Columbia Adaptive Correlations

CRAAX Fund

USD 11.20 0.02 0.18%

The current 90-days correlation between Columbia Adaptive Risk and Columbia High Yield is 0.05 (i.e., Significant diversification). The correlation of Columbia Adaptive 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 Adaptive Correlation With Market

Very poor diversification

The correlation between Columbia Adaptive Risk and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Adaptive Risk 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 Adaptive Risk. 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 nation.

Moving together with Columbia Mutual Fund

0.89	SRIJX	Columbia Corporate Income	Pair Corr
0.89	CUSOX	Columbia Ultra Short	Pair Corr
0.88	CDOAX	Columbia Dividend	Pair Corr
0.94	SSCVX	Columbia Select Smaller	Pair Corr
0.94	LHIAX	Columbia High Yield	Pair Corr
0.84	CEVAX	Columbia Global Value	Pair Corr
0.94	IMNTX	Columbia Minnesota Tax	Pair Corr
0.74	IMRFX	Columbia Global Oppo	Pair Corr
0.95	CFIGX	Columbia Flexible Capital	Pair Corr
0.95	CFIAX	Columbia Flexible Capital	Pair Corr
0.61	LIACX	Columbia Acorn	Pair Corr
0.67	SCICX	Columbia Seligman	Pair Corr
0.91	PHIKX	Columbia Convertible	Pair Corr
0.8	LIBAX	Columbia Total Return	Pair Corr
0.84	INDZX	Columbia Diversified	Pair Corr
0.86	INEAX	Columbia High Yield	Pair Corr
0.9	LIIAX	Columbia Porate Income	Pair Corr
0.92	INTAX	Columbia Strategic	Pair Corr
0.95	LITAX	Columbia Amt Free	Pair Corr
0.96	LITCX	Columbia Amt Free	Pair Corr
0.88	INUTX	Columbia Dividend	Pair Corr
0.9	GFSDX	Columbia Dividend Income	Pair Corr
0.68	CGOAX	Columbia Small Cap	Pair Corr
0.96	NACMX	Columbia Amt Free	Pair Corr
0.89	PISDX	Columbia Pyrford Int	Pair Corr
0.89	PISLX	Columbia Pyrford Int	Pair Corr
0.89	PISOX	Columbia Pyrford Int	Pair Corr
0.89	PISJX	Columbia Pyrford Int	Pair Corr
0.89	PISQX	Columbia Pyrford Int	Pair Corr
0.82	SVLCX	Columbia Select Large	Pair Corr
0.96	UMEBX	Columbia Emerging Markets	Pair Corr

Moving against Columbia Mutual Fund

0.65	ILGGX	Columbia Integrated Large	Pair Corr
0.4	ILVFX	Columbia Integrated Large	Pair Corr

Related Correlations Analysis

	SRIJX	CUSOX	CDOAX	ILGCX	ILGGX	ILGJX	SSCVX	ILVBX	ILVFX	LHIAX
SRIJX		0.81	0.76	0.19	-0.72	0.19	0.89	-0.04	-0.21	0.89	SRIJX
CUSOX	0.81		0.92	0.51	-0.65	0.5	0.9	-0.31	-0.52	0.93	CUSOX
CDOAX	0.76	0.92		0.68	-0.64	0.68	0.91	-0.38	-0.7	0.88	CDOAX
ILGCX	0.19	0.51	0.68		-0.03	1.0	0.38	-0.56	-0.99	0.4	ILGCX
ILGGX	-0.72	-0.65	-0.64	-0.03		-0.02	-0.77	-0.05	0.12	-0.75	ILGGX
ILGJX	0.19	0.5	0.68	1.0	-0.02		0.37	-0.56	-0.99	0.4	ILGJX
SSCVX	0.89	0.9	0.91	0.38	-0.77	0.37		-0.21	-0.4	0.91	SSCVX
ILVBX	-0.04	-0.31	-0.38	-0.56	-0.05	-0.56	-0.21		0.54	-0.17	ILVBX
ILVFX	-0.21	-0.52	-0.7	-0.99	0.12	-0.99	-0.4	0.54		-0.43	ILVFX
LHIAX	0.89	0.93	0.88	0.4	-0.75	0.4	0.91	-0.17	-0.43		LHIAX
	SRIJX	CUSOX	CDOAX	ILGCX	ILGGX	ILGJX	SSCVX	ILVBX	ILVFX	LHIAX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ILGJX	+ 1.0	ILGCX
LHIAX	+ 0.93	CUSOX
CDOAX	+ 0.92	CUSOX
SSCVX	+ 0.91	CDOAX
LHIAX	+ 0.91	SSCVX
SSCVX	+ 0.9	CUSOX

High negative correlations

ILVFX	- 0.99	ILGJX
ILVFX	- 0.99	ILGCX
SSCVX	- 0.77	ILGGX
LHIAX	- 0.75	ILGGX
ILGGX	- 0.72	SRIJX
ILVFX	- 0.7	CDOAX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Adaptive 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 Adaptive'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
SRIJX	0.14	0.01	(0.29)	0.41	0.00	(0.18)	0.33	(0.22)	0.76
CUSOX	0.04	0.01	0.00	(0.38)	0.00	0.00	0.11	0.00	0.54
CDOAX	0.58	0.19	0.28	0.30	0.00	(0.72)	1.32	(0.95)	7.59
ILGCX	2.01	0.73	0.77	0.39	0.00	(2.46)	1.44	(1.83)	65.28
ILGGX	0.73	(0.08)	0.00	(0.02)	0.00	0.00	1.23	(1.87)	4.94
ILGJX	1.91	0.69	0.73	0.38	0.00	(2.35)	1.43	(1.86)	61.44
SSCVX	0.73	0.15	0.18	0.23	0.55	(0.87)	1.84	(1.45)	4.59
ILVBX	3.30	0.39	0.04	0.17	9.16	(3.33)	1.16	(0.87)	107.68
ILVFX	1.11	(0.35)	0.00	4.15	0.00	0.00	1.16	(0.97)	33.37
LHIAX	0.10	0.02	(0.24)	1.27	0.00	(0.17)	0.22	(0.22)	0.88

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