Columbia Acorn Correlations

Summary

CAEEXDelisted Fund

USD 24.98 0.00 0.00%

The current 90-days correlation between Columbia Acorn European and Columbia Acorn European is 1.0 (i.e., No risk reduction). The correlation of Columbia Acorn 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 Acorn Correlation With Market

Good diversification

The correlation between Columbia Acorn European and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Acorn European and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. 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 income.

Moving against Columbia Mutual Fund

0.54	FHJUX	Fidelity Europe	Pair Corr
0.53	FHJTX	Fidelity Europe	Pair Corr
0.51	VESIX	Vanguard European Stock	Pair Corr
0.51	VEUPX	Vanguard European Stock	Pair Corr
0.51	VEURX	Vanguard European Stock	Pair Corr
0.5	AEDRX	Invesco European Growth	Pair Corr
0.49	AEDYX	Invesco European Growth	Pair Corr
0.49	AEGSX	Invesco European Growth	Pair Corr
0.48	VEUSX	Vanguard European Stock	Pair Corr
0.48	CIUEX	Six Circles International	Pair Corr
0.43	NRABX	Neuberger Berman Absolute	Pair Corr

Related Correlations Analysis

	CAECX	AWEIX	BTBFX	AIAFX	CLOFX
CAECX		-0.11	-0.19	-0.39	-0.23	CAECX
AWEIX	-0.11		0.63	0.25	-0.1	AWEIX
BTBFX	-0.19	0.63		0.67	0.43	BTBFX
AIAFX	-0.39	0.25	0.67		0.73	AIAFX
CLOFX	-0.23	-0.1	0.43	0.73		CLOFX
	CAECX	AWEIX	BTBFX	AIAFX	CLOFX

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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

CLOFX	+ 0.73	AIAFX
AIAFX	+ 0.67	BTBFX
BTBFX	+ 0.63	AWEIX
CLOFX	+ 0.43	BTBFX
AIAFX	+ 0.25	AWEIX

High negative correlations

AIAFX	- 0.39	CAECX
CLOFX	- 0.23	CAECX
BTBFX	- 0.19	CAECX
AWEIX	- 0.11	CAECX
CLOFX	- 0.1	AWEIX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Acorn 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 Acorn'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
CAECX	0.80	0.04	0.01	(0.21)	1.07	(0.78)	1.72	(1.84)	5.54
AWEIX	0.58	(0.04)	0.00	0.64	0.00	0.00	0.88	(1.56)	7.14
BTBFX	0.46	(0.07)	0.00	(0.71)	0.00	0.00	0.66	(0.91)	8.08
AIAFX	0.55	(0.20)	0.00	(1.17)	0.00	0.00	0.87	(1.13)	5.18
CLOFX	0.76	(0.16)	0.00	8.92	0.00	0.00	1.40	(1.67)	4.55

Columbia Acorn Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Columbia Acorn mutual fund to make a market-neutral strategy. Peer analysis of Columbia Acorn could also be used in its relative valuation, which is a method of valuing Columbia Acorn by comparing valuation metrics with similar companies.

Columbia Acorn European Invesco Disciplined Equity Boston Trust Asset Alpine Global Infrastructure Columbia Acorn European American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot International Business Machines

Risk & Return

Correlation

Still Interested in Columbia Acorn European?

Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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