Columbia Total Correlations

CBADX Fund

USD 20.95 0.09 0.43%

The current 90-days correlation between Columbia Total Return and Sentinel Small Pany is 0.13 (i.e., Average diversification). The correlation of Columbia Total 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 Total Correlation With Market

Significant diversification

The correlation between Columbia Total Return and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Total Return 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 Total Return. 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 unemployment.

Moving together with Columbia Mutual Fund

0.65	VGTSX	Vanguard Total Inter	Pair Corr
0.64	VTIAX	Vanguard Total Inter	Pair Corr
0.83	PFHCX	Pacific Funds Small	Pair Corr

Moving against Columbia Mutual Fund

0.61	AMFEX	Aama Equity Fund	Pair Corr
0.61	FGCKX	Fidelity Growth Pany	Pair Corr
0.6	ANCFX	American Funds Funda	Pair Corr
0.59	VFIAX	Vanguard 500 Index	Pair Corr
0.59	VFINX	Vanguard 500 Index	Pair Corr
0.59	VFFSX	Vanguard 500 Index	Pair Corr
0.58	VTSAX	Vanguard Total Stock	Pair Corr
0.58	VTSMX	Vanguard Total Stock	Pair Corr
0.58	VITSX	Vanguard Total Stock	Pair Corr
0.58	VSTSX	Vanguard Total Stock	Pair Corr
0.58	VSMPX	Vanguard Total Stock	Pair Corr
0.55	FSMDX	Fidelity Mid Cap	Pair Corr
0.55	AMLPX	Maingate Mlp	Pair Corr
0.54	HSPCX	Emerald Growth	Pair Corr
0.51	PXSAX	Pax Small Cap	Pair Corr
0.5	DUSLX	Dfa Large	Pair Corr
0.49	FOCKX	Fidelity Otc Portfolio	Pair Corr
0.47	NICSX	Nicholas Fund	Pair Corr
0.93	APHPX	Artisan Global Uncon	Pair Corr
0.79	JFIRX	Floating Rate Income	Pair Corr
0.72	CUSHX	Columbia Ultra Short	Pair Corr
0.7	TWQAX	Transamerica Large Cap	Pair Corr
0.69	ARGFX	Ariel Fund Investor	Pair Corr
0.68	FNPIX	Financials Ultrasector	Pair Corr
0.65	PGTIX	T Rowe Price	Pair Corr
0.6	BEQGX	Equity Growth	Pair Corr
0.6	USA	Liberty All Star	Pair Corr
0.57	MITGX	Massachusetts Investors	Pair Corr

Related Correlations Analysis

	SIGWX	MDSKX	XHNWX	DTICX	OIDAX	WMCVX	FZABX	JDJRX
SIGWX		0.98	0.25	-0.17	-0.62	0.87	-0.39	-0.24	SIGWX
MDSKX	0.98		0.23	-0.22	-0.66	0.87	-0.43	-0.23	MDSKX
XHNWX	0.25	0.23		0.68	0.21	0.26	0.29	0.36	XHNWX
DTICX	-0.17	-0.22	0.68		0.61	-0.13	0.58	0.61	DTICX
OIDAX	-0.62	-0.66	0.21	0.61		-0.45	0.9	0.59	OIDAX
WMCVX	0.87	0.87	0.26	-0.13	-0.45		-0.17	-0.33	WMCVX
FZABX	-0.39	-0.43	0.29	0.58	0.9	-0.17		0.56	FZABX
JDJRX	-0.24	-0.23	0.36	0.61	0.59	-0.33	0.56		JDJRX
	SIGWX	MDSKX	XHNWX	DTICX	OIDAX	WMCVX	FZABX	JDJRX

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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

MDSKX	+ 0.98	SIGWX
FZABX	+ 0.9	OIDAX
WMCVX	+ 0.87	SIGWX
WMCVX	+ 0.87	MDSKX
DTICX	+ 0.68	XHNWX
OIDAX	+ 0.61	DTICX

High negative correlations

OIDAX	- 0.66	MDSKX
OIDAX	- 0.62	SIGWX
WMCVX	- 0.45	OIDAX
FZABX	- 0.43	MDSKX
FZABX	- 0.39	SIGWX
JDJRX	- 0.33	WMCVX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Total 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 Total'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
SIGWX	0.75	(0.05)	(0.03)	0.05	1.00	(0.84)	1.53	(1.32)	9.10
MDSKX	0.94	(0.05)	0.00	0.06	1.17	(0.98)	2.08	(1.62)	11.01
XHNWX	0.15	(0.02)	0.00	(0.34)	0.00	0.00	0.23	(0.61)	1.38
DTICX	0.06	(0.01)	0.00	0.68	0.00	0.00	0.13	(0.13)	0.51
OIDAX	0.59	(0.10)	0.00	(0.14)	0.00	0.00	1.16	(1.04)	4.20
WMCVX	1.06	(0.23)	0.00	(0.04)	0.00	0.00	1.99	(1.49)	21.12
FZABX	0.74	(0.17)	0.00	(0.21)	0.00	0.00	1.18	(1.27)	4.32
JDJRX	0.44	(0.01)	(0.11)	0.06	0.50	(0.47)	1.00	(0.88)	2.54

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