Columbia Disciplined Correlations

COLEX Fund

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The current 90-days correlation between Columbia Disciplined and Columbia Select Large Cap is 0.2 (i.e., Modest diversification). The correlation of Columbia Disciplined 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 Disciplined Correlation With Market

Average diversification

The correlation between Columbia Disciplined Value and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Disciplined Value 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 Disciplined Value. 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 income.

Moving together with Columbia Mutual Fund

0.79	CUSHX	Columbia Ultra Short	Pair Corr
0.79	CUSBX	Columbia Ultra Short	Pair Corr
0.87	CDAZX	Multi-manager Directional	Pair Corr
0.81	CUURX	Columbia Small Cap	Pair Corr
0.82	CDDYX	Columbia Dividend Income	Pair Corr
0.82	CDDRX	Columbia Dividend Income	Pair Corr
0.87	CDEYX	Columbia Diversified	Pair Corr
0.81	CDIRX	Columbia Dividend Income	Pair Corr
0.85	CDOZX	Columbia Dividend	Pair Corr
0.85	CDOYX	Columbia Dividend	Pair Corr
0.96	CDORX	Columbia Dividend	Pair Corr
0.8	CVERX	Columbia Mid Cap	Pair Corr
0.95	CVIRX	Columbia Dividend Income	Pair Corr
0.87	CDVZX	Columbia Diversified	Pair Corr
0.89	CVQZX	Columbia Disciplined	Pair Corr
0.95	CEARX	Columbia Acorn Steady Growth	Pair Corr
0.96	CVVRX	Columbia Small Cap Steady Growth	Pair Corr
0.86	CECYX	Columbia Large Cap	Pair Corr
0.97	CECFX	Columbia Large Cap	Pair Corr
0.82	SSVIX	Columbia Select Smaller	Pair Corr
0.78	CEVYX	Columbia Global Equity	Pair Corr
0.78	CEVZX	Columbia Global Equity	Pair Corr
0.82	GEGTX	Columbia Large Cap	Pair Corr
0.92	CFCRX	Columbia Flexible Capital	Pair Corr
0.76	CFCIX	Columbia Large Cap	Pair Corr
0.96	CFDRX	Columbia Mid Cap	Pair Corr

Moving against Columbia Mutual Fund

0.81	CUTRX	Columbia Treasury Index	Pair Corr
0.81	CUTYX	Columbia Treasury Index	Pair Corr
0.79	CUVRX	Columbia Government	Pair Corr
0.69	SRINX	Columbia Porate Income	Pair Corr
0.39	CDLRX	Columbia Limited Duration	Pair Corr
0.36	CEBYX	Columbia Emerging Markets	Pair Corr
0.36	CEBRX	Columbia Emerging Markets	Pair Corr
0.8	LIBCX	Columbia Total Return	Pair Corr
0.8	CGVRX	Columbia Government	Pair Corr
0.56	RPCCX	Columbia Capital All	Pair Corr
0.46	CGOLX	Columbia Global Dividend	Pair Corr

Related Correlations Analysis

	SLVIX	CSERX	FSTLX	CSXCX
SLVIX		0.82	0.95	0.93	SLVIX
CSERX	0.82		0.79	0.75	CSERX
FSTLX	0.95	0.79		0.98	FSTLX
CSXCX	0.93	0.75	0.98		CSXCX
	SLVIX	CSERX	FSTLX	CSXCX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Disciplined 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 Disciplined'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
SLVIX	0.53	(0.02)	(0.07)	0.11	0.46	(0.62)	1.06	(0.86)	3.37
CSERX	0.52	0.05	(0.11)	0.67	0.47	(0.64)	1.07	(0.87)	3.37
FSTLX	0.51	0.05	0.04	0.18	0.32	(0.61)	1.10	(0.89)	3.57
CSXCX	0.59	0.01	(0.01)	0.14	0.68	(0.67)	1.15	(1.35)	4.16

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