Columbia Large Correlations

CMRAX Fund

USD 9.91 0.03 0.30%

The current 90-days correlation between Columbia Large Cap and Madison Diversified Income is 0.56 (i.e., Very weak 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

Weak diversification

The correlation between Columbia Large Cap and DJI is 0.3 (i.e., Weak 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 nation.

Moving together with Columbia Mutual Fund

0.74	CVSIX	Calamos Market Neutral	Pair Corr
0.75	CVSCX	Calamos Market Neutral	Pair Corr
0.75	CVSOX	Calamos Market Neutral	Pair Corr
0.71	CXGCX	Calamos Global Vertible	Pair Corr
0.81	CHYDX	Calamos High Income	Pair Corr
0.82	CIHYX	Calamos High Income	Pair Corr
0.73	CMNIX	Calamos Market Neutral	Pair Corr
0.99	CMRCX	Columbia Marsico Growth	Pair Corr
1.0	CMRGX	Calamos Investment Trust	Pair Corr

Related Correlations Analysis

	MBLAX	OIDAX	FZABX	XWDIX	DIFIX	PGBAX	JDJRX
MBLAX		0.74	0.75	0.6	0.77	0.76	0.65	MBLAX
OIDAX	0.74		0.84	0.66	0.78	0.75	0.36	OIDAX
FZABX	0.75	0.84		0.51	0.9	0.9	0.46	FZABX
XWDIX	0.6	0.66	0.51		0.7	0.68	0.21	XWDIX
DIFIX	0.77	0.78	0.9	0.7		0.98	0.39	DIFIX
PGBAX	0.76	0.75	0.9	0.68	0.98		0.42	PGBAX
JDJRX	0.65	0.36	0.46	0.21	0.39	0.42		JDJRX
	MBLAX	OIDAX	FZABX	XWDIX	DIFIX	PGBAX	JDJRX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MBLAX	0.27	0.00	0.00	(0.05)	0.00	0.00	0.62	(0.54)	1.51
OIDAX	0.72	(0.01)	0.00	(0.10)	0.00	0.00	1.42	(1.46)	5.03
FZABX	0.74	0.11	0.12	0.10	1.01	(0.73)	1.45	(1.37)	6.16
XWDIX	0.20	(0.02)	0.00	(0.34)	0.00	0.00	0.33	(0.46)	1.59
DIFIX	0.28	0.02	0.16	0.01	0.35	(0.33)	0.58	(0.57)	1.51
PGBAX	0.14	0.01	0.40	0.13	0.07	(0.18)	0.34	(0.25)	0.85
JDJRX	0.33	0.00	0.14	(0.02)	0.39	(0.41)	0.66	(0.75)	2.62

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Columbia Large Correlations

Columbia Large Correlation With Market

Weak diversification

Moving together with Columbia Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY