Columbia Integrated Correlations

ILVBX Fund

USD 10.51 0.02 0.19%

The current 90-days correlation between Columbia Integrated Large and Fidelity New Markets is 0.2 (i.e., Modest 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

Significant diversification

The correlation between Columbia Integrated Large and DJI is 0.07 (i.e., Significant 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 bureau of labor statistics.

Moving together with Columbia Mutual Fund

0.92	ILGCX	Columbia Integrated Large	Pair Corr
0.91	ILGGX	Columbia Integrated Large	Pair Corr
0.91	ILGJX	Columbia Integrated Large	Pair Corr
0.92	SSCVX	Columbia Select Smaller	Pair Corr
1.0	ILVFX	Columbia Integrated Large	Pair Corr
0.68	LHIAX	Columbia High Yield	Pair Corr
0.9	SCICX	Columbia Seligman	Pair Corr
0.68	LIBAX	Columbia Total Return	Pair Corr
0.95	INDZX	Columbia Diversified	Pair Corr
0.67	LIIAX	Columbia Porate Income	Pair Corr
0.65	INTAX	Columbia Strategic	Pair Corr
0.95	INUTX	Columbia Dividend	Pair Corr
0.85	PISDX	Columbia Pyrford Int	Pair Corr
0.84	PISLX	Columbia Pyrford Int	Pair Corr
0.86	PISJX	Columbia Pyrford Int	Pair Corr
0.86	PISQX	Columbia Pyrford Int	Pair Corr
0.93	AQEAX	Columbia Disciplined	Pair Corr
0.79	SVLCX	Columbia Select Large	Pair Corr
0.71	NBICX	Columbia Capital All	Pair Corr
0.7	NBIAX	Columbia Capital All	Pair Corr
0.85	NTIAX	Columbia Mid Cap	Pair Corr
0.72	RBGCX	Columbia Capital All	Pair Corr

Moving against Columbia Mutual Fund

0.74	CUSOX	Columbia Ultra Short	Pair Corr
0.62	NSTRX	Columbia Short Term	Pair Corr

Related Correlations Analysis

	FGWMX	SPMIX	LOTCX	IGIEX	RYWWX	SEDAX	DBIRX	EMDQX
FGWMX		-0.02	0.28	0.88	-0.19	0.81	0.7	0.42	FGWMX
SPMIX	-0.02		-0.61	0.24	-0.38	0.29	0.4	0.56	SPMIX
LOTCX	0.28	-0.61		0.01	0.52	-0.13	-0.27	-0.62	LOTCX
IGIEX	0.88	0.24	0.01		-0.38	0.77	0.87	0.6	IGIEX
RYWWX	-0.19	-0.38	0.52	-0.38		-0.58	-0.39	-0.77	RYWWX
SEDAX	0.81	0.29	-0.13	0.77	-0.58		0.7	0.78	SEDAX
DBIRX	0.7	0.4	-0.27	0.87	-0.39	0.7		0.72	DBIRX
EMDQX	0.42	0.56	-0.62	0.6	-0.77	0.78	0.72		EMDQX
	FGWMX	SPMIX	LOTCX	IGIEX	RYWWX	SEDAX	DBIRX	EMDQX

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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

IGIEX	+ 0.88	FGWMX
DBIRX	+ 0.87	IGIEX
SEDAX	+ 0.81	FGWMX
EMDQX	+ 0.78	SEDAX
SEDAX	+ 0.77	IGIEX
EMDQX	+ 0.72	DBIRX

High negative correlations

EMDQX	- 0.77	RYWWX
EMDQX	- 0.62	LOTCX
LOTCX	- 0.61	SPMIX
SEDAX	- 0.58	RYWWX
DBIRX	- 0.39	RYWWX
RYWWX	- 0.38	IGIEX

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FGWMX	0.24	0.02	(0.21)	0.54	0.23	(0.27)	0.48	(0.47)	1.97
SPMIX	0.85	(0.11)	0.00	(0.11)	0.00	0.00	1.63	(1.29)	12.47
LOTCX	0.52	0.05	(0.06)	(0.50)	0.66	(0.57)	0.79	(1.28)	3.77
IGIEX	0.25	0.00	(0.21)	0.10	0.28	(0.31)	0.60	(0.49)	2.17
RYWWX	1.70	0.13	0.00	(0.25)	2.12	(1.91)	4.51	(3.82)	10.82
SEDAX	0.26	0.00	(0.22)	0.15	0.25	(0.33)	0.60	(0.47)	2.16
DBIRX	0.23	(0.02)	0.00	(0.19)	0.00	0.00	0.67	(0.56)	1.57
EMDQX	0.35	(0.03)	0.00	(0.13)	0.00	0.00	0.89	(0.66)	1.77

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