Columbia Strategic Correlations

INTAX Fund

USD 14.98 0.06 0.40%

The current 90-days correlation between Columbia Strategic and Amg River Road is 0.01 (i.e., Significant diversification). The correlation of Columbia Strategic 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 Strategic Correlation With Market

Very good diversification

The correlation between Columbia Strategic Municipal and DJI is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Strategic Municipal 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 Strategic Municipal. 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

0.85	VWLTX	Vanguard Long Term	Pair Corr
0.99	VWAHX	Vanguard High Yield	Pair Corr
0.82	VWALX	Vanguard High Yield	Pair Corr
0.87	FSMUX	Strategic Advisers	Pair Corr
0.85	VWLUX	Vanguard Long Term	Pair Corr
0.89	FAFTX	Franklin Federal Tax	Pair Corr
0.98	FFTQX	Franklin Federal Tax	Pair Corr
0.99	FKTIX	Franklin Federal Tax	Pair Corr
0.83	FRFTX	Franklin Federal Tax	Pair Corr
0.99	FFQAX	Franklin Federal Tax	Pair Corr

Moving against Columbia Mutual Fund

0.36	FSRBX	Banking Portfolio Banking	Pair Corr
0.32	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr

Related Correlations Analysis

	ARSMX	QRSVX	AVCNX	MXLSX	VISVX	RSPMX	MLPSX
ARSMX		0.95	0.95	0.95	0.95	0.97	0.99	ARSMX
QRSVX	0.95		0.99	0.9	0.99	0.92	0.95	QRSVX
AVCNX	0.95	0.99		0.9	0.99	0.93	0.94	AVCNX
MXLSX	0.95	0.9	0.9		0.88	0.99	0.94	MXLSX
VISVX	0.95	0.99	0.99	0.88		0.92	0.95	VISVX
RSPMX	0.97	0.92	0.93	0.99	0.92		0.97	RSPMX
MLPSX	0.99	0.95	0.94	0.94	0.95	0.97		MLPSX
	ARSMX	QRSVX	AVCNX	MXLSX	VISVX	RSPMX	MLPSX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Strategic 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 Strategic'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
ARSMX	0.70	0.13	0.05	0.83	0.47	(0.92)	1.77	(0.92)	5.55
QRSVX	0.78	(0.01)	0.02	0.11	0.67	(0.89)	1.89	(1.28)	6.35
AVCNX	0.94	(0.04)	0.02	0.09	0.79	(1.18)	2.06	(1.54)	8.37
MXLSX	0.85	0.10	0.00	0.99	0.77	(1.05)	2.08	(1.34)	7.51
VISVX	0.73	(0.01)	0.02	0.12	0.64	(0.81)	1.65	(1.35)	5.74
RSPMX	0.76	0.12	0.01	1.18	0.59	(1.00)	1.71	(1.21)	6.79
MLPSX	0.70	0.13	0.03	1.56	0.59	(0.75)	1.65	(1.39)	5.59

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