Columbia High Correlations

INEAX Fund

USD 11.01 0.02 0.18%

The current 90-days correlation between Columbia High Yield and Live Oak Health is 0.26 (i.e., Modest diversification). The correlation of Columbia High 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 High Correlation With Market

Modest diversification

The correlation between Columbia High Yield and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia High Yield 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 High Yield. 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 nation.

Moving together with Columbia Mutual Fund

0.63	CUSOX	Columbia Ultra Short	Pair Corr
0.62	IMNTX	Columbia Minnesota Tax	Pair Corr
0.61	CFIGX	Columbia Flexible Capital	Pair Corr
0.65	CFIAX	Columbia Flexible Capital	Pair Corr
0.77	LIACX	Columbia Acorn	Pair Corr
0.85	PHIKX	Columbia Convertible	Pair Corr
0.76	LITAX	Columbia Amt Free	Pair Corr
0.68	LITCX	Columbia Amt Free	Pair Corr
0.81	CGOAX	Columbia Small Cap	Pair Corr
0.66	NACMX	Columbia Amt Free	Pair Corr
0.84	NSMMX	Columbia Short Term	Pair Corr
0.78	NSTRX	Columbia Short Term	Pair Corr

Related Correlations Analysis

	LOGSX	LHCCX	GTHCX	BHCHX	XHQHX	BGHDX	LYFAX	HHCZX
LOGSX		0.87	0.92	0.91	0.78	0.39	0.91	0.59	LOGSX
LHCCX	0.87		0.8	0.85	0.66	0.43	0.85	0.49	LHCCX
GTHCX	0.92	0.8		0.92	0.82	0.42	0.9	0.48	GTHCX
BHCHX	0.91	0.85	0.92		0.9	0.58	0.9	0.41	BHCHX
XHQHX	0.78	0.66	0.82	0.9		0.74	0.85	0.31	XHQHX
BGHDX	0.39	0.43	0.42	0.58	0.74		0.55	0.12	BGHDX
LYFAX	0.91	0.85	0.9	0.9	0.85	0.55		0.62	LYFAX
HHCZX	0.59	0.49	0.48	0.41	0.31	0.12	0.62		HHCZX
	LOGSX	LHCCX	GTHCX	BHCHX	XHQHX	BGHDX	LYFAX	HHCZX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia High 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 High'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
LOGSX	0.62	(0.11)	0.00	(0.40)	0.00	0.00	1.07	(1.52)	4.72
LHCCX	0.77	(0.07)	0.00	(2.83)	0.00	0.00	1.40	(1.78)	5.15
GTHCX	0.81	(0.28)	0.00	(0.67)	0.00	0.00	1.02	(1.72)	10.87
BHCHX	0.71	(0.12)	0.00	(3.94)	0.00	0.00	1.27	(1.58)	4.19
XHQHX	0.77	(0.15)	0.00	4.18	0.00	0.00	0.97	(2.29)	4.60
BGHDX	0.77	(0.06)	0.00	(8.19)	0.00	0.00	1.38	(1.69)	8.70
LYFAX	0.61	(0.07)	0.00	(0.71)	0.00	0.00	0.96	(1.57)	3.57
HHCZX	0.13	0.00	(0.08)	0.05	0.10	(0.17)	0.24	(0.24)	1.15

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Columbia High Correlations

Columbia High Correlation With Market

Modest diversification

Moving together with Columbia Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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