Columbia Large Correlations

CLXRX Fund

USD 58.83 0.05 0.09%

The current 90-days correlation between Columbia Large Cap and Columbia Small Cap is 0.88 (i.e., Very poor diversification). The correlation of Columbia Large 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 Large Correlation With Market

Poor diversification

The correlation between Columbia Large Cap and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Large Cap 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 Large Cap. 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

0.73	CDEYX	Columbia Diversified	Pair Corr
0.71	AMTCX	Columbia Capital All	Pair Corr
0.85	CLM	Cornerstone Strategic	Pair Corr
0.91	CXXRX	Columbia Small Cap	Pair Corr
0.93	CGTUX	Columbia Global Tech	Pair Corr
0.93	NSVAX	Columbia Small Cap	Pair Corr
0.69	CZMVX	Multi Manager Value	Pair Corr
0.85	ACRNX	Columbia Acorn	Pair Corr
0.94	CLQZX	Columbia Disciplined	Pair Corr
0.75	ADECX	Columbia Diversified	Pair Corr
0.94	CLSPX	Columbia Mid Cap	Pair Corr
0.96	CLWFX	Columbia Large Cap	Pair Corr
0.94	CMCCX	Columbia Mid Cap	Pair Corr
0.9	CMSCX	Columbia Small Cap	Pair Corr
0.93	CMTFX	Columbia Global Tech	Pair Corr
0.95	COCRX	Columbia Convertible	Pair Corr
1.0	COFRX	Columbia Trarian Core	Pair Corr
0.68	SLVRX	Columbia Select Large	Pair Corr
1.0	NINDX	Columbia Large Cap	Pair Corr

Moving against Columbia Mutual Fund

0.53	UMMGX	Columbia Bond	Pair Corr
0.51	CIBRX	Columbia Total Return	Pair Corr
0.34	SRINX	Columbia Porate Income	Pair Corr
0.46	CMGUX	Cmg Ultra Short	Pair Corr
0.45	LNGZX	Columbia Greater China	Pair Corr
0.34	MBSAX	Multisector Bond Sma	Pair Corr

Related Correlations Analysis

	CXXRX	CPXRX	PRUIX	SDLAX	SPINX
CXXRX		0.98	0.91	0.6	0.65	CXXRX
CPXRX	0.98		0.92	0.56	0.6	CPXRX
PRUIX	0.91	0.92		0.52	0.57	PRUIX
SDLAX	0.6	0.56	0.52		1.0	SDLAX
SPINX	0.65	0.6	0.57	1.0		SPINX
	CXXRX	CPXRX	PRUIX	SDLAX	SPINX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Large 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 Large'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CXXRX	0.89	(0.15)	(0.22)	1.42	(2.38)	4.41
CPXRX	0.84	(0.10)	(0.17)	1.31	(2.20)	4.06
PRUIX	0.80	(0.04)	(0.12)	1.26	(1.75)	4.53
SDLAX	1.24	(0.37)	(0.53)	1.26	(1.89)	25.84
SPINX	1.15	(0.33)	(0.47)	1.26	(1.77)	22.31

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