Columbia Total Correlations

CBNRX Fund

USD 30.08 0.00 0.00%

The current 90-days correlation between Columbia Total Return and Massmutual Premier Diversified is -0.21 (i.e., Very good 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. 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 metropolitan statistical area.

Moving together with Columbia Mutual Fund

1.0	CUVRX	Columbia Government	Pair Corr
0.82	CDLRX	Columbia Limited Duration	Pair Corr
0.67	CEBSX	Columbia Emerging Markets	Pair Corr

Moving against Columbia Mutual Fund

0.84	CDAZX	Multi Manager Direct	Pair Corr
0.77	CUURX	Columbia Small Cap	Pair Corr
0.73	CUSBX	Columbia Ultra Short	Pair Corr
0.71	CDORX	Columbia Dividend	Pair Corr
0.67	CUSHX	Columbia Ultra Short	Pair Corr
0.47	CDEYX	Columbia Diversified	Pair Corr
0.39	CDDYX	Columbia Dividend Income	Pair Corr
0.38	CDDRX	Columbia Dividend Income	Pair Corr
0.37	CDIRX	Columbia Dividend Income	Pair Corr
0.34	CDOYX	Columbia Dividend	Pair Corr
0.33	CDOZX	Columbia Dividend	Pair Corr
0.8	CECFX	Columbia Large Cap	Pair Corr
0.72	CEARX	Columbia Acorn	Pair Corr
0.7	CVVRX	Columbia Small Cap	Pair Corr
0.63	CVIRX	Columbia Dividend Income	Pair Corr
0.59	CECYX	Columbia Large Cap	Pair Corr
0.56	CEVYX	Columbia Global Equity	Pair Corr
0.46	CDVZX	Columbia Diversified	Pair Corr
0.38	SSVIX	Columbia Select Smaller	Pair Corr
0.34	CVQZX	Columbia Disciplined	Pair Corr
0.33	CVERX	Columbia Mid Cap	Pair Corr
0.84	CLM	Cornerstone Strategic	Pair Corr
0.81	CFLRX	Columbia Floating Rate	Pair Corr
0.78	SCIOX	Columbia Seligman	Pair Corr
0.77	CFRZX	Columbia Floating Rate	Pair Corr
0.77	CFRYX	Columbia Floating Rate	Pair Corr
0.73	GEGTX	Columbia Large Cap	Pair Corr

Related Correlations Analysis

	MDBLX	LIGFX	FZABX	USCAX	QDARX	SIGWX	ODIDX	HUDEX
MDBLX		0.13	0.64	-0.16	0.27	-0.2	-0.47	-0.27	MDBLX
LIGFX	0.13		-0.1	0.9	-0.6	0.86	0.7	0.88	LIGFX
FZABX	0.64	-0.1		-0.39	0.64	-0.39	-0.59	-0.32	FZABX
USCAX	-0.16	0.9	-0.39		-0.67	0.96	0.78	0.92	USCAX
QDARX	0.27	-0.6	0.64	-0.67		-0.68	-0.79	-0.61	QDARX
SIGWX	-0.2	0.86	-0.39	0.96	-0.68		0.75	0.87	SIGWX
ODIDX	-0.47	0.7	-0.59	0.78	-0.79	0.75		0.87	ODIDX
HUDEX	-0.27	0.88	-0.32	0.92	-0.61	0.87	0.87		HUDEX
	MDBLX	LIGFX	FZABX	USCAX	QDARX	SIGWX	ODIDX	HUDEX

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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

SIGWX	+ 0.96	USCAX
HUDEX	+ 0.92	USCAX
USCAX	+ 0.9	LIGFX
HUDEX	+ 0.88	LIGFX
HUDEX	+ 0.87	SIGWX
HUDEX	+ 0.87	ODIDX

High negative correlations

ODIDX	- 0.79	QDARX
SIGWX	- 0.68	QDARX
QDARX	- 0.67	USCAX
HUDEX	- 0.61	QDARX
QDARX	- 0.6	LIGFX
ODIDX	- 0.59	FZABX

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
MDBLX	0.22	(0.03)	0.00	(5.23)	0.00	0.00	0.37	(0.60)	1.35
LIGFX	0.24	(0.01)	(0.25)	0.05	0.22	(0.29)	0.55	(0.43)	1.23
FZABX	0.74	(0.17)	0.00	(0.21)	0.00	0.00	1.18	(1.27)	4.32
USCAX	0.87	(0.01)	0.04	0.08	0.77	(1.03)	2.07	(1.49)	7.45
QDARX	0.10	(0.03)	0.00	(0.32)	0.00	0.00	0.16	(0.24)	0.73
SIGWX	0.75	(0.05)	(0.03)	0.05	1.00	(0.84)	1.53	(1.32)	9.10
ODIDX	0.07	0.03	0.00	1.09	0.00	0.00	0.11	(0.11)	0.44
HUDEX	0.60	0.01	0.02	0.10	0.49	(0.69)	1.58	(0.91)	5.46

Columbia Total 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 Total mutual fund to make a market-neutral strategy. Peer analysis of Columbia Total could also be used in its relative valuation, which is a method of valuing Columbia Total by comparing valuation metrics with similar companies.

Massmutual Premier Diversified Lord Abbett Diversified Fidelity Advisor Diversified Small Cap Stock Aqr Diversified Arbitrage Sentinel Small Pany Oaktree Diversifiedome Huber Capital Diversified American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

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