Columbia Dividend Correlations
| CDDRX Fund | USD 34.43 0.34 1.00% |
The current 90-days correlation between Columbia Dividend Income and Blackrock Global Longshort is 0.3 (i.e., Weak diversification). The correlation of Columbia Dividend 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 Dividend Correlation With Market
Good diversification
The correlation between Columbia Dividend Income and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Dividend Income and DJI in the same portfolio, assuming nothing else is changed.
Columbia |
Moving together with Columbia Mutual Fund
| 0.72 | CDAZX | Multi-manager Directional | PairCorr |
| 1.0 | CDDYX | Columbia Dividend Income | PairCorr |
| 0.95 | CDEYX | Columbia Diversified | PairCorr |
| 0.92 | CDIRX | Columbia Dividend Income | PairCorr |
| 0.87 | AMTCX | Columbia Capital All | PairCorr |
| 0.96 | CDOZX | Columbia Dividend | PairCorr |
| 0.87 | CDOYX | Columbia Dividend | PairCorr |
| 0.85 | CDVZX | Columbia Diversified | PairCorr |
| 0.76 | CVQZX | Columbia Disciplined | PairCorr |
| 0.66 | CEPRX | Columbia Income Oppo | PairCorr |
| 0.95 | CEVYX | Columbia Global Equity | PairCorr |
| 0.82 | CEVZX | Columbia Global Equity | PairCorr |
| 0.75 | RPCCX | Columbia Capital All | PairCorr |
| 0.97 | CFCYX | Columbia Flexible Capital | PairCorr |
| 0.9 | CFIZX | Columbia Flexible Capital | PairCorr |
| 0.97 | CFXRX | Columbia Flexible Capital | PairCorr |
| 0.75 | APECX | Columbia High Yield | PairCorr |
| 0.74 | CGEZX | Columbia Select Global | PairCorr |
Related Correlations Analysis
| 0.94 | 0.89 | 0.94 | 0.76 | 0.89 | 0.89 | BDMKX | ||
| 0.94 | 0.94 | 0.96 | 0.7 | 0.94 | 0.89 | DMBAX | ||
| 0.89 | 0.94 | 0.95 | 0.61 | 1.0 | 0.86 | CMGUX | ||
| 0.94 | 0.96 | 0.95 | 0.62 | 0.96 | 0.91 | BIIPX | ||
| 0.76 | 0.7 | 0.61 | 0.62 | 0.63 | 0.65 | FMUUX | ||
| 0.89 | 0.94 | 1.0 | 0.96 | 0.63 | 0.86 | DULTX | ||
| 0.89 | 0.89 | 0.86 | 0.91 | 0.65 | 0.86 | PSTQX | ||
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Risk-Adjusted Indicators
There is a big difference between Columbia Mutual Fund performing well and Columbia Dividend 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 Dividend'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BDMKX | 0.08 | 0.01 | 0.06 | (0.31) | 0.00 | 0.11 | 0.66 | |||
| DMBAX | 0.05 | 0.01 | 0.05 | (0.40) | 0.00 | 0.16 | 0.31 | |||
| CMGUX | 0.04 | 0.01 | 0.00 | (0.48) | 0.00 | 0.22 | 0.54 | |||
| BIIPX | 0.10 | 0.03 | 0.17 | (1.04) | 0.00 | 0.21 | 0.72 | |||
| FMUUX | 0.03 | 0.00 | 0.00 | (0.05) | 0.00 | 0.10 | 0.40 | |||
| DULTX | 0.04 | 0.01 | 0.00 | (0.57) | 0.00 | 0.40 | 0.51 | |||
| PSTQX | 0.11 | 0.02 | 0.13 | 0.82 | 0.00 | 0.29 | 0.67 |