Columbia Short Correlations

CSDCX Fund

USD 12.48 0.01 0.08%

The current 90-days correlation between Columbia Short Term and Red Oak Technology is -0.09 (i.e., Good diversification). The correlation of Columbia Short 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 Short Correlation With Market

Modest diversification

The correlation between Columbia Short Term and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Short Term 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 Short Term. 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

0.7	VTSAX	Vanguard Total Stock	Pair Corr
0.7	VFIAX	Vanguard 500 Index	Pair Corr
0.67	VTSMX	Vanguard Total Stock	Pair Corr
0.7	VITSX	Vanguard Total Stock	Pair Corr
0.7	VSMPX	Vanguard Total Stock	Pair Corr
0.68	VSTSX	Vanguard Total Stock	Pair Corr
0.83	VTIAX	Vanguard Total Inter	Pair Corr
0.7	VFINX	Vanguard 500 Index	Pair Corr
0.7	VFFSX	Vanguard 500 Index	Pair Corr
0.85	CNYUX	Columbia Amt Free	Pair Corr
0.86	PAIQX	Pimco Short Asset	Pair Corr
0.9	COSOX	Columbia Overseas	Pair Corr
0.8	AMDVX	Mid Cap Value	Pair Corr
0.86	TLRIX	Tiaa Cref Lifecycle	Pair Corr
0.89	TRTZX	T Rowe Price	Pair Corr
0.84	CSGYX	Columbia Small Cap	Pair Corr
0.98	VSBSX	Vanguard Short Term	Pair Corr
0.91	LBWCX	Legg Mason Bw	Pair Corr
0.84	VSIAX	Vanguard Small Cap	Pair Corr
0.83	ECSMX	Eaton Vance Small	Pair Corr
0.88	RPBAX	T Rowe Price	Pair Corr
0.84	AIBAX	Intermediate Bond	Pair Corr
0.77	ITYYX	Invesco Technology	Pair Corr
0.81	NSGAX	Columbia Select Large	Pair Corr
0.74	ABEMX	Aberdeen Emerging Markts	Pair Corr
0.81	SUPAX	Deutsche Multi Asset	Pair Corr
0.75	AGVEX	American Funds Global	Pair Corr
0.86	GAPSX	Goldman Sachs Equity	Pair Corr
0.91	MNHAX	High Yield Bond	Pair Corr
0.85	AGGWX	Global Gold Fund Steady Growth	Pair Corr
0.91	HIBSX	Hartford Stock Hls	Pair Corr
0.87	FZEDSX	Fzedsx	Pair Corr

Related Correlations Analysis

	ROGSX	JGLTX	DTEYX	PTTEX	TEFQX
ROGSX		0.47	-0.01	0.68	0.47	ROGSX
JGLTX	0.47		0.38	0.31	0.69	JGLTX
DTEYX	-0.01	0.38		-0.51	0.02	DTEYX
PTTEX	0.68	0.31	-0.51		0.47	PTTEX
TEFQX	0.47	0.69	0.02	0.47		TEFQX
	ROGSX	JGLTX	DTEYX	PTTEX	TEFQX

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

TEFQX	+ 0.69	JGLTX
PTTEX	+ 0.68	ROGSX
JGLTX	+ 0.47	ROGSX
TEFQX	+ 0.47	ROGSX
TEFQX	+ 0.47	PTTEX
DTEYX	+ 0.38	JGLTX

High negative correlations

PTTEX	- 0.51	DTEYX
DTEYX	- 0.01	ROGSX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Short 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 Short'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
ROGSX	1.04	(0.14)	0.00	(0.03)	0.00	0.00	1.81	(2.46)	9.27
JGLTX	0.99	(0.03)	(0.02)	0.05	1.49	(0.92)	2.13	(2.69)	5.55
DTEYX	1.25	0.15	0.09	0.21	1.48	(1.30)	2.32	(2.47)	12.28
PTTEX	1.15	(0.21)	0.00	(0.13)	0.00	0.00	1.93	(2.68)	12.16
TEFQX	1.55	(0.23)	0.00	(0.04)	0.00	0.00	2.94	(4.32)	8.44

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