Columbia Disciplined Correlations
AQEAX Fund | USD 14.23 0.25 1.79% |
The current 90-days correlation between Columbia Disciplined and Msift High Yield is 0.65 (i.e., Poor 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 E and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Disciplined E and DJI in the same portfolio, assuming nothing else is changed.
Columbia |
Moving together with Columbia Mutual Fund
0.94 | ILGCX | Columbia Integrated Large | PairCorr |
0.99 | ILGGX | Columbia Integrated Large | PairCorr |
0.99 | ILGJX | Columbia Integrated Large | PairCorr |
0.94 | SSCVX | Columbia Select Smaller | PairCorr |
0.83 | ILVBX | Columbia Integrated Large | PairCorr |
0.83 | ILVFX | Columbia Integrated Large | PairCorr |
0.65 | IMRFX | Columbia Global Oppo | PairCorr |
0.92 | LIACX | Columbia Acorn | PairCorr |
0.98 | SCICX | Columbia Seligman | PairCorr |
0.91 | PHIKX | Columbia Vertible | PairCorr |
0.63 | INDZX | Columbia Diversified | PairCorr |
0.95 | CGOAX | Columbia Small Cap | PairCorr |
0.99 | NSGAX | Columbia Select Large | PairCorr |
0.93 | UMLAX | Columbia Select Large | PairCorr |
Moving against Columbia Mutual Fund
0.66 | LIBAX | Columbia Total Return | PairCorr |
0.62 | CUSOX | Columbia Ultra Short | PairCorr |
0.55 | SRIJX | Columbia Corporate Income | PairCorr |
0.49 | LIIAX | Columbia Porate Income | PairCorr |
0.7 | UMMDX | Columbia Bond | PairCorr |
0.62 | NSTRX | Columbia Short Term | PairCorr |
0.55 | PISDX | Columbia Pyrford Int | PairCorr |
0.55 | PISQX | Columbia Pyrford Int | PairCorr |
0.54 | PISLX | Columbia Pyrford Int | PairCorr |
0.54 | PISOX | Columbia Pyrford Int | PairCorr |
0.54 | PISJX | Columbia Pyrford Int | PairCorr |
0.54 | NSMMX | Columbia Short Term | PairCorr |
0.31 | NACMX | Columbia Amt Free | PairCorr |
Related Correlations Analysis
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
MRHYX | 0.13 | 0.00 | 0.16 | (0.03) | 0.13 | 0.24 | 0.95 | |||
AQRRX | 0.49 | 0.02 | 0.09 | (0.31) | 0.63 | 1.02 | 3.50 | |||
ABTHX | 0.25 | (0.01) | 0.00 | (0.63) | 0.00 | 0.49 | 1.64 | |||
PHDTX | 0.12 | 0.00 | 0.14 | 0.08 | 0.13 | 0.22 | 0.79 | |||
JCTFX | 0.24 | (0.01) | 0.06 | (0.17) | 0.34 | 0.43 | 2.30 | |||
GHVIX | 0.16 | 0.00 | 0.18 | (0.11) | 0.16 | 0.30 | 1.01 | |||
ARCIX | 0.54 | 0.12 | 0.19 | (1.90) | 0.51 | 1.22 | 4.94 |