Columbia Greater Correlations

NGCAX Fund

USD 33.14 0.71 2.19%

The current 90-days correlation between Columbia Greater China and Columbia Ultra Short is 0.01 (i.e., Significant diversification). The correlation of Columbia Greater 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 Greater Correlation With Market

Good diversification

The correlation between Columbia Greater China and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Greater China 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 Greater China. 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

0.65	CUSOX	Columbia Ultra Short	Pair Corr
0.73	CFIGX	Columbia Flexible Capital	Pair Corr
0.73	CFIAX	Columbia Flexible Capital	Pair Corr
0.68	INUTX	Columbia Dividend	Pair Corr
0.61	AQEAX	Columbia Disciplined	Pair Corr
0.68	SVLCX	Columbia Select Large	Pair Corr

Moving against Columbia Mutual Fund

0.42

LIBAX

Columbia Total Return

Pair Corr

Related Correlations Analysis

	CUSOX	ILGCX	ILGGX	ILGFX	ILGJX	SSCVX	ILVBX	ILVFX	ILVEX	LHIAX
CUSOX		0.79	0.79	0.79	0.79	0.68	0.79	0.8	0.8	0.06	CUSOX
ILGCX	0.79		1.0	1.0	1.0	0.89	0.95	0.95	0.95	-0.15	ILGCX
ILGGX	0.79	1.0		1.0	1.0	0.89	0.95	0.95	0.95	-0.15	ILGGX
ILGFX	0.79	1.0	1.0		1.0	0.89	0.95	0.95	0.95	-0.15	ILGFX
ILGJX	0.79	1.0	1.0	1.0		0.89	0.95	0.95	0.95	-0.15	ILGJX
SSCVX	0.68	0.89	0.89	0.89	0.89		0.97	0.97	0.97	-0.22	SSCVX
ILVBX	0.79	0.95	0.95	0.95	0.95	0.97		1.0	1.0	-0.17	ILVBX
ILVFX	0.8	0.95	0.95	0.95	0.95	0.97	1.0		1.0	-0.17	ILVFX
ILVEX	0.8	0.95	0.95	0.95	0.95	0.97	1.0	1.0		-0.17	ILVEX
LHIAX	0.06	-0.15	-0.15	-0.15	-0.15	-0.22	-0.17	-0.17	-0.17		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
ILGFX	+ 1.0	ILGCX
ILGJX	+ 1.0	ILGCX
ILGFX	+ 1.0	ILGGX
ILGJX	+ 1.0	ILGGX
ILGJX	+ 1.0	ILGFX

High negative correlations

LHIAX	- 0.22	SSCVX
LHIAX	- 0.17	ILVEX
LHIAX	- 0.17	ILVFX
LHIAX	- 0.17	ILVBX
LHIAX	- 0.15	ILGJX
LHIAX	- 0.15	ILGFX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Greater 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 Greater'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	0.74	0.01	0.01	0.13	1.11	(0.72)	1.49	(2.11)	4.98
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

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