Columbia Integrated Correlations

ILGGX Fund

USD 22.27 0.21 0.95%

The current 90-days correlation between Columbia Integrated Large and Columbia Ultra Short is 0.07 (i.e., Significant diversification). The correlation of Columbia Integrated 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 Integrated Correlation With Market

Modest diversification

The correlation between Columbia Integrated Large and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Integrated Large 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 Integrated Large. 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 price.

Moving together with Columbia Mutual Fund

0.93	ILGCX	Columbia Integrated Large	Pair Corr
0.93	ILGJX	Columbia Integrated Large	Pair Corr
0.86	SSCVX	Columbia Select Smaller	Pair Corr
0.9	ILVBX	Columbia Integrated Large	Pair Corr
0.88	ILVFX	Columbia Integrated Large	Pair Corr
0.72	LHIAX	Columbia High Yield	Pair Corr
0.65	IMNTX	Columbia Minnesota Tax	Pair Corr
0.7	IMRFX	Columbia Global Oppo	Pair Corr
0.76	CFIGX	Columbia Flexible Capital	Pair Corr
0.73	CFIAX	Columbia Flexible Capital	Pair Corr
0.82	SCICX	Columbia Seligman	Pair Corr
0.67	LIBAX	Columbia Total Return	Pair Corr
0.92	INDZX	Columbia Diversified	Pair Corr
0.65	LIIAX	Columbia Porate Income	Pair Corr
0.73	INTAX	Columbia Strategic	Pair Corr
0.89	INUTX	Columbia Dividend	Pair Corr
0.66	PISDX	Columbia Pyrford Int	Pair Corr
0.63	PISLX	Columbia Pyrford Int	Pair Corr
0.67	PISOX	Columbia Pyrford Int	Pair Corr
0.66	PISJX	Columbia Pyrford Int	Pair Corr
0.66	PISQX	Columbia Pyrford Int	Pair Corr
0.92	AQEAX	Columbia Disciplined	Pair Corr
0.88	SVLCX	Columbia Select Large	Pair Corr
0.71	NSGAX	Columbia Select Large	Pair Corr
0.78	NBICX	Columbia Capital All	Pair Corr
0.78	NBIAX	Columbia Capital All	Pair Corr
0.87	NTIAX	Columbia Mid Cap	Pair Corr
0.78	RBBAX	Columbia Income Builder	Pair Corr
0.78	RBBCX	Columbia Income Builder	Pair Corr
0.78	RBGCX	Columbia Capital All	Pair Corr

Moving against Columbia Mutual Fund

0.41	CUSOX	Columbia Ultra Short	Pair Corr
0.31	NSTRX	Columbia Short Term	Pair Corr

Related Correlations Analysis

	CUSOX	ILGCX	ILGGX	ILGJX	SSCVX	ILVBX	ILVFX	LHIAX	IMNTX	IMRFX
CUSOX		-0.41	-0.41	-0.4	-0.64	-0.7	-0.69	-0.29	-0.08	-0.37	CUSOX
ILGCX	-0.41		0.93	1.0	0.79	0.84	0.9	0.77	0.71	0.7	ILGCX
ILGGX	-0.41	0.93		0.93	0.86	0.9	0.88	0.72	0.65	0.7	ILGGX
ILGJX	-0.4	1.0	0.93		0.79	0.83	0.89	0.78	0.72	0.7	ILGJX
SSCVX	-0.64	0.79	0.86	0.79		0.94	0.91	0.59	0.43	0.53	SSCVX
ILVBX	-0.7	0.84	0.9	0.83	0.94		0.97	0.63	0.46	0.55	ILVBX
ILVFX	-0.69	0.9	0.88	0.89	0.91	0.97		0.68	0.53	0.6	ILVFX
LHIAX	-0.29	0.77	0.72	0.78	0.59	0.63	0.68		0.96	0.79	LHIAX
IMNTX	-0.08	0.71	0.65	0.72	0.43	0.46	0.53	0.96		0.77	IMNTX
IMRFX	-0.37	0.7	0.7	0.7	0.53	0.55	0.6	0.79	0.77		IMRFX
	CUSOX	ILGCX	ILGGX	ILGJX	SSCVX	ILVBX	ILVFX	LHIAX	IMNTX	IMRFX

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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
ILVFX	+ 0.97	ILVBX
IMNTX	+ 0.96	LHIAX
ILVBX	+ 0.94	SSCVX
ILGGX	+ 0.93	ILGCX
ILGJX	+ 0.93	ILGGX

High negative correlations

ILVBX	- 0.7	CUSOX
ILVFX	- 0.69	CUSOX
SSCVX	- 0.64	CUSOX
ILGGX	- 0.41	CUSOX
ILGCX	- 0.41	CUSOX
ILGJX	- 0.4	CUSOX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Integrated 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 Integrated'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CUSOX	0.05	0.01	(0.66)	0.11	(0.11)	0.66
ILGCX	0.98	(0.08)	(15.88)	1.50	(2.11)	12.57
ILGGX	0.98	(0.09)	(0.17)	1.48	(2.10)	12.36
ILGJX	0.97	(0.08)	(15.96)	1.48	(2.13)	12.26
SSCVX	1.03	(0.23)	(0.30)	1.75	(1.84)	22.12
ILVBX	1.16	(0.47)	(0.58)	1.17	(1.02)	35.41
ILVFX	1.15	(0.46)	(1.40)	1.16	(1.01)	35.16
LHIAX	0.27	(0.04)	(0.57)	0.54	(0.65)	2.18
IMNTX	0.24	(0.03)	(0.39)	0.41	(0.56)	2.00
IMRFX	0.43	(0.05)	(0.18)	0.74	(0.81)	3.27

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