Columbia Disciplined Correlations

RDLAX Fund

USD 11.95 0.08 0.67%

The current 90-days correlation between Columbia Disciplined and Columbia Ultra Short is -0.28 (i.e., Very good diversification). The correlation of Columbia Disciplined 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 Disciplined Correlation With Market

Poor diversification

The correlation between Columbia Disciplined Growth and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Disciplined Growth 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 Disciplined Growth. 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

0.76	CUSOX	Columbia Ultra Short	Pair Corr
0.99	ILGCX	Columbia Integrated Large	Pair Corr
0.99	ILGGX	Columbia Integrated Large	Pair Corr
0.99	ILGJX	Columbia Integrated Large	Pair Corr
0.86	SSCVX	Columbia Select Smaller	Pair Corr
0.91	ILVFX	Columbia Integrated Large	Pair Corr
0.88	ILVEX	Columbia Integrated Large	Pair Corr
0.91	CFIGX	Columbia Flexible Capital	Pair Corr
0.91	CFIAX	Columbia Flexible Capital	Pair Corr
0.97	LIACX	Columbia Acorn	Pair Corr
0.98	SCICX	Columbia Seligman	Pair Corr
0.94	PHIKX	Columbia Convertible	Pair Corr
0.92	INUTX	Columbia Dividend	Pair Corr
0.95	CGOAX	Columbia Small Cap	Pair Corr
0.94	AQEAX	Columbia Disciplined	Pair Corr
0.91	SVLCX	Columbia Select Large	Pair Corr
0.98	NSGAX	Columbia Select Large	Pair Corr
0.86	NBICX	Columbia Capital All	Pair Corr
0.88	NBIAX	Columbia Capital All	Pair Corr
0.94	NTIAX	Columbia Mid Cap	Pair Corr
0.94	RBGCX	Columbia Capital All	Pair Corr
0.98	SHGTX	Columbia Seligman Global	Pair Corr
0.98	SHTCX	Columbia Seligman Global	Pair Corr
0.99	NEIAX	Columbia Large Cap	Pair Corr

Moving against Columbia Mutual Fund

0.72	LIBAX	Columbia Total Return	Pair Corr
0.58	LIIAX	Columbia Porate Income	Pair Corr
0.55	PISLX	Columbia Pyrford Int	Pair Corr
0.55	PISOX	Columbia Pyrford Int	Pair Corr
0.38	NACMX	Columbia Amt Free	Pair Corr
0.78	AUGCX	Columbia Government	Pair Corr
0.75	AUGAX	Columbia Government	Pair Corr
0.73	CLMAX	Columbia Mortgage	Pair Corr
0.61	CLSCX	Columbia Strategic Income	Pair Corr
0.57	COSIX	Columbia Strategic Income	Pair Corr
0.54	LAIAX	Columbia Acorn Inter	Pair Corr
0.45	LNYAX	Columbia Amt Free	Pair Corr
0.45	COEAX	Columbia Amt Free	Pair Corr
0.34	ABDAX	Columbia Capital All	Pair Corr

Related Correlations Analysis

	CUSOX	SSCVX	ILVBX	ILVFX	ILVEX	LHIAX
CUSOX		0.68	0.79	0.8	0.79	-0.01	CUSOX
SSCVX	0.68		0.97	0.97	0.93	-0.24	SSCVX
ILVBX	0.79	0.97		1.0	0.97	-0.21	ILVBX
ILVFX	0.8	0.97	1.0		0.97	-0.21	ILVFX
ILVEX	0.79	0.93	0.97	0.97		-0.19	ILVEX
LHIAX	-0.01	-0.24	-0.21	-0.21	-0.19		LHIAX
	CUSOX	SSCVX	ILVBX	ILVFX	ILVEX	LHIAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

ILVFX	+ 1.0	ILVBX
ILVBX	+ 0.97	SSCVX
ILVFX	+ 0.97	SSCVX
ILVEX	+ 0.97	ILVBX
ILVEX	+ 0.97	ILVFX
ILVEX	+ 0.93	SSCVX

High negative correlations

LHIAX	- 0.24	SSCVX
LHIAX	- 0.21	ILVFX
LHIAX	- 0.21	ILVBX
LHIAX	- 0.19	ILVEX
LHIAX	- 0.01	CUSOX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Disciplined 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 Disciplined'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
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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC