Cmg Ultra Correlations

CMGUX Fund

USD 9.27 0.00 0.00%

The current 90-days correlation between Cmg Ultra Short and SCOR PK is -0.01 (i.e., Good diversification). The correlation of Cmg Ultra 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.

Cmg Ultra Correlation With Market

Significant diversification

The correlation between Cmg Ultra Short and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cmg Ultra Short 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 Cmg Ultra Short. 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 employment.

Moving together with Cmg Mutual Fund

0.87	CUSHX	Columbia Ultra Short	Pair Corr
0.97	CUSBX	Columbia Ultra Short	Pair Corr
0.9	CDAZX	Multi Manager Direct	Pair Corr
0.78	CUURX	Columbia Small Cap	Pair Corr
0.82	CDEYX	Columbia Diversified	Pair Corr
0.81	CDOYX	Columbia Dividend	Pair Corr
0.82	CDORX	Columbia Dividend	Pair Corr
0.68	CVERX	Columbia Mid Cap	Pair Corr
0.74	CVQZX	Columbia Disciplined	Pair Corr
0.71	CVVRX	Columbia Small Cap	Pair Corr
0.85	CECFX	Columbia Large Cap	Pair Corr
0.65	SSVIX	Columbia Select Smaller	Pair Corr
0.73	CEVYX	Columbia Global Equity	Pair Corr
0.72	CEVZX	Columbia Global Equity	Pair Corr
0.81	GEGTX	Columbia Large Cap	Pair Corr
0.86	CFCRX	Columbia Flexible Capital	Pair Corr
0.68	CFCIX	Columbia Large Cap Potential Growth	Pair Corr
0.73	CFDRX	Columbia Mid Cap	Pair Corr
0.88	CLM	Cornerstone Strategic	Pair Corr
0.81	CFIZX	Columbia Flexible Capital	Pair Corr
0.79	SCIOX	Columbia Seligman	Pair Corr
0.73	SCIRX	Columbia Seligman	Pair Corr
0.97	CFRZX	Columbia Floating Rate	Pair Corr
0.78	SCMIX	Columbia Seligman	Pair Corr
0.62	CGBRX	Columbia Capital All	Pair Corr

Moving against Cmg Mutual Fund

0.82	CUTRX	Columbia Treasury Index	Pair Corr
0.81	CUTYX	Columbia Treasury Index	Pair Corr
0.78	CUVRX	Columbia Government	Pair Corr
0.6	SRINX	Columbia Porate Income	Pair Corr
0.55	RPCCX	Columbia Capital All	Pair Corr
0.4	CEBRX	Columbia Emerging Markets	Pair Corr
0.39	CEBYX	Columbia Emerging Markets	Pair Corr
0.8	UMMGX	Columbia Bond	Pair Corr
0.78	LIBCX	Columbia Total Return	Pair Corr
0.71	CZAMX	Active Portfolios Multi	Pair Corr
0.44	CGOLX	Columbia Global Dividend	Pair Corr
0.33	SEMAX	Columbia Amt Free	Pair Corr

Related Correlations Analysis

	SCRYY	MSTSX	VIASP	XTWO	SVII	70082LAB3	XTWY	SEGI	FPCG	KMX
SCRYY		0.4	0.76	-0.21	-0.34	0.51	-0.38	0.4	0.0	0.61	SCRYY
MSTSX	0.4		0.08	-0.12	0.13	0.23	-0.36	0.09	0.0	0.1	MSTSX
VIASP	0.76	0.08		-0.33	-0.14	0.71	-0.43	0.66	0.0	0.63	VIASP
XTWO	-0.21	-0.12	-0.33		-0.6	-0.7	0.91	-0.75	0.0	0.27	XTWO
SVII	-0.34	0.13	-0.14	-0.6		0.37	-0.49	0.44	0.0	-0.43	SVII
70082LAB3	0.51	0.23	0.71	-0.7	0.37		-0.75	0.93	0.0	0.35	70082LAB3
XTWY	-0.38	-0.36	-0.43	0.91	-0.49	-0.75		-0.78	0.0	0.15	XTWY
SEGI	0.4	0.09	0.66	-0.75	0.44	0.93	-0.78		0.0	0.23	SEGI
FPCG	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FPCG
KMX	0.61	0.1	0.63	0.27	-0.43	0.35	0.15	0.23	0.0		KMX
	SCRYY	MSTSX	VIASP	XTWO	SVII	70082LAB3	XTWY	SEGI	FPCG	KMX

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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

SEGI	+ 0.93	70082LAB3
XTWY	+ 0.91	XTWO
VIASP	+ 0.76	SCRYY
70082LAB3	+ 0.71	VIASP
SEGI	+ 0.66	VIASP
KMX	+ 0.63	VIASP

High negative correlations

SEGI	- 0.78	XTWY
XTWY	- 0.75	70082LAB3
SEGI	- 0.75	XTWO
70082LAB3	- 0.7	XTWO
SVII	- 0.6	XTWO
XTWY	- 0.49	SVII

Risk-Adjusted Indicators

There is a big difference between Cmg Mutual Fund performing well and Cmg Ultra 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 Cmg Ultra'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
SCRYY	1.93	0.45	0.12	(0.71)	1.74	(2.85)	5.61	(3.52)	12.99
MSTSX	0.45	(0.01)	(0.11)	0.10	0.39	(0.59)	1.21	(0.84)	2.80
VIASP	0.75	0.10	(0.02)	(1.58)	1.11	(0.81)	2.28	(1.20)	7.18
XTWO	0.08	(0.01)	0.00	1.07	0.00	0.00	0.14	(0.12)	0.55
SVII	0.18	0.00	(0.17)	0.24	0.39	(0.29)	0.44	(0.53)	4.77
70082LAB3	0.70	0.09	(0.03)	(0.69)	0.99	(0.84)	1.75	(1.19)	6.86
XTWY	0.76	(0.10)	0.00	0.98	0.00	0.00	1.33	(1.70)	5.49
SEGI	10.19	2.80	0.16	(1.15)	9.90	(16.01)	28.57	(18.18)	62.86
FPCG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KMX	1.43	0.14	0.02	1.44	1.64	(1.55)	4.14	(3.24)	8.69

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