Columbia Strategic Correlations

CPHUX Fund

USD 21.11 0.02 0.09%

The current 90-days correlation between Columbia Strategic Income and Bbh Intermediate Municipal is -0.06 (i.e., Good diversification). The correlation of Columbia Strategic 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 Strategic Correlation With Market

Average diversification

The correlation between Columbia Strategic Income and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Strategic Income 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 Strategic Income. 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 Columbia Mutual Fund

0.79	BSIKX	Blackrock Strategic	Pair Corr
0.78	BASIX	Blackrock Strategic Opps	Pair Corr
0.78	BSIIX	Blackrock Strategic	Pair Corr
0.91	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.71	RMQAX	Monthly Rebalance	Pair Corr
0.7	RMQHX	Monthly Rebalance	Pair Corr
0.73	RMQCX	Monthly Rebalance	Pair Corr
0.61	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.77	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.67	HD	Home Depot	Pair Corr
0.67	HPQ	HP Inc	Pair Corr

Moving against Columbia Mutual Fund

0.76	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.76	JSOAX	Jpmorgan Strategic Income	Pair Corr
0.75	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.73	JSORX	Jpmorgan Strategic Income	Pair Corr
0.72	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.56	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	BBINX	TBGAX	ICAXX	FMFXX	GABTX	LCCMX	TIMTX
BBINX		0.96	0.0	0.0	0.43	-0.01	0.98	BBINX
TBGAX	0.96		0.0	0.0	0.46	0.08	0.99	TBGAX
ICAXX	0.0	0.0		0.0	0.0	0.0	0.0	ICAXX
FMFXX	0.0	0.0	0.0		0.0	0.0	0.0	FMFXX
GABTX	0.43	0.46	0.0	0.0		0.33	0.48	GABTX
LCCMX	-0.01	0.08	0.0	0.0	0.33		0.08	LCCMX
TIMTX	0.98	0.99	0.0	0.0	0.48	0.08		TIMTX
	BBINX	TBGAX	ICAXX	FMFXX	GABTX	LCCMX	TIMTX

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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

TIMTX	+ 0.99	TBGAX
TIMTX	+ 0.98	BBINX
TBGAX	+ 0.96	BBINX
TIMTX	+ 0.48	GABTX
GABTX	+ 0.46	TBGAX
GABTX	+ 0.43	BBINX

High negative correlations

LCCMX	- 0.01	BBINX
TIMTX	- 0.0	FMFXX
LCCMX	- 0.0	FMFXX
GABTX	- 0.0	FMFXX
TIMTX	- 0.0	ICAXX
LCCMX	- 0.0	ICAXX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Strategic 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 Strategic'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BBINX	0.14	(0.03)	(0.77)	0.29	(0.29)	1.27
TBGAX	0.20	(0.04)	(0.84)	0.37	(0.46)	1.74
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00
FMFXX	0.00	0.00	0.00	0.00	0.00	0.00
GABTX	0.56	(0.10)	(0.42)	0.88	(1.20)	7.11
LCCMX	0.08	0.02	0.57	0.12	(0.12)	1.82
TIMTX	0.18	(0.04)	(0.73)	0.37	(0.37)	1.49

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