Columbia Small Correlations

CSIIX Fund

USD 9.41 0.04 0.43%

The current 90-days correlation between Columbia Small Cap and Copeland Smid Cap is -0.2 (i.e., Good diversification). The correlation of Columbia Small 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 Small Correlation With Market

Very poor diversification

The correlation between Columbia Small Cap and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Small Cap 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 Small Cap. 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

0.83	CDCRX	Copeland Risk Managed	Pair Corr
0.87	CDGRX	Copeland Risk Managed	Pair Corr
0.86	CDIVX	Copeland Risk Managed	Pair Corr
1.0	CISAX	Copeland International	Pair Corr
0.96	CSDGX	Copeland Smid Cap	Pair Corr
0.94	CSMDX	Copeland Smid Cap	Pair Corr
0.83	OSMYX	Oppenheimer Intl Small	Pair Corr
0.83	OSCIX	Oppenheimer Intl Small	Pair Corr
0.83	OSMNX	Oppenheimer Intl Small	Pair Corr
0.97	TIDDX	T Rowe Price	Pair Corr
0.97	MIDCX	Mfs International New	Pair Corr
0.99	MIDBX	Mfs International New	Pair Corr
0.99	MWNIX	Mfs International New	Pair Corr
0.63	CII	Blackrock Enhanced	Pair Corr
0.91	ETV	Eaton Vance Tax	Pair Corr
0.62	USA	Liberty All Star	Pair Corr
0.97	NFJ	Virtus Dividend Interest	Pair Corr
0.95	EMLKX	Mfs Emerging Markets	Pair Corr
0.78	RYVPX	Royce Smaller Companies	Pair Corr
0.93	BRKAX	Mfs Blended Research	Pair Corr
0.95	BRLVX	American Beacon Bridgeway	Pair Corr
0.95	HHHYX	Hartford Schroders	Pair Corr
0.96	FDEEX	Fidelity Freedom 2055	Pair Corr
0.86	DDZRX	Delaware Value	Pair Corr
0.91	FAJTX	American Funds 2055	Pair Corr
0.95	TWQAX	Transamerica Large Cap	Pair Corr
0.92	RMFFX	American Mutual	Pair Corr
0.95	CMUAX	Columbia Mid Cap	Pair Corr
0.95	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.95	SRJSX	Jpmorgan Smartretirement	Pair Corr
0.78	JUSRX	Jpmorgan Equity	Pair Corr

Moving against Columbia Mutual Fund

0.59	IIF	Morgan Stanley India	Pair Corr
0.47	IFN	India Closed	Pair Corr

Related Correlations Analysis

	CDCRX	CDGRX	CSDGX	CSIIX	CSMDX
CDCRX		0.97	0.87	0.83	0.89	CDCRX
CDGRX	0.97		0.9	0.87	0.88	CDGRX
CSDGX	0.87	0.9		0.96	0.98	CSDGX
CSIIX	0.83	0.87	0.96		0.94	CSIIX
CSMDX	0.89	0.88	0.98	0.94		CSMDX
	CDCRX	CDGRX	CSDGX	CSIIX	CSMDX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Small 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 Small'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
CDCRX	0.82	0.18	0.23	0.20	0.51	(0.99)	1.49	(1.31)	15.07
CDGRX	0.79	0.21	0.21	0.73	0.52	(0.96)	1.52	(1.27)	13.90
CSDGX	0.71	0.18	0.18	1.21	0.52	(0.93)	1.92	(1.19)	5.99
CSIIX	0.55	0.13	0.11	(2.91)	0.50	(0.60)	1.15	(1.05)	3.57
CSMDX	0.71	0.14	0.17	0.18	0.51	(0.89)	1.85	(1.18)	5.89

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