Columbia Real Correlations

CREEX Fund

USD 9.75 0.13 1.32%

The current 90-days correlation between Columbia Real Estate and Lord Abbett Convertible is 0.54 (i.e., Very weak diversification). The correlation of Columbia Real 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 Real Correlation With Market

Very weak diversification

The correlation between Columbia Real Estate and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Real Estate 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 Real Estate. 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 income.

Moving together with COLUMBIA Mutual Fund

0.7	FR	First Industrial Realty	Pair Corr
0.65	WY	Weyerhaeuser	Pair Corr
0.62	MITT-PB	AG Mortgage Investment	Pair Corr
0.76	EPRT	Essential Properties	Pair Corr

Moving against COLUMBIA Mutual Fund

0.36

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Pair Corr

Related Correlations Analysis

	LCFYX	XAVKX	ARBOX	VAADX	CCD	NCIDX
LCFYX		0.94	-0.12	0.9	0.73	0.94	LCFYX
XAVKX	0.94		-0.35	0.95	0.83	0.96	XAVKX
ARBOX	-0.12	-0.35		-0.52	-0.66	-0.39	ARBOX
VAADX	0.9	0.95	-0.52		0.88	0.98	VAADX
CCD	0.73	0.83	-0.66	0.88		0.83	CCD
NCIDX	0.94	0.96	-0.39	0.98	0.83		NCIDX
	LCFYX	XAVKX	ARBOX	VAADX	CCD	NCIDX

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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

NCIDX	+ 0.98	VAADX
NCIDX	+ 0.96	XAVKX
VAADX	+ 0.95	XAVKX
XAVKX	+ 0.94	LCFYX
NCIDX	+ 0.94	LCFYX
VAADX	+ 0.9	LCFYX

High negative correlations

CCD	- 0.66	ARBOX
VAADX	- 0.52	ARBOX
NCIDX	- 0.39	ARBOX
ARBOX	- 0.35	XAVKX
ARBOX	- 0.12	LCFYX

Risk-Adjusted Indicators

There is a big difference between COLUMBIA Mutual Fund performing well and Columbia Real 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 Real'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
LCFYX	0.65	(0.01)	(0.10)	1.12	(1.42)	3.20
XAVKX	0.53	(0.04)	(0.17)	0.90	(1.14)	2.56
ARBOX	0.05	0.02	0.89	0.09	0.00	0.18
VAADX	0.67	(0.07)	(0.19)	1.13	(1.60)	3.27
CCD	0.77	(0.08)	(0.26)	1.41	(1.67)	7.13
NCIDX	0.59	(0.04)	(0.14)	1.03	(1.38)	3.23

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