Columbia Contrarian Correlations

COFYX Fund

USD 35.37 0.07 0.20%

The current 90-days correlation between Columbia Trarian Core and Columbia Balanced Fund is 0.98 (i.e., Almost no diversification). The correlation of Columbia Contrarian 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 Contrarian Correlation With Market

Poor diversification

The correlation between Columbia Trarian Core and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Trarian Core 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 Trarian Core. 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 manufacturing.

Moving together with Columbia Mutual Fund

0.74	CDEYX	Columbia Diversified	Pair Corr
0.7	AMTCX	Columbia Capital All	Pair Corr
0.87	CLM	Cornerstone Strategic	Pair Corr
0.89	CXXRX	Columbia Small Cap	Pair Corr
0.93	CGTUX	Columbia Global Tech	Pair Corr
0.91	NSVAX	Columbia Small Cap	Pair Corr
0.7	CZMVX	Multi Manager Value	Pair Corr
0.83	ACRNX	Columbia Acorn	Pair Corr
0.94	CLQZX	Columbia Disciplined	Pair Corr
0.76	ADECX	Columbia Diversified	Pair Corr
0.94	CLSPX	Columbia Mid Cap	Pair Corr
0.95	CLWFX	Columbia Large Cap	Pair Corr
1.0	CLXRX	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
0.69	SLVRX	Columbia Select Large	Pair Corr
1.0	NINDX	Columbia Large Cap	Pair Corr

Moving against Columbia Mutual Fund

0.52	UMMGX	Columbia Bond	Pair Corr
0.51	CIBRX	Columbia Total Return	Pair Corr
0.33	SRINX	Columbia Porate Income	Pair Corr
0.43	LNGZX	Columbia Greater China	Pair Corr
0.43	CMGUX	Cmg Ultra Short	Pair Corr
0.33	MBSAX	Multisector Bond Sma	Pair Corr

Related Correlations Analysis

	CBDYX	VEVRX	CDDYX	CORRX	PTRQX
CBDYX		0.77	0.76	0.0	-0.19	CBDYX
VEVRX	0.77		0.54	0.0	-0.32	VEVRX
CDDYX	0.76	0.54		0.0	0.37	CDDYX
CORRX	0.0	0.0	0.0		0.0	CORRX
PTRQX	-0.19	-0.32	0.37	0.0		PTRQX
	CBDYX	VEVRX	CDDYX	CORRX	PTRQX

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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

VEVRX	+ 0.77	CBDYX
CDDYX	+ 0.76	CBDYX
CDDYX	+ 0.54	VEVRX
PTRQX	+ 0.37	CDDYX
CORRX	+ 0.0	CBDYX
CORRX	+ 0.0	VEVRX

High negative correlations

PTRQX	- 0.32	VEVRX
PTRQX	- 0.19	CBDYX
PTRQX	- 0.0	CORRX
CORRX	- 0.0	CDDYX
CORRX	- 0.0	VEVRX
CORRX	- 0.0	CBDYX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Contrarian 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 Contrarian'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
CBDYX	0.52	(0.02)	0.00	(0.10)	0.00	0.00	0.85	(1.19)	2.97
VEVRX	0.87	(0.19)	0.00	(0.28)	0.00	0.00	1.14	(1.72)	10.00
CDDYX	0.62	0.02	0.00	(0.04)	0.00	0.00	1.06	(1.33)	3.04
CORRX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PTRQX	0.23	0.02	0.28	0.44	0.20	(0.28)	0.59	(0.41)	1.37

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