Columbia Marsico Correlations
| CMRCX Fund | USD 9.90 0.01 0.10% |
The current 90-days correlation between Columbia Marsico Growth and Columbia Convertible Securities is 0.41 (i.e., Very weak diversification). The correlation of Columbia Marsico 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 Marsico Correlation With Market
Good diversification
The correlation between Columbia Marsico Growth and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Marsico Growth and DJI in the same portfolio, assuming nothing else is changed.
Columbia |
Moving together with Columbia Mutual Fund
| 0.7 | CVSCX | Calamos Market Neutral | PairCorr |
| 0.69 | CVSOX | Calamos Market Neutral | PairCorr |
| 0.75 | CHYDX | Calamos High Income | PairCorr |
| 0.63 | CIGRX | Calamos International | PairCorr |
| 0.63 | CIGOX | Calamos International | PairCorr |
| 0.63 | CIGCX | Calamos International | PairCorr |
| 0.76 | CIHYX | Calamos High Income | PairCorr |
| 0.72 | CMRAX | Columbia Large Cap | PairCorr |
| 0.66 | CMRGX | Calamos Investment Trust | PairCorr |
Related Correlations Analysis
| 0.87 | 0.43 | 0.88 | 0.98 | NCIDX | ||
| 0.87 | 0.39 | 0.83 | 0.85 | PCNTX | ||
| 0.43 | 0.39 | 0.61 | 0.29 | GCV | ||
| 0.88 | 0.83 | 0.61 | 0.83 | LCFYX | ||
| 0.98 | 0.85 | 0.29 | 0.83 | VAADX | ||
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Risk-Adjusted Indicators
There is a big difference between Columbia Mutual Fund performing well and Columbia Marsico 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 Marsico'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NCIDX | 0.60 | (0.05) | 0.00 | 1.20 | 0.00 | 1.30 | 3.25 | |||
| PCNTX | 0.63 | (0.08) | 0.00 | 17.93 | 0.00 | 1.26 | 3.46 | |||
| GCV | 0.91 | 0.05 | 0.04 | 0.10 | 1.18 | 2.17 | 6.16 | |||
| LCFYX | 0.66 | (0.03) | 0.00 | (0.06) | 0.00 | 1.12 | 3.20 | |||
| VAADX | 0.65 | (0.10) | 0.00 | 3.64 | 0.00 | 1.11 | 3.26 |