Columbia New Correlations

CNYCX Fund

USD 26.84 0.08 0.30%

The current 90-days correlation between Columbia New York and Davis Financial Fund is -0.47 (i.e., Very good diversification). The correlation of Columbia New 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 New Correlation With Market

Average diversification

The correlation between Columbia New York and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia New York 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 New York. 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

0.76	SRINX	Columbia Porate Income	Pair Corr
0.68	CUTRX	Columbia Treasury Index	Pair Corr
0.68	CUTYX	Columbia Treasury Index	Pair Corr
0.71	CUVRX	Columbia Government	Pair Corr
0.73	CDLRX	Columbia Limited Duration	Pair Corr
0.7	CEBYX	Columbia Emerging Markets	Pair Corr
0.69	CEBSX	Columbia Emerging Markets	Pair Corr
0.7	CEBRX	Columbia Emerging Markets	Pair Corr
0.75	RPCCX	Columbia Capital All	Pair Corr

Moving against Columbia Mutual Fund

0.4	CDAZX	Multi-manager Directional	Pair Corr
0.4	CECFX	Columbia Large Cap	Pair Corr
0.36	CECYX	Columbia Large Cap	Pair Corr
0.32	CEARX	Columbia Acorn Steady Growth	Pair Corr
0.42	CFRZX	Columbia Floating Rate	Pair Corr
0.42	CFRYX	Columbia Floating Rate	Pair Corr
0.39	CFLRX	Columbia Floating Rate	Pair Corr
0.38	CLM	Cornerstone Strategic	Pair Corr
0.35	GEGTX	Columbia Large Cap	Pair Corr
0.33	SCIOX	Columbia Seligman	Pair Corr

Related Correlations Analysis

	DVFYX	SBFAX	BTO	FNPIX	MCBXX	XFINX	FIKBX
DVFYX		0.99	0.96	0.99	0.2	0.66	1.0	DVFYX
SBFAX	0.99		0.97	1.0	0.21	0.66	1.0	SBFAX
BTO	0.96	0.97		0.96	0.15	0.64	0.97	BTO
FNPIX	0.99	1.0	0.96		0.19	0.64	0.99	FNPIX
MCBXX	0.2	0.21	0.15	0.19		0.54	0.21	MCBXX
XFINX	0.66	0.66	0.64	0.64	0.54		0.68	XFINX
FIKBX	1.0	1.0	0.97	0.99	0.21	0.68		FIKBX
	DVFYX	SBFAX	BTO	FNPIX	MCBXX	XFINX	FIKBX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia New 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 New'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
DVFYX	0.80	0.23	0.10	(1.60)	0.52	(0.98)	1.85	(1.39)	7.57
SBFAX	0.80	0.24	0.13	(2.60)	0.51	(0.95)	1.72	(1.44)	8.60
BTO	0.90	0.10	0.15	0.20	0.72	(0.99)	1.88	(1.32)	9.88
FNPIX	1.08	0.32	0.14	(1.72)	0.87	(1.16)	2.09	(1.83)	11.72
MCBXX	0.03	0.01	0.00	(0.12)	0.00	0.00	0.00	0.00	1.01
XFINX	0.11	0.02	(0.28)	0.86	0.14	(0.13)	0.22	(0.14)	1.00
FIKBX	0.84	0.27	0.16	(2.16)	0.51	(1.03)	1.88	(1.15)	9.76

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC