Columbia Strategic Correlations

COSIX Fund

USD 22.02 0.02 0.09%

The current 90-days correlation between Columbia Strategic Income and The Hartford Dividend is 0.24 (i.e., Modest diversification). The correlation of Columbia Strategic 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 Strategic Correlation With Market

Poor diversification

The correlation between Columbia Strategic Income and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Strategic Income 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 Strategic Income. 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 gross domestic product.

Moving together with Columbia Mutual Fund

0.92	SRIJX	Columbia Corporate Income	Pair Corr
0.64	INDZX	Columbia Diversified	Pair Corr
0.62	AUGAX	Columbia Government	Pair Corr
0.64	EEMAX	Columbia Emerging Markets	Pair Corr
0.62	PACIX	Columbia Convertible	Pair Corr
0.63	IGLGX	Columbia Select Global	Pair Corr
0.73	CRAAX	Columbia Adaptive Risk	Pair Corr
0.84	CTFAX	Columbia Thermostat	Pair Corr
0.62	NMSAX	Columbia Small Cap	Pair Corr
0.79	PONAX	Pimco Income	Pair Corr
0.79	PONCX	Pimco Income	Pair Corr
0.78	PIPNX	Pimco Income	Pair Corr
0.77	PONRX	Pimco Income	Pair Corr
0.78	PONPX	Pimco Incme Fund	Pair Corr
0.78	PIINX	Pimco Income	Pair Corr
0.78	PIMIX	Pimco Income	Pair Corr
0.78	LBNDX	Lord Abbett Bond	Pair Corr
0.76	FSTAX	Fidelity Advisor Str	Pair Corr
0.78	FSRIX	Fidelity Advisor Str	Pair Corr
0.72	GAAKX	Gmo Alternative Allo	Pair Corr
0.73	GAAGX	Gmo Alternative Allo	Pair Corr
0.61	GPBFX	Gmo E Plus	Pair Corr
0.69	GPMFX	Guidepath Managed Futures	Pair Corr
0.63	PQTAX	Pimco Trends Managed	Pair Corr
0.65	PQTNX	Pimco Trends Managed	Pair Corr
0.65	PQTIX	Aa Pimco Tr	Pair Corr
0.66	CNGLX	Commonwealth Global	Pair Corr
0.71	RRTBX	Trowe Price Retirement	Pair Corr
0.68	CIESX	Calvert International	Pair Corr
0.72	PDAFX	Prudential Day One	Pair Corr
0.61	IPBJX	Wells Fargo Real	Pair Corr

Related Correlations Analysis

	BLPFX	CIVIX	TADGX	IGIFX	TRIGX	FAWTX	TWGIX	HDGCX
BLPFX		0.96	0.96	0.94	0.76	0.99	0.78	0.82	BLPFX
CIVIX	0.96		0.94	0.97	0.72	0.94	0.87	0.92	CIVIX
TADGX	0.96	0.94		0.89	0.67	0.94	0.79	0.87	TADGX
IGIFX	0.94	0.97	0.89		0.7	0.92	0.88	0.89	IGIFX
TRIGX	0.76	0.72	0.67	0.7		0.77	0.6	0.58	TRIGX
FAWTX	0.99	0.94	0.94	0.92	0.77		0.76	0.78	FAWTX
TWGIX	0.78	0.87	0.79	0.88	0.6	0.76		0.9	TWGIX
HDGCX	0.82	0.92	0.87	0.89	0.58	0.78	0.9		HDGCX
	BLPFX	CIVIX	TADGX	IGIFX	TRIGX	FAWTX	TWGIX	HDGCX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Strategic 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 Strategic'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
BLPFX	0.38	0.03	0.01	0.11	0.39	(0.43)	0.88	(0.73)	2.20
CIVIX	0.67	0.10	0.11	0.17	0.60	(0.77)	1.54	(1.08)	4.36
TADGX	0.48	0.01	(0.01)	0.06	0.55	(0.52)	0.92	(0.97)	3.17
IGIFX	0.60	0.23	0.38	0.40	0.00	(0.79)	1.27	(0.86)	7.31
TRIGX	0.56	0.21	0.22	1.50	0.33	(0.64)	1.44	(1.07)	2.89
FAWTX	0.52	0.03	0.02	0.09	0.65	(0.54)	1.07	(1.27)	3.08
TWGIX	1.04	0.25	0.19	0.75	0.81	(1.17)	1.72	(1.88)	22.70
HDGCX	0.75	0.21	0.34	0.21	0.19	(0.97)	1.20	(1.01)	16.31

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Columbia Strategic Correlations

Columbia Strategic Correlation With Market

Poor diversification

Moving together with Columbia Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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