Columbia Large Correlations

NFEAX Fund

USD 17.76 0.09 0.50%

The current 90-days correlation between Columbia Large Cap and Pace Smallmedium Value is -0.27 (i.e., Very good diversification). The correlation of Columbia Large 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 Large Correlation With Market

Very weak diversification

The correlation between Columbia Large Cap and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Large Cap 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 Large Cap. 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

0.79	GEGDX	Columbia Large Cap	Pair Corr
0.61	AQEAX	Columbia Disciplined	Pair Corr
0.89	NSGAX	Columbia Select Large	Pair Corr
0.79	UMLAX	Columbia Select Large	Pair Corr

Moving against Columbia Mutual Fund

0.57	ILVBX	Columbia Integrated Large	Pair Corr
0.44	ILVFX	Columbia Integrated Large	Pair Corr

Related Correlations Analysis

	HRVIX	GSXPX	QRSAX	AASSX	LVAQX	PCSVX
HRVIX		0.94	0.95	0.91	0.89	0.93	HRVIX
GSXPX	0.94		0.96	0.94	0.96	0.99	GSXPX
QRSAX	0.95	0.96		0.97	0.96	0.97	QRSAX
AASSX	0.91	0.94	0.97		0.96	0.97	AASSX
LVAQX	0.89	0.96	0.96	0.96		0.99	LVAQX
PCSVX	0.93	0.99	0.97	0.97	0.99		PCSVX
	HRVIX	GSXPX	QRSAX	AASSX	LVAQX	PCSVX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Large 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 Large'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
HRVIX	0.80	0.22	0.15	1.47	0.56	(0.92)	2.44	(1.21)	4.93
GSXPX	0.87	0.17	0.20	0.24	0.60	(1.05)	2.73	(1.53)	6.09
QRSAX	0.73	0.14	0.19	0.24	0.41	(0.91)	2.45	(1.13)	5.31
AASSX	1.05	0.32	0.34	0.35	0.37	(1.27)	2.72	(1.46)	13.99
LVAQX	0.85	0.20	0.24	0.33	0.36	(1.04)	2.49	(0.92)	7.90
PCSVX	0.76	0.17	0.22	0.27	0.41	(1.00)	2.40	(1.17)	4.65

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