Columbia Flexible Correlations

CFIZX Fund

USD 13.99 0.04 0.29%

The current 90-days correlation between Columbia Flexible Capital and Eaton Vance Diversified is -0.07 (i.e., Good diversification). The correlation of Columbia Flexible 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 Flexible Correlation With Market

Poor diversification

The correlation between Columbia Flexible Capital and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Flexible Capital 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 Flexible Capital. 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	CDDYX	Columbia Dividend Income	Pair Corr
0.91	CDDRX	Columbia Dividend Income	Pair Corr
0.87	CDEYX	Columbia Diversified	Pair Corr
0.97	CDIRX	Columbia Dividend Income	Pair Corr
0.71	AMTCX	Columbia Capital All	Pair Corr
0.92	CDOZX	Columbia Dividend	Pair Corr
0.98	CDOYX	Columbia Dividend	Pair Corr
0.92	CDVZX	Columbia Diversified	Pair Corr
0.83	CVQZX	Columbia Disciplined	Pair Corr
0.62	CEKRX	Columbia Emerging Markets	Pair Corr
0.72	CEPRX	Columbia Income Oppo	Pair Corr
0.79	CEVYX	Columbia Global Equity	Pair Corr
0.92	CEVZX	Columbia Global Equity	Pair Corr
0.85	RPCCX	Columbia Capital All	Pair Corr
0.93	CFCYX	Columbia Flexible Capital	Pair Corr
0.65	CFCIX	Columbia Large Cap	Pair Corr
0.63	CFRZX	Columbia Floating Rate	Pair Corr
0.67	CFRYX	Columbia Floating Rate	Pair Corr
1.0	CFXRX	Columbia Flexible Capital	Pair Corr
0.87	APECX	Columbia High Yield	Pair Corr
0.74	CGEZX	Columbia Select Global	Pair Corr

Related Correlations Analysis

	EIIMX	ACBPX	TIICX	SRDAX	DLTZX	DIFIX	BICPX	OIDAX
EIIMX		0.93	0.65	-0.36	0.92	0.9	0.71	0.75	EIIMX
ACBPX	0.93		0.64	-0.4	0.97	0.96	0.78	0.66	ACBPX
TIICX	0.65	0.64		-0.05	0.59	0.77	0.89	0.85	TIICX
SRDAX	-0.36	-0.4	-0.05		-0.33	-0.33	-0.13	-0.19	SRDAX
DLTZX	0.92	0.97	0.59	-0.33		0.93	0.71	0.58	DLTZX
DIFIX	0.9	0.96	0.77	-0.33	0.93		0.89	0.73	DIFIX
BICPX	0.71	0.78	0.89	-0.13	0.71	0.89		0.77	BICPX
OIDAX	0.75	0.66	0.85	-0.19	0.58	0.73	0.77		OIDAX
	EIIMX	ACBPX	TIICX	SRDAX	DLTZX	DIFIX	BICPX	OIDAX

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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

DLTZX	+ 0.97	ACBPX
DIFIX	+ 0.96	ACBPX
ACBPX	+ 0.93	EIIMX
DIFIX	+ 0.93	DLTZX
DLTZX	+ 0.92	EIIMX
DIFIX	+ 0.9	EIIMX

High negative correlations

SRDAX	- 0.4	ACBPX
SRDAX	- 0.36	EIIMX
DIFIX	- 0.33	SRDAX
DLTZX	- 0.33	SRDAX
OIDAX	- 0.19	SRDAX
BICPX	- 0.13	SRDAX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Flexible 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 Flexible'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
EIIMX	0.31	0.01	0.03	(0.16)	0.31	(0.39)	0.63	(0.62)	1.91
ACBPX	0.25	0.01	0.02	0.31	0.23	(0.30)	0.56	(0.44)	1.23
TIICX	0.38	0.00	(0.01)	0.01	0.42	(0.47)	0.78	(0.68)	1.57
SRDAX	0.17	0.00	0.00	0.00	0.18	(0.20)	0.29	(0.37)	0.76
DLTZX	0.08	0.01	0.04	0.97	0.00	(0.18)	0.26	(0.13)	0.64
DIFIX	0.28	0.01	0.01	0.02	0.35	(0.33)	0.58	(0.57)	1.51
BICPX	0.24	0.00	(0.01)	(0.01)	0.30	(0.30)	0.54	(0.45)	1.55
OIDAX	0.71	(0.04)	0.00	0.17	0.00	0.00	1.42	(1.46)	5.03

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