Columbia Growth Correlations
CGSAX Fund | USD 49.21 0.10 0.20% |
The current 90-days correlation between Columbia Growth 529 and Vanguard Total Stock is 0.12 (i.e., Average diversification). The correlation of Columbia Growth 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 Growth Correlation With Market
Average diversification
The correlation between Columbia Growth 529 and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Growth 529 and DJI in the same portfolio, assuming nothing else is changed.
Columbia |
Moving together with Columbia Mutual Fund
0.94 | VTSAX | Vanguard Total Stock | PairCorr |
0.97 | VFIAX | Vanguard 500 Index | PairCorr |
0.94 | VTSMX | Vanguard Total Stock | PairCorr |
0.97 | VITSX | Vanguard Total Stock | PairCorr |
0.94 | VSTSX | Vanguard Total Stock | PairCorr |
0.94 | VSMPX | Vanguard Total Stock | PairCorr |
0.97 | VFINX | Vanguard 500 Index | PairCorr |
0.94 | VFFSX | Vanguard 500 Index | PairCorr |
0.96 | BSDAX | Blackrock Smid Cap | PairCorr |
0.88 | MEGIX | Msvif Growth Port | PairCorr |
0.97 | FZROX | Fidelity Zero Total | PairCorr |
0.9 | VAADX | Virtus Convertible | PairCorr |
0.91 | GVCAX | Gabelli Value | PairCorr |
0.74 | EOD | Allspring Global Dividend | PairCorr |
0.93 | ELFNX | Elfun Trusts Elfun | PairCorr |
0.65 | AHYDX | High Yield Fund | PairCorr |
0.94 | USPRX | Sp 500 Index | PairCorr |
0.85 | CLM | Cornerstone Strategic | PairCorr |
0.83 | AMECX | Income Fund | PairCorr |
0.89 | RGGEX | American Funds Global | PairCorr |
0.91 | WCPSX | Mobile Telecommunicatio | PairCorr |
0.83 | WAMIX | Wstcm Credit Select | PairCorr |
0.79 | FSUTX | Utilities Portfolio | PairCorr |
0.63 | RA | Brookfield Real Assets | PairCorr |
0.91 | FIVUX | First Investors Oppo | PairCorr |
0.95 | AMGOX | Alger Mid Cap | PairCorr |
0.77 | HIX | Western Asset High | PairCorr |
0.85 | FGRIX | Fidelity Growth Income | PairCorr |
0.79 | ACP | Aberdeen Income Credit | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Columbia Mutual Fund performing well and Columbia Growth 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 Growth'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
VTSAX | 0.50 | 0.06 | 0.07 | 0.19 | 0.40 | 1.01 | 4.11 | |||
VFIAX | 0.48 | 0.16 | 0.08 | 2.86 | 0.36 | 1.17 | 3.84 | |||
VTSMX | 0.50 | 0.06 | 0.07 | 0.19 | 0.40 | 1.01 | 4.11 | |||
VITSX | 0.51 | 0.17 | 0.10 | 2.28 | 0.36 | 1.10 | 4.11 | |||
VSTSX | 0.50 | 0.06 | 0.07 | 0.19 | 0.40 | 1.01 | 4.11 | |||
VSMPX | 0.50 | 0.06 | 0.07 | 0.19 | 0.40 | 1.01 | 4.11 | |||
VFINX | 0.48 | 0.16 | 0.08 | 2.84 | 0.37 | 1.17 | 3.84 | |||
VFFSX | 0.48 | 0.06 | 0.05 | 0.20 | 0.40 | 1.07 | 3.84 | |||
VTIAX | 0.58 | (0.03) | (0.15) | 0.03 | 0.68 | 1.15 | 4.11 |