Columbia Capital Correlations

AMTCX Fund

USD 10.34 0.08 0.77%

The correlation of Columbia Capital 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 Capital Correlation With Market

Poor diversification

The correlation between Columbia Capital Allocation and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Capital Allocation and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Columbia Capital Allocation. 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 main economic indicators.

Moving together with Columbia Mutual Fund

0.83	CDAZX	Multi-manager Directional	Pair Corr
0.86	CDDYX	Columbia Dividend Income	Pair Corr
0.86	CDDRX	Columbia Dividend Income	Pair Corr
0.88	CDEYX	Columbia Diversified	Pair Corr
0.87	CDIRX	Columbia Dividend Income	Pair Corr
0.8	CDOZX	Columbia Dividend	Pair Corr
0.87	CDOYX	Columbia Dividend	Pair Corr
0.61	CVERX	Columbia Mid Cap	Pair Corr
0.89	CDVZX	Columbia Diversified	Pair Corr
0.87	CVQZX	Columbia Disciplined	Pair Corr
0.68	CECYX	Columbia Large Cap	Pair Corr
0.85	CEVYX	Columbia Global Equity	Pair Corr
0.91	CEVZX	Columbia Global Equity	Pair Corr
0.7	RPCCX	Columbia Capital All	Pair Corr
0.62	GEGTX	Columbia Large Cap	Pair Corr
0.84	CFCYX	Columbia Flexible Capital	Pair Corr
0.65	CFCIX	Columbia Large Cap	Pair Corr
0.91	CFIZX	Columbia Flexible Capital	Pair Corr
0.84	CFXRX	Columbia Flexible Capital	Pair Corr
0.67	APECX	Columbia High Yield	Pair Corr
0.85	CGEZX	Columbia Select Global	Pair Corr

Related Correlations Analysis

	SMSDX	JTMIX	TBLVX	FNOKX	PGFCX	MRMTX	ARTOX	FHRVX
SMSDX		0.75	0.62	0.7	0.93	0.82	0.76	0.98	SMSDX
JTMIX	0.75		0.79	0.98	0.85	0.98	0.83	0.82	JTMIX
TBLVX	0.62	0.79		0.79	0.78	0.79	0.92	0.74	TBLVX
FNOKX	0.7	0.98	0.79		0.81	0.95	0.8	0.77	FNOKX
PGFCX	0.93	0.85	0.78	0.81		0.9	0.91	0.97	PGFCX
MRMTX	0.82	0.98	0.79	0.95	0.9		0.84	0.87	MRMTX
ARTOX	0.76	0.83	0.92	0.8	0.91	0.84		0.86	ARTOX
FHRVX	0.98	0.82	0.74	0.77	0.97	0.87	0.86		FHRVX
	SMSDX	JTMIX	TBLVX	FNOKX	PGFCX	MRMTX	ARTOX	FHRVX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Capital 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 Capital'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
SMSDX	0.22	0.02	0.06	(0.22)	0.26	(0.26)	0.43	(0.51)	1.30
JTMIX	0.30	0.01	0.03	0.03	0.33	(0.33)	0.65	(0.56)	1.88
TBLVX	0.40	0.01	0.02	(0.10)	0.49	(0.41)	0.79	(0.78)	2.39
FNOKX	0.52	0.02	0.03	0.04	0.63	(0.54)	1.07	(1.12)	3.14
PGFCX	0.29	0.00	0.00	0.03	0.38	(0.34)	0.67	(0.48)	1.75
MRMTX	0.31	0.01	0.02	0.02	0.33	(0.35)	0.68	(0.57)	1.84
ARTOX	0.33	(0.02)	0.00	0.18	0.00	0.00	0.63	(0.88)	2.01
FHRVX	0.29	0.01	0.03	(0.08)	0.37	(0.29)	0.56	(0.61)	1.71

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Columbia Capital Correlations

Columbia Capital Correlation With Market

Poor diversification

Moving together with Columbia Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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