Columbia High Correlations

INEAX Fund

USD 11.03 0.01 0.09%

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

Weak diversification

The correlation between Columbia High Yield and DJI is 0.34 (i.e., Weak 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

0.66	CUSOX	Columbia Ultra Short	Pair Corr
0.71	CFIGX	Columbia Flexible Capital	Pair Corr
0.7	CFIAX	Columbia Flexible Capital	Pair Corr
0.61	INUTX	Columbia Dividend	Pair Corr
0.61	NSMMX	Columbia Short Term	Pair Corr
0.85	NSTRX	Columbia Short Term	Pair Corr
0.68	NBICX	Columbia Capital All	Pair Corr
0.68	NBIAX	Columbia Capital All	Pair Corr

Related Correlations Analysis

	CUSOX	ILGGX	ILGFX	ILGJX	SSCVX	ILVBX	ILVFX	ILVEX	LHIAX	IMNTX
CUSOX		0.79	0.79	0.79	0.68	0.79	0.8	0.8	0.06	-0.12	CUSOX
ILGGX	0.79		1.0	1.0	0.89	0.95	0.95	0.95	-0.15	-0.31	ILGGX
ILGFX	0.79	1.0		1.0	0.89	0.95	0.95	0.95	-0.15	-0.31	ILGFX
ILGJX	0.79	1.0	1.0		0.89	0.95	0.95	0.95	-0.15	-0.31	ILGJX
SSCVX	0.68	0.89	0.89	0.89		0.97	0.97	0.97	-0.22	-0.3	SSCVX
ILVBX	0.79	0.95	0.95	0.95	0.97		1.0	1.0	-0.17	-0.3	ILVBX
ILVFX	0.8	0.95	0.95	0.95	0.97	1.0		1.0	-0.17	-0.3	ILVFX
ILVEX	0.8	0.95	0.95	0.95	0.97	1.0	1.0		-0.17	-0.3	ILVEX
LHIAX	0.06	-0.15	-0.15	-0.15	-0.22	-0.17	-0.17	-0.17		0.87	LHIAX
IMNTX	-0.12	-0.31	-0.31	-0.31	-0.3	-0.3	-0.3	-0.3	0.87		IMNTX
	CUSOX	ILGGX	ILGFX	ILGJX	SSCVX	ILVBX	ILVFX	ILVEX	LHIAX	IMNTX

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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

ILGFX	+ 1.0	ILGGX
ILGJX	+ 1.0	ILGGX
ILGJX	+ 1.0	ILGFX
ILVFX	+ 1.0	ILVBX
ILVEX	+ 1.0	ILVBX
ILVEX	+ 1.0	ILVFX

High negative correlations

IMNTX	- 0.31	ILGJX
IMNTX	- 0.31	ILGFX
IMNTX	- 0.31	ILGGX
IMNTX	- 0.3	ILVEX
IMNTX	- 0.3	ILVFX
IMNTX	- 0.3	ILVBX

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
CUSOX	0.05	0.01	0.00	(0.67)	0.00	0.00	0.11	(0.11)	0.55
ILGGX	0.74	0.01	0.01	0.13	1.11	(0.72)	1.48	(2.10)	5.00
ILGFX	0.74	0.01	0.01	0.13	1.11	(0.72)	1.48	(2.10)	5.01
ILGJX	0.74	0.01	0.01	0.13	1.11	(0.72)	1.48	(2.13)	4.98
SSCVX	0.87	0.01	0.07	0.13	0.73	(1.05)	2.13	(1.48)	6.90
ILVBX	0.57	0.03	0.03	0.15	0.36	(0.70)	1.18	(0.84)	3.65
ILVFX	0.56	0.03	0.03	0.16	0.33	(0.69)	1.17	(0.81)	3.56
ILVEX	0.56	0.03	0.03	0.16	0.33	(0.69)	1.18	(0.83)	3.59
LHIAX	0.20	0.00	(0.23)	0.04	0.33	(0.25)	0.43	(0.43)	2.04
IMNTX	0.17	0.01	(0.29)	0.00	0.30	(0.19)	0.35	(0.45)	1.83

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