Columbia Disciplined Correlations

CGQYX Fund

USD 10.41 0.17 1.66%

The current 90-days correlation between Columbia Disciplined and Locorr Longshort Modities is -0.01 (i.e., Good diversification). The correlation of Columbia Disciplined 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 Disciplined Correlation With Market

Good diversification

The correlation between Columbia Disciplined Growth and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Disciplined Growth 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 Disciplined Growth. 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

0.7	CDAZX	Multi-manager Directional	Pair Corr
0.88	CUURX	Columbia Small Cap	Pair Corr
0.89	CVERX	Columbia Mid Cap	Pair Corr
0.65	CVQZX	Columbia Disciplined	Pair Corr
0.93	CECYX	Columbia Large Cap	Pair Corr
0.88	SSVIX	Columbia Select Smaller	Pair Corr
0.95	GEGTX	Columbia Large Cap	Pair Corr
0.66	CLM	Cornerstone Strategic Potential Growth	Pair Corr
0.88	SCIRX	Columbia Seligman	Pair Corr
0.88	SCMIX	Columbia Seligman	Pair Corr
0.71	CGEZX	Columbia Select Global	Pair Corr

Moving against Columbia Mutual Fund

0.63	CUSBX	Columbia Ultra Short	Pair Corr
0.61	CUTRX	Columbia Treasury Index	Pair Corr
0.61	CUTYX	Columbia Treasury Index	Pair Corr
0.43	CEBYX	Columbia Emerging Markets	Pair Corr
0.38	SRINX	Columbia Porate Income	Pair Corr
0.54	LIBCX	Columbia Total Return	Pair Corr
0.43	CEBRX	Columbia Emerging Markets	Pair Corr
0.59	CGCYX	Columbia Greater China	Pair Corr
0.59	CGVRX	Columbia Government	Pair Corr

Related Correlations Analysis

	LCSAX	CHICX	JTSQX	LMAPX	NQCRX	BXDCX	SGICX
LCSAX		0.15	0.51	0.24	0.53	0.0	0.49	LCSAX
CHICX	0.15		0.31	0.83	0.32	0.6	-0.34	CHICX
JTSQX	0.51	0.31		0.56	0.93	-0.02	0.4	JTSQX
LMAPX	0.24	0.83	0.56		0.55	0.71	-0.19	LMAPX
NQCRX	0.53	0.32	0.93	0.55		-0.02	0.41	NQCRX
BXDCX	0.0	0.6	-0.02	0.71	-0.02		-0.34	BXDCX
SGICX	0.49	-0.34	0.4	-0.19	0.41	-0.34		SGICX
	LCSAX	CHICX	JTSQX	LMAPX	NQCRX	BXDCX	SGICX

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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

NQCRX	+ 0.93	JTSQX
LMAPX	+ 0.83	CHICX
BXDCX	+ 0.71	LMAPX
BXDCX	+ 0.6	CHICX
LMAPX	+ 0.56	JTSQX
NQCRX	+ 0.55	LMAPX

High negative correlations

SGICX	- 0.34	BXDCX
SGICX	- 0.34	CHICX
SGICX	- 0.19	LMAPX
BXDCX	- 0.02	NQCRX
BXDCX	- 0.02	JTSQX
BXDCX	- 0.0	LCSAX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Disciplined 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 Disciplined'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
LCSAX	0.39	(0.03)	0.00	1.39	0.00	0.00	0.79	(0.79)	2.86
CHICX	0.08	(0.01)	0.55	0.34	0.06	(0.32)	0.16	(0.16)	0.80
JTSQX	0.65	0.01	0.00	(0.08)	0.00	0.00	1.22	(1.34)	3.69
LMAPX	0.12	0.01	0.37	0.01	0.14	(0.17)	0.24	(0.24)	0.94
NQCRX	0.75	(0.01)	0.00	(0.11)	0.00	0.00	1.42	(2.01)	4.95
BXDCX	0.08	0.00	0.85	(0.25)	0.00	(0.15)	0.22	(0.11)	0.54
SGICX	0.90	(0.34)	0.00	(2.86)	0.00	0.00	1.09	(1.37)	19.21

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