Columbia High Correlations
| APECX Fund | USD 10.91 0.02 0.18% |
The current 90-days correlation between Columbia High Yield and Columbia Real Estate is 0.39 (i.e., Weak diversification). The correlation of Columbia High 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 High Correlation With Market
Significant diversification
The correlation between Columbia High Yield and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia High Yield and DJI in the same portfolio, assuming nothing else is changed.
Columbia |
Moving together with Columbia Mutual Fund
| 0.77 | SRINX | Columbia Porate Income | PairCorr |
| 0.84 | CDAZX | Multi Manager Direct | PairCorr |
| 0.79 | CUURX | Columbia Small Cap | PairCorr |
| 0.66 | CDDYX | Columbia Dividend Income | PairCorr |
| 0.67 | CDDRX | Columbia Dividend Income | PairCorr |
| 0.67 | CDEYX | Columbia Diversified | PairCorr |
| 0.66 | CDIRX | Columbia Dividend Income | PairCorr |
| 0.85 | AMTCX | Columbia Capital All | PairCorr |
| 0.61 | CEBYX | Columbia Emerging Markets | PairCorr |
| 0.79 | CEBRX | Columbia Emerging Markets | PairCorr |
| 0.7 | CECYX | Columbia Large Cap | PairCorr |
| 0.93 | CEPRX | Columbia Income Oppo | PairCorr |
| 0.79 | CEVYX | Columbia Global Equity | PairCorr |
| 0.8 | CEVZX | Columbia Global Equity | PairCorr |
| 0.66 | RPCCX | Columbia Capital All | PairCorr |
| 0.84 | CFCYX | Columbia Flexible Capital | PairCorr |
| 0.84 | CFIZX | Columbia Flexible Capital | PairCorr |
| 0.63 | SCMIX | Columbia Seligman | PairCorr |
| 0.84 | CFXRX | Columbia Flexible Capital | PairCorr |
| 0.81 | CGEZX | Columbia Select Global | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Columbia Mutual Fund performing well and Columbia High 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 High'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CREYX | 0.78 | (0.07) | 0.00 | (0.30) | 0.00 | 1.41 | 5.49 | |||
| NBRFX | 0.81 | (0.11) | 0.00 | (0.40) | 0.00 | 1.30 | 5.48 | |||
| HLPPX | 0.71 | (0.07) | 0.00 | (0.24) | 0.00 | 1.10 | 5.36 | |||
| JYEBX | 0.73 | (0.08) | 0.00 | (0.37) | 0.00 | 1.15 | 5.46 | |||
| TIREX | 0.80 | (0.07) | 0.00 | (0.28) | 0.00 | 1.29 | 5.47 | |||
| ICRPX | 0.77 | (0.07) | 0.00 | (0.37) | 0.00 | 1.27 | 5.17 | |||
| PNDIX | 0.05 | 0.00 | 0.00 | (0.49) | 0.00 | 0.10 | 0.89 | |||
| SEIRX | 0.84 | (0.09) | 0.00 | (0.21) | 0.00 | 1.27 | 5.55 |