Columbia Minnesota Correlations
| IMNTX Fund | USD 19.59 0.04 0.20% |
The current 90-days correlation between Columbia Minnesota Tax and Neuberger Berman Real is 0.4 (i.e., Very weak diversification). The correlation of Columbia Minnesota 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 Minnesota Correlation With Market
Average diversification
The correlation between Columbia Minnesota Tax Exempt and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Minnesota Tax Exempt and DJI in the same portfolio, assuming nothing else is changed.
Columbia |
Moving together with Columbia Mutual Fund
| 0.73 | ILGCX | Columbia Integrated Large | PairCorr |
| 0.73 | ILGGX | Columbia Integrated Large | PairCorr |
| 0.73 | ILGJX | Columbia Integrated Large | PairCorr |
| 0.98 | LHIAX | Columbia High Yield | PairCorr |
| 0.72 | IMRFX | Columbia Global Oppo | PairCorr |
| 0.62 | CFIGX | Columbia Flexible Capital | PairCorr |
| 0.68 | LIACX | Columbia Acorn | PairCorr |
| 0.86 | LIBAX | Columbia Total Return | PairCorr |
| 0.87 | LIIAX | Columbia Porate Income | PairCorr |
| 0.99 | INTAX | Columbia Strategic | PairCorr |
| 0.95 | LITAX | Columbia Amt Free | PairCorr |
| 0.82 | LITCX | Columbia Amt Free | PairCorr |
| 0.98 | NACMX | Columbia Amt Free | PairCorr |
| 0.87 | NSMMX | Columbia Short Term | PairCorr |
| 0.78 | NBICX | Columbia Capital All | PairCorr |
| 0.78 | NBIAX | Columbia Capital All | PairCorr |
| 0.79 | RBBAX | Columbia Income Builder | PairCorr |
| 0.8 | RBBCX | Columbia Income Builder | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Columbia Mutual Fund performing well and Columbia Minnesota 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 Minnesota'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NBRFX | 0.92 | (0.14) | 0.00 | (0.22) | 0.00 | 1.51 | 5.48 | |||
| NRSCX | 0.24 | (0.04) | 0.00 | (0.52) | 0.00 | 0.43 | 3.00 | |||
| REPIX | 1.41 | (0.22) | 0.00 | (0.20) | 0.00 | 2.49 | 8.45 | |||
| MRESX | 0.88 | (0.14) | 0.00 | (0.22) | 0.00 | 1.43 | 5.43 | |||
| CREYX | 0.88 | (0.13) | 0.00 | (0.20) | 0.00 | 1.52 | 5.49 | |||
| VUVAF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SRPIX | 0.93 | 0.14 | 0.01 | (0.19) | 0.91 | 1.79 | 6.06 | |||
| JYEBX | 0.84 | (0.12) | 0.00 | (0.18) | 0.00 | 1.41 | 5.47 |