Columbia Growth Correlations

CGSCX Fund

USD 51.55 0.06 0.12%

The current 90-days correlation between Columbia Growth 529 and Vanguard Total Stock is 0.21 (i.e., Modest 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

Good diversification

The correlation between Columbia Growth 529 and DJI is -0.02 (i.e., Good 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Columbia Growth 529. 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 main economic indicators.

Moving together with Columbia Mutual Fund

0.81	VTSAX	Vanguard Total Stock	Pair Corr
0.88	VFIAX	Vanguard 500 Index	Pair Corr
0.82	VTSMX	Vanguard Total Stock	Pair Corr
0.82	VITSX	Vanguard Total Stock	Pair Corr
0.82	VSTSX	Vanguard Total Stock	Pair Corr
0.82	VSMPX	Vanguard Total Stock	Pair Corr
0.88	VFINX	Vanguard 500 Index	Pair Corr
0.81	VFFSX	Vanguard 500 Index	Pair Corr
0.74	DRYQX	Dreyfus Research Growth	Pair Corr
0.65	BSL	Blackstone Gso Senior	Pair Corr
0.71	DAFRX	Dunham Floating Rate	Pair Corr
0.85	WFGGX	Wcm Focused Global	Pair Corr
0.85	HIOIX	Hedgerow Income And	Pair Corr
0.77	GSXIX	Aberdeen Small Cap	Pair Corr
0.65	HMSIX	Hennessy Bp Midstream	Pair Corr
0.73	BTCVX	Cboe Vest Bitcoin	Pair Corr
0.69	BXFIX	Barings Global Floating	Pair Corr
0.7	HGOSX	Hartford Growth	Pair Corr
0.81	PRCOX	T Rowe Price	Pair Corr
0.78	FBSOX	It Services Portfolio	Pair Corr
0.76	TEEFX	T Rowe Price	Pair Corr
0.75	BGLKX	Long Term	Pair Corr
0.75	EGLNX	Eagle Mlp Strategy	Pair Corr
0.84	VWENX	Vanguard Wellington	Pair Corr
0.8	JHQPX	Jpmorgan Hedged Equity	Pair Corr
0.64	INFRX	Advisory Research Mlp	Pair Corr
0.79	RSIFX	Victory Rs Science	Pair Corr
0.8	ASMZX	Alger Smidcap Focus	Pair Corr

Moving against Columbia Mutual Fund

0.51	TSMXX	Tsmxx	Pair Corr
0.38	NHS	Neuberger Berman High	Pair Corr
0.36	VTIAX	Vanguard Total Inter	Pair Corr
0.33	PFHCX	Pacific Funds Small	Pair Corr
0.31	VGTSX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX
VTSAX		0.94	1.0	1.0	1.0	1.0	0.94	1.0	-0.59	-0.61	VTSAX
VFIAX	0.94		0.94	0.94	0.94	0.94	1.0	0.94	-0.62	-0.64	VFIAX
VTSMX	1.0	0.94		1.0	1.0	1.0	0.93	1.0	-0.58	-0.6	VTSMX
VITSX	1.0	0.94	1.0		1.0	1.0	0.93	1.0	-0.58	-0.6	VITSX
VSTSX	1.0	0.94	1.0	1.0		1.0	0.93	1.0	-0.58	-0.6	VSTSX
VSMPX	1.0	0.94	1.0	1.0	1.0		0.93	1.0	-0.58	-0.6	VSMPX
VFINX	0.94	1.0	0.93	0.93	0.93	0.93		0.94	-0.63	-0.65	VFINX
VFFSX	1.0	0.94	1.0	1.0	1.0	1.0	0.94		-0.59	-0.6	VFFSX
VGTSX	-0.59	-0.62	-0.58	-0.58	-0.58	-0.58	-0.63	-0.59		0.99	VGTSX
VTIAX	-0.61	-0.64	-0.6	-0.6	-0.6	-0.6	-0.65	-0.6	0.99		VTIAX
	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX

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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

VTSMX	+ 1.0	VTSAX
VITSX	+ 1.0	VTSAX
VSTSX	+ 1.0	VTSAX
VSMPX	+ 1.0	VTSAX
VFFSX	+ 1.0	VTSAX
VFINX	+ 1.0	VFIAX

High negative correlations

VTIAX	- 0.65	VFINX
VTIAX	- 0.64	VFIAX
VGTSX	- 0.63	VFINX
VGTSX	- 0.62	VFIAX
VTIAX	- 0.61	VTSAX
VTIAX	- 0.6	VFFSX

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	0.57	0.06	0.05	0.52	0.77	(0.58)	1.08	(1.13)	5.94
VFIAX	0.52	0.07	0.06	1.84	0.71	(0.53)	1.09	(0.96)	5.48
VTSMX	0.56	0.06	0.04	0.50	0.77	(0.57)	1.08	(1.13)	5.94
VITSX	0.56	0.06	0.04	0.50	0.77	(0.57)	1.08	(1.13)	5.95
VSTSX	0.56	0.06	0.04	0.50	0.77	(0.57)	1.09	(1.13)	5.94
VSMPX	0.56	0.06	0.04	0.50	0.77	(0.57)	1.09	(1.13)	5.94
VFINX	0.52	0.08	0.06	1.98	0.71	(0.53)	1.09	(0.96)	5.48
VFFSX	0.53	0.06	0.04	0.58	0.75	(0.53)	1.09	(1.10)	5.48
VGTSX	0.56	(0.12)	0.00	(1.40)	0.00	0.00	0.97	(1.56)	4.43
VTIAX	0.54	(0.09)	0.00	(1.00)	0.00	0.00	0.96	(1.32)	4.45

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