Columbia Contrarian Correlations

SMGIX Fund

USD 36.11 0.34 0.95%

The current 90-days correlation between Columbia Trarian Core and Columbia Large Cap is 0.53 (i.e., Very weak diversification). The correlation of Columbia Contrarian 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 Contrarian Correlation With Market

Average diversification

The correlation between Columbia Trarian Core and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Trarian Core and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Columbia Trarian Core. 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

0.67	SRINX	Columbia Porate Income	Pair Corr
0.66	CUTRX	Columbia Treasury Index	Pair Corr
0.66	CDAZX	Multi-manager Directional	Pair Corr
0.7	CUTYX	Columbia Treasury Index	Pair Corr
0.92	CDDYX	Columbia Dividend Income	Pair Corr
0.92	CDDRX	Columbia Dividend Income	Pair Corr
0.92	CDEYX	Columbia Diversified	Pair Corr
0.92	CDIRX	Columbia Dividend Income	Pair Corr
0.81	AMTCX	Columbia Capital All	Pair Corr
0.92	CDOZX	Columbia Dividend	Pair Corr
0.94	CDOYX	Columbia Dividend	Pair Corr
0.96	CVERX	Columbia Mid Cap	Pair Corr
0.95	CDVZX	Columbia Diversified	Pair Corr
0.98	CVQZX	Columbia Disciplined	Pair Corr
0.97	CECYX	Columbia Large Cap	Pair Corr
0.88	SSVIX	Columbia Select Smaller	Pair Corr
0.87	CEVYX	Columbia Global Equity	Pair Corr
0.87	CEVZX	Columbia Global Equity	Pair Corr
0.72	RPCCX	Columbia Capital All	Pair Corr
0.63	CFCYX	Columbia Flexible Capital	Pair Corr
0.63	CFIZX	Columbia Flexible Capital	Pair Corr
0.92	SCIRX	Columbia Seligman	Pair Corr
0.7	LIBCX	Columbia Total Return	Pair Corr
0.87	SCMIX	Columbia Seligman	Pair Corr
0.67	CFXRX	Columbia Flexible Capital	Pair Corr
0.89	CGEZX	Columbia Select Global	Pair Corr

Moving against Columbia Mutual Fund

0.48	CUSBX	Columbia Ultra Short	Pair Corr
0.53	CFRZX	Columbia Floating Rate	Pair Corr
0.41	CFRYX	Columbia Floating Rate	Pair Corr

Related Correlations Analysis

	GEGTX	GSFTX	CBALX	JGMRX	WCEYX
GEGTX		0.53	0.53	0.56	0.55	GEGTX
GSFTX	0.53		0.92	0.94	0.95	GSFTX
CBALX	0.53	0.92		0.95	0.91	CBALX
JGMRX	0.56	0.94	0.95		0.91	JGMRX
WCEYX	0.55	0.95	0.91	0.91		WCEYX
	GEGTX	GSFTX	CBALX	JGMRX	WCEYX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Contrarian 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 Contrarian'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
GEGTX	0.89	(0.01)	(0.05)	1.67	(2.20)	6.64
GSFTX	0.54	(0.07)	(0.23)	0.93	(1.05)	6.57
CBALX	0.50	(0.07)	(2.33)	0.77	(1.18)	6.69
JGMRX	0.82	(0.11)	(0.61)	1.52	(1.77)	10.43
WCEYX	0.76	(0.11)	(0.30)	1.14	(1.66)	12.04

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