Columbia Large Correlations

CCMAX Fund

USD 9.55 0.03 0.31%

The current 90-days correlation between Columbia Large Cap and Mfs Diversified Income is 0.65 (i.e., Poor diversification). The correlation of Columbia Large 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 Large Correlation With Market

Significant diversification

The correlation between Columbia Large Cap and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Large Cap 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 Large Cap. 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 nation.

Moving together with Columbia Mutual Fund

0.91	PCBIX	Midcap Fund Institutional	Pair Corr
0.9	PEMGX	Midcap Fund Class	Pair Corr
0.9	PMBCX	Midcap Fund Class	Pair Corr
0.72	CISGX	Touchstone Sands Capital	Pair Corr
0.65	GE	GE Aerospace	Pair Corr
0.9	JPM	JPMorgan Chase	Pair Corr
0.61	HD	Home Depot	Pair Corr
0.62	AXP	American Express	Pair Corr
0.76	WMT	Walmart	Pair Corr
0.64	MMM	3M Company	Pair Corr

Related Correlations Analysis

	DIFIX	QDARX	FHCOX	PQCNX	WCAFX	DLTZX	TIICX
DIFIX		0.88	0.88	0.95	0.96	0.93	0.75	DIFIX
QDARX	0.88		0.96	0.92	0.79	0.96	0.54	QDARX
FHCOX	0.88	0.96		0.92	0.78	0.97	0.53	FHCOX
PQCNX	0.95	0.92	0.92		0.92	0.97	0.57	PQCNX
WCAFX	0.96	0.79	0.78	0.92		0.85	0.78	WCAFX
DLTZX	0.93	0.96	0.97	0.97	0.85		0.54	DLTZX
TIICX	0.75	0.54	0.53	0.57	0.78	0.54		TIICX
	DIFIX	QDARX	FHCOX	PQCNX	WCAFX	DLTZX	TIICX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Large 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 Large'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
DIFIX	0.27	0.03	0.28	1.45	0.21	(0.33)	0.58	(0.41)	1.51
QDARX	0.08	0.03	0.89	(1.21)	0.00	(0.13)	0.25	(0.08)	0.49
FHCOX	0.05	0.01	0.00	(0.60)	0.00	0.00	0.10	(0.10)	0.51
PQCNX	0.24	0.04	0.35	0.63	0.11	(0.31)	0.59	(0.36)	1.43
WCAFX	0.22	0.02	0.24	0.41	0.21	(0.29)	0.45	(0.45)	1.62
DLTZX	0.08	0.02	0.54	7.24	0.00	(0.18)	0.26	(0.13)	0.64
TIICX	0.36	0.02	0.21	0.95	0.32	(0.47)	0.78	(0.58)	1.57

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Columbia Large Correlations

Columbia Large Correlation With Market

Significant diversification

Moving together with Columbia Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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