.96		0.96	SBQAX
DLCIX	0.98	0.97	0.98	0.91	0.98	0.96		DLCIX
	DOXGX	FIOOX	ALCEX	AMFFX	DALVX	SBQAX	DLCIX

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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
DOXGX	0.52	(0.02)	(0.06)	0.11	0.44	(0.58)	0.94	(0.93)	4.22
FIOOX	0.52	0.01	(0.03)	0.13	0.34	(0.62)	1.06	(0.84)	3.54
ALCEX	0.61	0.02	0.03	0.15	0.44	(0.74)	1.28	(0.84)	4.70
AMFFX	0.46	(0.02)	(0.12)	0.10	0.43	(0.52)	0.90	(0.86)	2.68
DALVX	0.48	0.00	(0.04)	0.13	0.33	(0.55)	1.08	(0.78)	3.25
SBQAX	0.64	0.03	0.03	0.16	0.62	(0.78)	1.41	(1.11)	4.87
DLCIX	0.55	0.00	(0.01)	0.13	0.66	(0.60)	1.23	(1.27)	4.24

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