Columbia Dividend Correlations

GFSDX Fund

36.47 0.21 0.58%

The current 90-days correlation between Columbia Dividend Income and Columbia Corporate Income is 0.23 (i.e., Modest diversification). The correlation of Columbia Dividend 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 Dividend Correlation With Market

Poor diversification

The correlation between Columbia Dividend Income and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Dividend Income 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 Dividend Income. 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 small area income & poverty estimates.

Moving together with Columbia Mutual Fund

0.71	CUSOX	Columbia Ultra Short	Pair Corr
1.0	CDOAX	Columbia Dividend	Pair Corr
0.94	ILGCX	Columbia Integrated Large	Pair Corr
0.94	ILGJX	Columbia Integrated Large	Pair Corr
0.93	SSCVX	Columbia Select Smaller	Pair Corr
0.87	GEGDX	Columbia Large Cap	Pair Corr
0.82	IMRFX	Columbia Global Oppo	Pair Corr
0.84	CFIGX	Columbia Flexible Capital	Pair Corr
0.86	CFIAX	Columbia Flexible Capital	Pair Corr
0.89	SCICX	Columbia Seligman	Pair Corr
0.99	INDZX	Columbia Diversified	Pair Corr
0.77	INEAX	Columbia High Yield	Pair Corr
1.0	INUTX	Columbia Dividend	Pair Corr
0.85	CGOAX	Columbia Small Cap	Pair Corr
0.94	AQEAX	Columbia Disciplined	Pair Corr
0.96	SVLCX	Columbia Select Large	Pair Corr
0.76	NSGAX	Columbia Select Large	Pair Corr
0.88	UMLAX	Columbia Select Large	Pair Corr
0.73	NSMDX	Columbia Short Duration	Pair Corr
0.77	NSMMX	Columbia Short Term	Pair Corr

Moving against Columbia Mutual Fund

0.9	ILVFX	Columbia Integrated Large	Pair Corr
0.7	ILVBX	Columbia Integrated Large	Pair Corr
0.61	PISQX	Columbia Pyrford Int	Pair Corr
0.6	PISDX	Columbia Pyrford Int	Pair Corr
0.6	PISJX	Columbia Pyrford Int	Pair Corr
0.44	UMEBX	Columbia Emerging Markets	Pair Corr

Related Correlations Analysis

	SRIJX	CUSOX	CDOAX	ILGCX	ILGGX	ILGJX	SSCVX	ILVBX	ILVFX	LHIAX
SRIJX		-0.04	0.12	0.03	0.37	0.03	0.14	0.01	0.04	0.2	SRIJX
CUSOX	-0.04		0.71	0.64	0.26	0.64	0.7	-0.6	-0.54	0.44	CUSOX
CDOAX	0.12	0.71		0.95	0.38	0.95	0.93	-0.71	-0.92	0.21	CDOAX
ILGCX	0.03	0.64	0.95		0.36	1.0	0.91	-0.72	-0.94	0.18	ILGCX
ILGGX	0.37	0.26	0.38	0.36		0.36	0.44	-0.31	-0.22	0.14	ILGGX
ILGJX	0.03	0.64	0.95	1.0	0.36		0.91	-0.72	-0.93	0.18	ILGJX
SSCVX	0.14	0.7	0.93	0.91	0.44	0.91		-0.87	-0.81	0.09	SSCVX
ILVBX	0.01	-0.6	-0.71	-0.72	-0.31	-0.72	-0.87		0.64	-0.09	ILVBX
ILVFX	0.04	-0.54	-0.92	-0.94	-0.22	-0.93	-0.81	0.64		-0.19	ILVFX
LHIAX	0.2	0.44	0.21	0.18	0.14	0.18	0.09	-0.09	-0.19		LHIAX
	SRIJX	CUSOX	CDOAX	ILGCX	ILGGX	ILGJX	SSCVX	ILVBX	ILVFX	LHIAX

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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

ILGJX	+ 1.0	ILGCX
ILGCX	+ 0.95	CDOAX
ILGJX	+ 0.95	CDOAX
SSCVX	+ 0.93	CDOAX
SSCVX	+ 0.91	ILGCX
SSCVX	+ 0.91	ILGJX

High negative correlations

ILVFX	- 0.94	ILGCX
ILVFX	- 0.93	ILGJX
ILVFX	- 0.92	CDOAX
ILVBX	- 0.87	SSCVX
ILVFX	- 0.81	SSCVX
ILVBX	- 0.72	ILGJX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Dividend 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 Dividend'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
SRIJX	0.16	(0.01)	(0.27)	(0.08)	0.18	(0.18)	0.22	(0.32)	0.76
CUSOX	0.03	0.00	0.00	0.80	0.00	0.00	0.11	0.00	0.43
CDOAX	0.63	0.08	0.12	0.13	0.45	(0.79)	1.32	(1.03)	7.19
ILGCX	2.06	0.80	0.67	0.33	0.00	(2.37)	2.09	(2.01)	64.82
ILGGX	0.80	(0.04)	(0.03)	0.02	1.31	(0.69)	1.64	(2.06)	4.56
ILGJX	1.95	0.75	0.64	0.32	0.00	(2.26)	2.08	(2.12)	60.99
SSCVX	0.95	0.12	0.12	0.18	0.90	(1.20)	2.03	(1.55)	11.45
ILVBX	3.32	0.38	0.04	0.13	9.35	(3.45)	1.27	(1.10)	106.85
ILVFX	1.16	(0.36)	0.00	0.37	0.00	0.00	1.16	(1.09)	33.76
LHIAX	0.08	0.00	(0.33)	0.74	0.00	(0.17)	0.22	(0.22)	0.55

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