Columbia Income Correlations

CKKRX Fund

USD 11.80 0.01 0.08%

The current 90-days correlation between Columbia Income Builder and Artisan High Income is 0.54 (i.e., Very weak diversification). The correlation of Columbia Income 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 Income Correlation With Market

Very weak diversification

The correlation between Columbia Income Builder and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Income Builder 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 Income Builder. 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 metropolitan statistical area.

Moving together with Columbia Mutual Fund

0.91	SRINX	Columbia Porate Income	Pair Corr
0.79	CUSBX	Columbia Ultra Short	Pair Corr
0.83	CUTRX	Columbia Treasury Index	Pair Corr
0.83	CUTYX	Columbia Treasury Index	Pair Corr
0.75	CDDYX	Columbia Dividend Income	Pair Corr
0.75	CDDRX	Columbia Dividend Income	Pair Corr
0.74	CDIRX	Columbia Dividend Income	Pair Corr
0.85	CDOZX	Columbia Dividend	Pair Corr
0.94	CEBYX	Columbia Emerging Markets	Pair Corr
0.71	CEKYX	Columbia Emerging Markets	Pair Corr
0.94	CEPRX	Columbia Income Oppo	Pair Corr
0.69	CEVYX	Columbia Global Equity	Pair Corr
0.7	CEVZX	Columbia Global Equity	Pair Corr
0.96	RPCCX	Columbia Capital All	Pair Corr
0.8	CFCYX	Columbia Flexible Capital	Pair Corr
0.79	CFIZX	Columbia Flexible Capital	Pair Corr
0.83	LIBCX	Columbia Total Return	Pair Corr
0.79	CFXRX	Columbia Flexible Capital	Pair Corr
0.91	APECX	Columbia High Yield	Pair Corr
0.79	CGCYX	Columbia Greater China	Pair Corr

Moving against Columbia Mutual Fund

0.35	SSVIX	Columbia Select Smaller	Pair Corr
0.33	SCIRX	Columbia Seligman	Pair Corr
0.37	CGOCX	Columbia Small Cap	Pair Corr
0.33	CGQYX	Columbia Disciplined	Pair Corr
0.33	CGTUX	Columbia Global Tech	Pair Corr
0.33	CGTRX	Columbia Select Large	Pair Corr
0.33	UMLGX	Columbia Select Large	Pair Corr
0.32	SCMIX	Columbia Seligman	Pair Corr
0.32	CXXRX	Columbia Small Cap	Pair Corr

Related Correlations Analysis

	ARTFX	RHYAX	MWHYX	AHYMX	ACHFX	NMHYX	SGYAX
ARTFX		0.95	0.97	0.88	0.99	0.96	0.99	ARTFX
RHYAX	0.95		0.94	0.88	0.97	0.99	0.95	RHYAX
MWHYX	0.97	0.94		0.94	0.98	0.94	0.96	MWHYX
AHYMX	0.88	0.88	0.94		0.91	0.85	0.88	AHYMX
ACHFX	0.99	0.97	0.98	0.91		0.97	0.99	ACHFX
NMHYX	0.96	0.99	0.94	0.85	0.97		0.96	NMHYX
SGYAX	0.99	0.95	0.96	0.88	0.99	0.96		SGYAX
	ARTFX	RHYAX	MWHYX	AHYMX	ACHFX	NMHYX	SGYAX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Income 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 Income'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
ARTFX	0.13	0.01	0.34	0.02	0.09	(0.20)	0.44	(0.22)	0.89
RHYAX	0.12	0.01	0.28	0.03	0.11	(0.18)	0.31	(0.31)	1.14
MWHYX	0.12	0.00	0.40	(0.02)	0.08	(0.18)	0.43	(0.22)	0.76
AHYMX	0.12	0.00	0.29	(0.08)	0.13	(0.18)	0.22	(0.33)	0.76
ACHFX	0.17	0.01	0.28	0.03	0.16	(0.22)	0.47	(0.23)	1.28
NMHYX	0.12	0.01	0.32	0.07	0.08	(0.16)	0.24	(0.24)	0.95
SGYAX	0.16	0.02	0.30	0.09	0.10	(0.26)	0.56	(0.28)	1.57

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