Columbia Capital Correlations
CPARX Fund | USD 13.07 0.13 1.00% |
The current 90-days correlation between Columbia Capital All and Mesirow Financial Small is 0.63 (i.e., Poor diversification). The correlation of Columbia Capital 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 Capital Correlation With Market
Very weak diversification
The correlation between Columbia Capital Allocation and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Capital Allocation and DJI in the same portfolio, assuming nothing else is changed.
Columbia |
Moving together with Columbia Mutual Fund
0.73 | SRINX | Columbia Porate Income | PairCorr |
0.65 | CUTRX | Columbia Treasury Index | PairCorr |
0.86 | CDAZX | Multi Manager Direct | PairCorr |
0.79 | CUURX | Columbia Small Cap | PairCorr |
0.65 | CUTYX | Columbia Treasury Index | PairCorr |
0.74 | CDDYX | Columbia Dividend Income | PairCorr |
0.74 | CDDRX | Columbia Dividend Income | PairCorr |
0.83 | CDEYX | Columbia Diversified | PairCorr |
0.75 | CDIRX | Columbia Dividend Income | PairCorr |
0.99 | AMTCX | Columbia Capital All | PairCorr |
0.74 | CDOZX | Columbia Dividend | PairCorr |
0.73 | CDOYX | Columbia Dividend | PairCorr |
0.69 | CVERX | Columbia Mid Cap | PairCorr |
0.78 | CDVZX | Columbia Diversified | PairCorr |
0.71 | CVQZX | Columbia Disciplined | PairCorr |
0.79 | CECYX | Columbia Large Cap | PairCorr |
0.66 | SSVIX | Columbia Select Smaller | PairCorr |
0.89 | CEVYX | Columbia Global Equity | PairCorr |
0.89 | CEVZX | Columbia Global Equity | PairCorr |
0.76 | RPCCX | Columbia Capital All | PairCorr |
0.76 | GEGTX | Columbia Large Cap | PairCorr |
0.66 | SCIRX | Columbia Seligman | PairCorr |
0.73 | LIBCX | Columbia Total Return | PairCorr |
0.67 | SCMIX | Columbia Seligman | PairCorr |
0.89 | CGEZX | Columbia Select Global | PairCorr |
Moving against Columbia Mutual Fund
0.35 | CUSBX | Columbia Ultra Short | PairCorr |
0.4 | CFRZX | Columbia Floating Rate | PairCorr |
0.4 | CFRYX | Columbia Floating Rate | PairCorr |
Related Correlations Analysis
0.91 | 0.13 | 0.77 | 0.51 | 0.8 | MSVIX | ||
0.91 | 0.39 | 0.87 | 0.69 | 0.9 | RMBKX | ||
0.13 | 0.39 | 0.56 | 0.86 | 0.54 | GCFSX | ||
0.77 | 0.87 | 0.56 | 0.71 | 0.83 | BTO | ||
0.51 | 0.69 | 0.86 | 0.71 | 0.8 | PGFMX | ||
0.8 | 0.9 | 0.54 | 0.83 | 0.8 | FIDSX | ||
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Risk-Adjusted Indicators
There is a big difference between Columbia Mutual Fund performing well and Columbia Capital 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 Capital'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
MSVIX | 0.84 | (0.16) | 0.00 | (0.23) | 0.00 | 1.40 | 12.59 | |||
RMBKX | 1.01 | (0.07) | 0.00 | (0.10) | 0.00 | 1.65 | 6.45 | |||
GCFSX | 0.60 | 0.06 | 0.10 | (0.97) | 0.78 | 1.08 | 3.58 | |||
BTO | 0.96 | (0.06) | 0.00 | (0.09) | 0.00 | 2.31 | 6.94 | |||
PGFMX | 0.33 | 0.01 | 0.07 | (0.21) | 0.46 | 0.78 | 2.76 | |||
FIDSX | 0.75 | (0.05) | 0.00 | (0.55) | 0.00 | 1.26 | 4.93 |