Columbia Vertible Correlations

PACIX Fund

USD 22.37 0.02 0.09%

The current 90-days correlation between Columbia Vertible and Franklin Vertible Securities is 0.74 (i.e., Poor diversification). The correlation of Columbia Vertible 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 Vertible Correlation With Market

Weak diversification

The correlation between Columbia Vertible Securities and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Vertible Securities and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Columbia Vertible Securities. 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 gross domestic product.

Moving together with Columbia Mutual Fund

0.76	CFIGX	Columbia Flexible Capital	Pair Corr
0.82	CFIAX	Columbia Flexible Capital	Pair Corr
0.84	LIACX	Columbia Acorn	Pair Corr
0.94	PHIKX	Columbia Convertible	Pair Corr
0.84	INEAX	Columbia High Yield	Pair Corr
0.67	LITAX	Columbia Amt Free	Pair Corr
0.92	CGOAX	Columbia Small Cap	Pair Corr
0.67	NSGAX	Columbia Select Large	Pair Corr
0.72	NSMMX	Columbia Short Term	Pair Corr
0.64	NSTRX	Columbia Short Term	Pair Corr
0.66	RBBAX	Columbia Income Builder	Pair Corr
0.63	RBBCX	Columbia Income Builder	Pair Corr

Related Correlations Analysis

	FISCX	NSGAX	CCVIX	MCOAX	LACFX
FISCX		0.8	0.94	0.86	0.78	FISCX
NSGAX	0.8		0.78	0.72	0.69	NSGAX
CCVIX	0.94	0.78		0.81	0.91	CCVIX
MCOAX	0.86	0.72	0.81		0.55	MCOAX
LACFX	0.78	0.69	0.91	0.55		LACFX
	FISCX	NSGAX	CCVIX	MCOAX	LACFX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Vertible 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 Vertible'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
FISCX	0.46	0.02	(0.04)	0.15	0.65	(0.48)	1.09	(0.86)	3.49
NSGAX	0.70	0.02	(0.05)	(1.02)	1.07	(0.69)	1.27	(1.62)	5.52
CCVIX	0.53	0.04	(0.02)	0.22	0.61	(0.60)	1.09	(0.92)	3.48
MCOAX	0.38	(0.01)	(0.11)	0.03	0.57	(0.38)	0.79	(0.59)	2.85
LACFX	0.55	0.08	0.03	0.39	0.60	(0.63)	1.13	(1.04)	3.90

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Columbia Vertible Correlations

Columbia Vertible Correlation With Market

Weak diversification

Moving together with Columbia Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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