Columbia Disciplined Correlations

AQEAX Fund

USD 14.68 0.19 1.31%

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

Weak diversification

The correlation between Columbia Disciplined E and DJI is 0.32 (i.e., Weak 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Columbia Disciplined E. 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

0.88	ILGCX	Columbia Integrated Large	Pair Corr
0.88	ILGGX	Columbia Integrated Large	Pair Corr
0.88	ILGJX	Columbia Integrated Large	Pair Corr
0.95	SSCVX	Columbia Select Smaller	Pair Corr
0.92	ILVBX	Columbia Integrated Large	Pair Corr
0.92	ILVFX	Columbia Integrated Large	Pair Corr
0.62	IMNTX	Columbia Minnesota Tax	Pair Corr
0.74	LIACX	Columbia Acorn	Pair Corr
0.94	SCICX	Columbia Seligman	Pair Corr
0.62	PHIKX	Columbia Convertible	Pair Corr
0.9	INDZX	Columbia Diversified	Pair Corr
0.72	INTAX	Columbia Strategic	Pair Corr
0.82	INUTX	Columbia Dividend	Pair Corr
0.71	CGOAX	Columbia Small Cap	Pair Corr
0.63	PISDX	Columbia Pyrford Int	Pair Corr
0.64	PISLX	Columbia Pyrford Int	Pair Corr
0.64	PISOX	Columbia Pyrford Int	Pair Corr
0.64	PISJX	Columbia Pyrford Int	Pair Corr
0.63	PISQX	Columbia Pyrford Int	Pair Corr
0.81	SVLCX	Columbia Select Large	Pair Corr
0.73	NSGAX	Columbia Select Large	Pair Corr
0.73	NBICX	Columbia Capital All	Pair Corr
0.72	NBIAX	Columbia Capital All	Pair Corr
0.92	NTIAX	Columbia Mid Cap	Pair Corr

Moving against Columbia Mutual Fund

0.64	CUSOX	Columbia Ultra Short	Pair Corr
0.41	NSTRX	Columbia Short Term	Pair Corr

Related Correlations Analysis

	TAMXX	SSAGX	UGSFX	JGIFX	SMAAX	USGFX
TAMXX		0.0	0.0	0.0	0.0	0.0	TAMXX
SSAGX	0.0		0.34	0.08	0.18	0.34	SSAGX
UGSFX	0.0	0.34		0.88	0.82	0.92	UGSFX
JGIFX	0.0	0.08	0.88		0.94	0.95	JGIFX
SMAAX	0.0	0.18	0.82	0.94		0.92	SMAAX
USGFX	0.0	0.34	0.92	0.95	0.92		USGFX
	TAMXX	SSAGX	UGSFX	JGIFX	SMAAX	USGFX

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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

USGFX	+ 0.95	JGIFX
SMAAX	+ 0.94	JGIFX
USGFX	+ 0.92	UGSFX
USGFX	+ 0.92	SMAAX
JGIFX	+ 0.88	UGSFX
SMAAX	+ 0.82	UGSFX

High negative correlations

USGFX	- 0.0	TAMXX
SMAAX	- 0.0	TAMXX
JGIFX	- 0.0	TAMXX
UGSFX	- 0.0	TAMXX
SSAGX	- 0.0	TAMXX

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
TAMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SSAGX	0.06	0.01	0.34	(1.63)	0.00	(0.17)	0.10	(0.10)	0.51
UGSFX	0.26	0.04	0.17	0.34	0.19	(0.32)	0.60	(0.42)	1.63
JGIFX	0.24	0.01	0.11	(0.25)	0.23	(0.28)	0.52	(0.52)	1.43
SMAAX	0.13	0.00	0.09	(0.20)	0.18	(0.15)	0.30	(0.30)	1.09
USGFX	0.25	0.03	0.16	(0.32)	0.19	(0.33)	0.59	(0.42)	1.62

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