Columbia Large Correlations

GEGTX Fund

USD 70.15 0.06 0.09%

The current 90-days correlation between Columbia Large Cap and California Municipal Portfolio is 0.13 (i.e., Average diversification). The correlation of Columbia Large 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 Large Correlation With Market

Poor diversification

The correlation between Columbia Large Cap and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Columbia Large 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 estimate.

Moving together with Columbia Mutual Fund

0.8	CDAZX	Multi-manager Directional	Pair Corr
0.92	CUURX	Columbia Small Cap	Pair Corr
0.86	CLM	Cornerstone Strategic	Pair Corr
0.64	SCIRX	Columbia Seligman	Pair Corr
0.64	SCMIX	Columbia Seligman	Pair Corr

Moving against Columbia Mutual Fund

0.68	CUTYX	Columbia Treasury Index	Pair Corr
0.67	CUTRX	Columbia Treasury Index	Pair Corr
0.49	SRINX	Columbia Porate Income	Pair Corr
0.49	CEBYX	Columbia Emerging Markets	Pair Corr
0.65	LIBCX	Columbia Total Return	Pair Corr
0.51	CEBRX	Columbia Emerging Markets	Pair Corr
0.34	RPCCX	Columbia Capital All	Pair Corr
0.66	CGVRX	Columbia Government	Pair Corr
0.39	CGCYX	Columbia Greater China	Pair Corr

Related Correlations Analysis

	SNCAX	RGVCX	CFNLX	RGVAX	VSIGX	TWTIX
SNCAX		0.85	0.98	0.86	0.82	0.98	SNCAX
RGVCX	0.85		0.85	0.9	0.96	0.83	RGVCX
CFNLX	0.98	0.85		0.87	0.83	1.0	CFNLX
RGVAX	0.86	0.9	0.87		0.88	0.84	RGVAX
VSIGX	0.82	0.96	0.83	0.88		0.8	VSIGX
TWTIX	0.98	0.83	1.0	0.84	0.8		TWTIX
	SNCAX	RGVCX	CFNLX	RGVAX	VSIGX	TWTIX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Large 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 Large'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
SNCAX	0.12	0.01	0.55	0.11	0.07	(0.15)	0.29	(0.29)	0.73
RGVCX	0.24	0.01	0.32	0.20	0.25	(0.30)	0.51	(0.42)	1.38
CFNLX	0.13	0.01	0.51	0.17	0.11	(0.15)	0.33	(0.37)	0.86
RGVAX	0.25	0.04	0.44	1.13	0.14	(0.32)	0.60	(0.43)	1.56
VSIGX	0.21	0.00	0.39	(0.10)	0.18	(0.28)	0.46	(0.40)	1.24
TWTIX	0.14	0.01	0.42	0.11	0.11	(0.18)	0.37	(0.37)	0.94

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