Columbia Balanced Correlations

CBLCX Fund

USD 51.00 0.43 0.85%

The correlation of Columbia Balanced 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 Balanced Correlation With Market

Good diversification

The correlation between Columbia Balanced Fund and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Balanced Fund 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 Balanced Fund. 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 main economic indicators.

Moving together with Columbia Mutual Fund

0.82	ILGCX	Columbia Integrated Large	Pair Corr
0.88	ILGGX	Columbia Integrated Large	Pair Corr
0.88	ILGJX	Columbia Integrated Large	Pair Corr
0.77	SSCVX	Columbia Select Smaller	Pair Corr
0.94	ILVBX	Columbia Integrated Large	Pair Corr
0.94	ILVFX	Columbia Integrated Large	Pair Corr
0.88	IMRFX	Columbia Global Oppo	Pair Corr
0.76	CFIGX	Columbia Flexible Capital	Pair Corr
0.74	CFIAX	Columbia Flexible Capital	Pair Corr
0.7	LIACX	Columbia Acorn	Pair Corr
0.75	SCICX	Columbia Seligman	Pair Corr
0.89	PHIKX	Columbia Vertible	Pair Corr
0.82	INDZX	Columbia Diversified	Pair Corr
0.8	CGOAX	Columbia Small Cap	Pair Corr
0.91	AQEAX	Columbia Disciplined	Pair Corr
0.77	SVLCX	Columbia Select Large	Pair Corr
0.91	NSGAX	Columbia Select Large	Pair Corr
0.8	UMLAX	Columbia Select Large	Pair Corr

Moving against Columbia Mutual Fund

0.36	LIBAX	Columbia Total Return	Pair Corr
0.39	UMMDX	Columbia Bond	Pair Corr
0.32	PISDX	Columbia Pyrford Int	Pair Corr
0.32	PISOX	Columbia Pyrford Int	Pair Corr
0.32	PISJX	Columbia Pyrford Int	Pair Corr
0.31	NSTRX	Columbia Short Term	Pair Corr

Related Correlations Analysis

	XJMMX	ZEMIX	FWOKX	REMVX	DBELX	EPASX
XJMMX		0.69	0.73	0.72	0.79	0.66	XJMMX
ZEMIX	0.69		0.92	0.92	0.9	0.89	ZEMIX
FWOKX	0.73	0.92		0.84	0.87	0.78	FWOKX
REMVX	0.72	0.92	0.84		0.96	0.97	REMVX
DBELX	0.79	0.9	0.87	0.96		0.93	DBELX
EPASX	0.66	0.89	0.78	0.97	0.93		EPASX
	XJMMX	ZEMIX	FWOKX	REMVX	DBELX	EPASX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Balanced 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 Balanced'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
XJMMX	0.19	(0.01)	0.09	0.09	0.22	(0.26)	0.46	(0.46)	0.92
ZEMIX	0.75	0.07	0.09	0.15	0.93	(0.82)	1.70	(1.67)	5.50
FWOKX	0.74	0.09	0.09	0.11	1.02	(0.74)	1.38	(1.45)	6.10
REMVX	0.80	0.06	0.09	(1.19)	0.94	(0.87)	1.67	(1.56)	5.76
DBELX	0.33	0.02	0.16	2.30	0.28	(0.44)	0.71	(0.58)	1.78
EPASX	0.54	0.01	0.05	0.04	0.67	(0.57)	1.02	(1.17)	3.67

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