Columbia Strategic Correlations

COSIX Fund

USD 21.92 0.04 0.18%

The current 90-days correlation between Columbia Strategic Income and Columbia Trarian Core is -0.07 (i.e., Good 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

Good diversification

The correlation between Columbia Strategic Income and DJI is -0.04 (i.e., Good 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

0.7	LHIAX	Columbia High Yield	Pair Corr
0.76	IMNTX	Columbia Minnesota Tax	Pair Corr
0.94	LIBAX	Columbia Total Return	Pair Corr
0.99	LIIAX	Columbia Porate Income	Pair Corr
0.82	NACMX	Columbia Amt Free	Pair Corr
0.82	PISLX	Columbia Pyrford Int	Pair Corr
0.82	PISOX	Columbia Pyrford Int	Pair Corr
0.88	RBBAX	Columbia Income Builder	Pair Corr
0.9	RBBCX	Columbia Income Builder	Pair Corr
0.94	ABDAX	Columbia Capital All	Pair Corr
0.93	AUGAX	Columbia Government	Pair Corr
0.94	AUGCX	Columbia Government	Pair Corr

Moving against Columbia Mutual Fund

0.65	ILVFX	Columbia Integrated Large	Pair Corr
0.65	ILVEX	Columbia Integrated Large	Pair Corr
0.63	ILGCX	Columbia Integrated Large	Pair Corr
0.63	ILGGX	Columbia Integrated Large	Pair Corr
0.63	ILGJX	Columbia Integrated Large	Pair Corr
0.61	SCICX	Columbia Seligman	Pair Corr
0.59	PHIKX	Columbia Convertible	Pair Corr
0.58	SSCVX	Columbia Select Smaller	Pair Corr
0.52	CUSOX	Columbia Ultra Short	Pair Corr
0.52	LIACX	Columbia Acorn	Pair Corr
0.4	CFIAX	Columbia Flexible Capital	Pair Corr
0.38	CFIGX	Columbia Flexible Capital	Pair Corr
0.65	AQEAX	Columbia Disciplined	Pair Corr
0.61	CGOAX	Columbia Small Cap	Pair Corr
0.61	SHGTX	Columbia Seligman Global	Pair Corr
0.59	NSGAX	Columbia Select Large	Pair Corr
0.57	NTIAX	Columbia Mid Cap	Pair Corr
0.51	INUTX	Columbia Dividend	Pair Corr
0.47	SVLCX	Columbia Select Large	Pair Corr
0.64	RFRAX	Columbia Floating Rate	Pair Corr
0.6	SHTCX	Columbia Seligman Global	Pair Corr
0.58	NFEAX	Columbia Large Cap	Pair Corr
0.57	RDLAX	Columbia Disciplined	Pair Corr
0.57	NEIAX	Columbia Large Cap	Pair Corr
0.44	CMUAX	Columbia Mid Cap	Pair Corr

Related Correlations Analysis

	LCCAX	GSMSX	EVBLX	CBLAX	INUTX
LCCAX		0.96	0.78	0.93	0.94	LCCAX
GSMSX	0.96		0.87	0.88	0.96	GSMSX
EVBLX	0.78	0.87		0.6	0.8	EVBLX
CBLAX	0.93	0.88	0.6		0.88	CBLAX
INUTX	0.94	0.96	0.8	0.88		INUTX
	LCCAX	GSMSX	EVBLX	CBLAX	INUTX

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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
LCCAX	0.53	(0.03)	(0.06)	0.09	0.70	(0.55)	1.10	(1.50)	3.80
GSMSX	0.61	0.04	0.05	0.16	0.38	(0.78)	1.33	(0.95)	3.89
EVBLX	0.07	0.02	0.00	1.97	0.00	0.00	0.12	(0.12)	0.82
CBLAX	0.34	(0.03)	(0.18)	0.06	0.42	(0.35)	0.75	(0.92)	2.33
INUTX	0.48	0.01	(0.07)	0.13	0.34	(0.62)	1.06	(0.90)	2.81

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