Columbia Adaptive Correlations

CRACX Fund

USD 10.08 0.13 1.27%

The current 90-days correlation between Columbia Adaptive Risk and Payden Government Fund is 0.2 (i.e., Modest 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

Poor diversification

The correlation between Columbia Adaptive Risk and DJI is 0.79 (i.e., 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 unemployment.

Moving together with Columbia Mutual Fund

0.69	SRIJX	Columbia Corporate Income	Pair Corr
0.67	CUSOX	Columbia Ultra Short	Pair Corr
0.69	CDOAX	Columbia Dividend	Pair Corr
0.66	SSCVX	Columbia Select Smaller	Pair Corr
0.75	LHIAX	Columbia High Yield	Pair Corr
0.72	CEVAX	Columbia Global Value	Pair Corr
0.83	IMNTX	Columbia Minnesota Tax	Pair Corr
0.72	IMRFX	Columbia Global Oppo	Pair Corr
0.86	CFIGX	Columbia Flexible Capital	Pair Corr
0.83	CFIAX	Columbia Flexible Capital	Pair Corr
0.88	LIACX	Columbia Acorn	Pair Corr
0.64	SCICX	Columbia Seligman	Pair Corr
0.86	PHIKX	Columbia Vertible	Pair Corr
0.65	LIBAX	Columbia Total Return	Pair Corr
0.71	INDZX	Columbia Diversified	Pair Corr
0.82	INEAX	Columbia High Yield	Pair Corr
0.63	LIIAX	Columbia Porate Income	Pair Corr
0.65	INTAX	Columbia Strategic	Pair Corr
0.83	LITCX	Columbia Amt Free	Pair Corr
0.7	INUTX	Columbia Dividend	Pair Corr
0.72	GFSDX	Columbia Dividend Income	Pair Corr
0.8	CGOAX	Columbia Small Cap	Pair Corr
0.82	NACMX	Columbia Amt Free	Pair Corr
0.75	PISDX	Columbia Pyrford Int	Pair Corr
0.75	PISLX	Columbia Pyrford Int	Pair Corr
0.75	PISOX	Columbia Pyrford Int	Pair Corr
0.75	PISJX	Columbia Pyrford Int	Pair Corr
0.72	PISQX	Columbia Pyrford Int	Pair Corr
0.63	AQEAX	Columbia Disciplined	Pair Corr
0.67	SVLCX	Columbia Select Large	Pair Corr
0.86	UMEBX	Columbia Emerging Markets	Pair Corr
0.73	NSGAX	Columbia Select Large	Pair Corr
0.69	UMMDX	Columbia Bond	Pair Corr
0.79	NSMMX	Columbia Short Term	Pair Corr

Moving against Columbia Mutual Fund

0.5	ILVFX	Columbia Integrated Large	Pair Corr
0.39	ILVBX	Columbia Integrated Large	Pair Corr

Related Correlations Analysis

	PYUSX	TWARX	SSAGX	SIGVX	PBMXX	DPIGX	FCSCX
PYUSX		0.97	0.94	0.91	0.0	0.96	0.94	PYUSX
TWARX	0.97		0.94	0.91	0.0	0.94	0.96	TWARX
SSAGX	0.94	0.94		0.97	0.0	0.93	0.96	SSAGX
SIGVX	0.91	0.91	0.97		0.0	0.89	0.94	SIGVX
PBMXX	0.0	0.0	0.0	0.0		0.0	0.0	PBMXX
DPIGX	0.96	0.94	0.93	0.89	0.0		0.89	DPIGX
FCSCX	0.94	0.96	0.96	0.94	0.0	0.89		FCSCX
	PYUSX	TWARX	SSAGX	SIGVX	PBMXX	DPIGX	FCSCX

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

TWARX	+ 0.97	PYUSX
SIGVX	+ 0.97	SSAGX
DPIGX	+ 0.96	PYUSX
FCSCX	+ 0.96	TWARX
FCSCX	+ 0.96	SSAGX
SSAGX	+ 0.94	PYUSX

High negative correlations

FCSCX	- 0.0	PBMXX
DPIGX	- 0.0	PBMXX
PBMXX	- 0.0	SIGVX
PBMXX	- 0.0	SSAGX
PBMXX	- 0.0	TWARX
PBMXX	- 0.0	PYUSX

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
PYUSX	0.08	0.00	(0.52)	(0.02)	0.00	(0.15)	0.21	(0.11)	0.53
TWARX	0.04	0.00	(0.58)	(0.35)	0.00	(0.14)	0.11	(0.11)	0.33
SSAGX	0.05	0.01	(0.50)	1.92	0.00	(0.18)	0.10	(0.10)	0.51
SIGVX	0.06	0.01	(0.53)	1.96	0.00	(0.14)	0.10	(0.10)	0.51
PBMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DPIGX	0.08	0.00	(0.52)	(0.36)	0.03	(0.13)	0.21	(0.11)	0.52
FCSCX	0.05	0.01	(0.41)	(0.31)	0.00	(0.19)	0.13	(0.13)	0.53

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