Columbia Income Correlations

CEPRX Fund

USD 8.76 0.02 0.23%

The correlation of Columbia Income 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 Income Correlation With Market

Good diversification

The correlation between Columbia Income Opportunities and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Income Opportunities 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 Income Opportunities. 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

0.83	SRINX	Columbia Porate Income	Pair Corr
0.88	CUSBX	Columbia Ultra Short	Pair Corr
0.77	CUTRX	Columbia Treasury Index	Pair Corr
0.81	CUTYX	Columbia Treasury Index	Pair Corr
0.65	CDDYX	Columbia Dividend Income	Pair Corr
0.65	CDDRX	Columbia Dividend Income	Pair Corr
0.64	CDIRX	Columbia Dividend Income	Pair Corr
0.62	CDOYX	Columbia Dividend	Pair Corr
0.78	CEBRX	Columbia Emerging Markets	Pair Corr
0.61	CEKYX	Columbia Emerging Markets	Pair Corr
0.82	RPCCX	Columbia Capital All	Pair Corr
0.73	CFCYX	Columbia Flexible Capital	Pair Corr
0.73	CFIZX	Columbia Flexible Capital	Pair Corr
0.64	CFRZX	Columbia Floating Rate	Pair Corr
0.61	UMEMX	Columbia Emerging Markets	Pair Corr
0.65	CYYYX	Columbia Thermostat	Pair Corr
0.77	UMMGX	Columbia Bond	Pair Corr

Moving against Columbia Mutual Fund

0.45	SSVIX	Columbia Select Smaller	Pair Corr
0.37	CUURX	Columbia Small Cap	Pair Corr
0.43	CGOCX	Columbia Small Cap	Pair Corr
0.41	CXXRX	Columbia Small Cap	Pair Corr
0.39	SCIRX	Columbia Seligman	Pair Corr
0.39	SCMIX	Columbia Seligman	Pair Corr
0.38	CGTRX	Columbia Select Large	Pair Corr
0.37	CGQYX	Columbia Disciplined	Pair Corr
0.37	CGTYX	Columbia Seligman Global Potential Growth	Pair Corr
0.34	CGTUX	Columbia Global Tech	Pair Corr

Related Correlations Analysis

	TCSGX	FHNFX	CGTCX	TWACX	RGVCX	FIKPX
TCSGX		0.96	0.97	0.67	0.97	0.95	TCSGX
FHNFX	0.96		1.0	0.74	1.0	1.0	FHNFX
CGTCX	0.97	1.0		0.72	1.0	1.0	CGTCX
TWACX	0.67	0.74	0.72		0.72	0.73	TWACX
RGVCX	0.97	1.0	1.0	0.72		0.99	RGVCX
FIKPX	0.95	1.0	1.0	0.73	0.99		FIKPX
	TCSGX	FHNFX	CGTCX	TWACX	RGVCX	FIKPX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Income 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 Income'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
TCSGX	0.09	0.00	0.32	0.00	0.00	(0.14)	0.20	(0.10)	0.59
FHNFX	0.23	0.03	0.18	3.11	0.16	(0.26)	0.55	(0.43)	1.31
CGTCX	0.25	0.04	0.18	0.98	0.19	(0.30)	0.61	(0.43)	1.56
TWACX	0.09	0.01	0.28	(0.33)	0.00	(0.14)	0.22	(0.11)	0.45
RGVCX	0.24	0.04	0.21	1.75	0.13	(0.30)	0.51	(0.42)	1.38
FIKPX	0.23	0.03	0.17	2.82	0.15	(0.28)	0.56	(0.44)	1.34

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