Columbia Thermostat Correlations

CTORX Fund

USD 16.69 0.03 0.18%

The current 90-days correlation between Columbia Thermostat and Columbia Balanced Fund is 0.04 (i.e., Significant diversification). The correlation of Columbia Thermostat 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 Thermostat Correlation With Market

Significant diversification

The correlation between Columbia Thermostat Fund and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Thermostat Fund 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 Thermostat Fund. 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 metropolitan statistical area.

Moving together with Columbia Mutual Fund

0.82	AMTCX	Columbia Capital All	Pair Corr
0.72	CEBYX	Columbia Emerging Markets	Pair Corr
0.72	CEBSX	Columbia Emerging Markets	Pair Corr
0.71	CEBRX	Columbia Emerging Markets	Pair Corr
0.69	CEPRX	Columbia Income Oppo	Pair Corr

Related Correlations Analysis

	CTORX	CBDYX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3
CTORX		0.58	0.0	0.49	0.54	-0.01	0.87	0.04	-0.22	CTORX
CBDYX	0.58		0.0	0.77	0.68	0.34	0.77	0.35	0.32	CBDYX
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.49	0.77	0.0		0.67	-0.11	0.81	-0.02	0.15	MSTSX
LBHIX	0.54	0.68	0.0	0.67		0.19	0.71	0.27	0.09	LBHIX
VIASP	-0.01	0.34	0.0	-0.11	0.19		-0.01	0.79	0.53	VIASP
RRTLX	0.87	0.77	0.0	0.81	0.71	-0.01		0.05	0.01	RRTLX
OSHDF	0.04	0.35	0.0	-0.02	0.27	0.79	0.05		0.35	OSHDF
70082LAB3	-0.22	0.32	0.0	0.15	0.09	0.53	0.01	0.35		70082LAB3
	CTORX	CBDYX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3

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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

RRTLX	+ 0.87	CTORX
RRTLX	+ 0.81	MSTSX
OSHDF	+ 0.79	VIASP
MSTSX	+ 0.77	CBDYX
RRTLX	+ 0.77	CBDYX
RRTLX	+ 0.71	LBHIX

High negative correlations

70082LAB3	- 0.22	CTORX
VIASP	- 0.11	MSTSX
OSHDF	- 0.02	MSTSX
RRTLX	- 0.01	VIASP
VIASP	- 0.01	CTORX
70082LAB3	- 0.0	AQUI

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Thermostat 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 Thermostat'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
CTORX	0.26	0.00	(0.29)	0.22	0.30	(0.29)	0.60	(0.54)	1.63
CBDYX	0.34	(0.03)	(0.18)	0.06	0.42	(0.35)	0.76	(0.91)	2.34
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.48	(0.05)	(0.15)	0.04	0.53	(0.58)	1.03	(1.02)	2.80
LBHIX	0.11	0.01	(0.40)	0.46	0.00	(0.29)	0.24	(0.24)	0.96
VIASP	0.74	0.08	(0.03)	(2.22)	1.13	(0.80)	2.28	(1.20)	7.18
RRTLX	0.24	0.01	(0.30)	0.50	0.24	(0.27)	0.56	(0.56)	1.37
OSHDF	39.65	22.61	0.00	(0.96)	0.00	0.00	0.00	0.00	1,329
70082LAB3	1.00	0.03	(0.04)	1.56	2.25	(1.07)	1.75	(1.69)	24.27

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