Columbia Commodity Correlations

CCFYX Fund

USD 9.98 0.16 1.63%

The current 90-days correlation between Columbia Modity Strategy and Shelton Emerging Markets is 0.09 (i.e., Significant diversification). The correlation of Columbia Commodity 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 Commodity Correlation With Market

Average diversification

The correlation between Columbia Modity Strategy and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Modity Strategy 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 Modity Strategy. 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 manufacturing.

Moving together with Columbia Mutual Fund

0.71	CUSBX	Columbia Ultra Short	Pair Corr
0.64	CFCIX	Columbia Large Cap	Pair Corr
0.74	CFRZX	Columbia Floating Rate	Pair Corr
0.75	CFRYX	Columbia Floating Rate	Pair Corr

Moving against Columbia Mutual Fund

0.31	SSVIX	Columbia Select Smaller	Pair Corr
0.36	CXXRX	Columbia Small Cap	Pair Corr

Related Correlations Analysis

	EMSLX	DIHRX	FZNQEX	VFFRX	GLVIX	FITSX
EMSLX		0.84	0.36	0.57	0.63	0.58	EMSLX
DIHRX	0.84		0.47	0.48	0.81	0.72	DIHRX
FZNQEX	0.36	0.47		0.42	0.09	0.91	FZNQEX
VFFRX	0.57	0.48	0.42		0.1	0.59	VFFRX
GLVIX	0.63	0.81	0.09	0.1		0.32	GLVIX
FITSX	0.58	0.72	0.91	0.59	0.32		FITSX
	EMSLX	DIHRX	FZNQEX	VFFRX	GLVIX	FITSX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Commodity 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 Commodity'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
EMSLX	0.66	0.00	0.02	(0.03)	0.99	(0.60)	1.25	(1.36)	3.47
DIHRX	0.54	0.09	0.13	0.18	0.61	(0.60)	1.16	(0.99)	3.68
FZNQEX	0.08	0.00	0.20	(0.11)	0.04	(0.09)	0.19	(0.15)	0.66
VFFRX	0.08	0.01	0.19	0.40	0.00	(0.18)	0.15	(0.15)	0.44
GLVIX	0.79	0.09	0.10	0.14	0.92	(0.83)	1.39	(1.30)	5.20
FITSX	0.27	0.03	0.15	0.30	0.24	(0.32)	0.57	(0.46)	1.60

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