Columbia Total Correlations

LIBAX Fund

USD 30.34 0.07 0.23%

The current 90-days correlation between Columbia Total Return and Columbia Ultra Short is 0.17 (i.e., Average diversification). The correlation of Columbia Total 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 Total Correlation With Market

Average diversification

The correlation between Columbia Total Return and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Total Return and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Columbia Total Return. 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

0.61	LHIAX	Columbia High Yield	Pair Corr
0.7	IMNTX	Columbia Minnesota Tax	Pair Corr
0.95	LIIAX	Columbia Porate Income	Pair Corr
0.78	NACMX	Columbia Amt Free	Pair Corr
0.85	PISDX	Columbia Pyrford Int	Pair Corr
0.85	PISLX	Columbia Pyrford Int	Pair Corr
0.85	PISOX	Columbia Pyrford Int	Pair Corr
0.85	PISJX	Columbia Pyrford Int	Pair Corr
0.77	RBBAX	Columbia Income Builder	Pair Corr
0.8	RBBCX	Columbia Income Builder	Pair Corr
0.86	ABDAX	Columbia Capital All	Pair Corr
0.82	LMIAX	Columbia Amt Free	Pair Corr

Moving against Columbia Mutual Fund

0.79	ILGFX	Columbia Integrated Large	Pair Corr
0.78	ILVEX	Columbia Integrated Large	Pair Corr
0.77	ILGCX	Columbia Integrated Large	Pair Corr
0.77	ILGGX	Columbia Integrated Large	Pair Corr
0.77	ILGJX	Columbia Integrated Large	Pair Corr
0.77	ILVBX	Columbia Integrated Large	Pair Corr
0.77	ILVFX	Columbia Integrated Large	Pair Corr
0.75	PHIKX	Columbia Convertible	Pair Corr
0.74	SCICX	Columbia Seligman	Pair Corr
0.7	SSCVX	Columbia Select Smaller	Pair Corr
0.68	LIACX	Columbia Acorn	Pair Corr
0.67	CUSOX	Columbia Ultra Short	Pair Corr
0.59	CFIAX	Columbia Flexible Capital	Pair Corr
0.57	CFIGX	Columbia Flexible Capital	Pair Corr
0.79	AQEAX	Columbia Disciplined	Pair Corr
0.75	CGOAX	Columbia Small Cap	Pair Corr
0.73	NSGAX	Columbia Select Large	Pair Corr
0.71	NTIAX	Columbia Mid Cap	Pair Corr
0.67	INUTX	Columbia Dividend	Pair Corr
0.61	SVLCX	Columbia Select Large	Pair Corr
0.32	NBIAX	Columbia Capital All	Pair Corr
0.74	SHGTX	Columbia Seligman Global	Pair Corr
0.74	SHTCX	Columbia Seligman Global	Pair Corr
0.73	NFEAX	Columbia Large Cap	Pair Corr
0.72	RDLAX	Columbia Disciplined	Pair Corr

Related Correlations Analysis

	CUSOX	ILGCX	ILGGX	ILGFX	ILGJX	SSCVX	ILVBX	ILVFX	ILVEX	LHIAX
CUSOX		0.8	0.8	0.79	0.8	0.68	0.79	0.8	0.79	-0.01	CUSOX
ILGCX	0.8		1.0	0.96	1.0	0.89	0.94	0.94	0.91	-0.2	ILGCX
ILGGX	0.8	1.0		0.96	1.0	0.89	0.94	0.94	0.91	-0.2	ILGGX
ILGFX	0.79	0.96	0.96		0.96	0.87	0.93	0.93	0.95	-0.21	ILGFX
ILGJX	0.8	1.0	1.0	0.96		0.89	0.94	0.94	0.92	-0.2	ILGJX
SSCVX	0.68	0.89	0.89	0.87	0.89		0.97	0.97	0.93	-0.24	SSCVX
ILVBX	0.79	0.94	0.94	0.93	0.94	0.97		1.0	0.97	-0.21	ILVBX
ILVFX	0.8	0.94	0.94	0.93	0.94	0.97	1.0		0.97	-0.21	ILVFX
ILVEX	0.79	0.91	0.91	0.95	0.92	0.93	0.97	0.97		-0.19	ILVEX
LHIAX	-0.01	-0.2	-0.2	-0.21	-0.2	-0.24	-0.21	-0.21	-0.19		LHIAX
	CUSOX	ILGCX	ILGGX	ILGFX	ILGJX	SSCVX	ILVBX	ILVFX	ILVEX	LHIAX

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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

ILGGX	+ 1.0	ILGCX
ILGJX	+ 1.0	ILGCX
ILGJX	+ 1.0	ILGGX
ILVFX	+ 1.0	ILVBX
ILVBX	+ 0.97	SSCVX
ILVFX	+ 0.97	SSCVX

High negative correlations

LHIAX	- 0.24	SSCVX
LHIAX	- 0.21	ILVFX
LHIAX	- 0.21	ILVBX
LHIAX	- 0.21	ILGFX
LHIAX	- 0.2	ILGJX
LHIAX	- 0.2	ILGGX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Total 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 Total'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
ILGCX	0.73	0.00	(0.01)	0.12	1.12	(0.69)	1.49	(2.11)	4.98
ILGGX	0.73	0.00	0.00	0.12	1.14	(0.69)	1.48	(2.10)	5.00
ILGFX	0.74	0.13	0.01	(14.95)	1.11	(0.72)	1.48	(2.10)	5.01
ILGJX	0.73	0.00	0.00	0.12	1.14	(0.69)	1.48	(2.13)	4.98
SSCVX	0.84	(0.01)	0.04	0.11	0.77	(0.99)	1.88	(1.48)	6.90
ILVBX	0.56	0.02	0.02	0.15	0.37	(0.68)	1.17	(0.84)	3.65
ILVFX	0.55	0.03	0.02	0.15	0.35	(0.67)	1.16	(0.81)	3.56
ILVEX	0.56	0.13	0.03	2.32	0.33	(0.69)	1.18	(0.83)	3.59
LHIAX	0.20	0.02	(0.21)	(0.06)	0.32	(0.26)	0.43	(0.43)	2.04

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