Columbia Growth Correlations

CGSEX Fund

USD 60.70 0.10 0.16%

The current 90-days correlation between Columbia Growth 529 and Federated Hermes Inflation is 0.18 (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

Good diversification

The correlation between Columbia Growth 529 and DJI is -0.15 (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 income.

Moving together with Columbia Mutual Fund

0.95	VTSAX	Vanguard Total Stock	Pair Corr
0.95	VFIAX	Vanguard 500 Index	Pair Corr
0.95	VTSMX	Vanguard Total Stock	Pair Corr
0.86	VITSX	Vanguard Total Stock	Pair Corr
0.95	VSTSX	Vanguard Total Stock	Pair Corr
0.86	VSMPX	Vanguard Total Stock	Pair Corr
0.87	VFINX	Vanguard 500 Index	Pair Corr
0.87	VFFSX	Vanguard 500 Index	Pair Corr

Moving against Columbia Mutual Fund

0.32	PLCCX	Pimco Low Duration	Pair Corr
0.51	COSRX	Columbia Overseas	Pair Corr
0.34	MWLIX	Metropolitan West Low	Pair Corr
0.32	WUSDX	Wells Fargo Ultra	Pair Corr

Related Correlations Analysis

	FIPRX	ABNTX	TRBFX	SLFYX	ABNOX	TIIHX	APISX
FIPRX		0.97	0.94	0.9	0.97	0.97	0.95	FIPRX
ABNTX	0.97		0.98	0.95	1.0	1.0	0.99	ABNTX
TRBFX	0.94	0.98		0.96	0.98	0.98	0.99	TRBFX
SLFYX	0.9	0.95	0.96		0.95	0.95	0.97	SLFYX
ABNOX	0.97	1.0	0.98	0.95		1.0	0.99	ABNOX
TIIHX	0.97	1.0	0.98	0.95	1.0		0.99	TIIHX
APISX	0.95	0.99	0.99	0.97	0.99	0.99		APISX
	FIPRX	ABNTX	TRBFX	SLFYX	ABNOX	TIIHX	APISX

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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
FIPRX	0.21	0.01	0.29	(0.31)	0.19	(0.26)	0.51	(0.41)	1.34
ABNTX	0.16	0.02	0.40	1.57	0.00	(0.21)	0.30	(0.39)	0.99
TRBFX	0.12	0.02	0.33	3.60	0.00	(0.26)	0.42	(0.22)	0.85
SLFYX	0.19	0.06	0.55	2.45	0.00	(0.27)	0.50	(0.26)	1.02
ABNOX	0.16	0.02	0.42	1.06	0.00	(0.20)	0.39	(0.30)	0.89
TIIHX	0.16	0.02	0.42	1.11	0.04	(0.19)	0.37	(0.29)	1.04
APISX	0.11	0.02	0.59	3.22	0.00	(0.15)	0.19	(0.19)	0.67

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