Columbia Moderate Correlations

CMATX Fund

USD 39.97 0.06 0.15%

The current 90-days correlation between Columbia Moderate Growth and Western Asset Diversified is 0.02 (i.e., Significant diversification). The correlation of Columbia Moderate 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 Moderate Correlation With Market

Poor diversification

The correlation between Columbia Moderate Growth and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Moderate Growth 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 Moderate Growth. 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 estimate.

Moving together with Columbia Mutual Fund

0.88	VTSAX	Vanguard Total Stock	Pair Corr
0.89	VFIAX	Vanguard 500 Index	Pair Corr
0.88	VTSMX	Vanguard Total Stock	Pair Corr
0.88	VITSX	Vanguard Total Stock	Pair Corr
0.82	VSTSX	Vanguard Total Stock	Pair Corr
0.82	VSMPX	Vanguard Total Stock	Pair Corr
0.89	VFINX	Vanguard 500 Index	Pair Corr
0.82	VFFSX	Vanguard 500 Index	Pair Corr
0.67	JRLOX	Retirement Living Through	Pair Corr
0.7	PAETX	Putnam Retirement	Pair Corr
0.61	JEFAX	Jefax	Pair Corr
0.73	MXDPX	Great West Moderately	Pair Corr
0.7	RLRPX	American Funds Retirement	Pair Corr

Moving against Columbia Mutual Fund

0.78

USPIX

Profunds Ultrashort

Pair Corr

Related Correlations Analysis

	XWDIX	PGBAX	TFCAX	DIFIX	DLTZX	QDARX	MNDWX
XWDIX		0.62	0.39	0.63	0.5	0.39	0.71	XWDIX
PGBAX	0.62		0.85	0.98	0.92	0.88	0.87	PGBAX
TFCAX	0.39	0.85		0.85	0.94	0.95	0.74	TFCAX
DIFIX	0.63	0.98	0.85		0.92	0.86	0.87	DIFIX
DLTZX	0.5	0.92	0.94	0.92		0.95	0.79	DLTZX
QDARX	0.39	0.88	0.95	0.86	0.95		0.69	QDARX
MNDWX	0.71	0.87	0.74	0.87	0.79	0.69		MNDWX
	XWDIX	PGBAX	TFCAX	DIFIX	DLTZX	QDARX	MNDWX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Moderate 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 Moderate'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
XWDIX	0.20	(0.03)	0.00	0.64	0.00	0.00	0.33	(0.46)	1.59
PGBAX	0.14	0.01	0.23	0.10	0.09	(0.18)	0.34	(0.25)	0.85
TFCAX	0.02	0.00	0.00	0.33	0.00	0.00	0.10	0.00	0.40
DIFIX	0.28	0.01	0.10	0.03	0.35	(0.33)	0.58	(0.57)	1.51
DLTZX	0.08	0.01	0.27	0.80	0.00	(0.18)	0.26	(0.13)	0.64
QDARX	0.08	0.03	0.61	1.49	0.00	(0.13)	0.25	(0.08)	0.49
MNDWX	0.12	(0.01)	0.08	(3.64)	0.19	(0.18)	0.20	(0.38)	0.96

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