Columbia Real Correlations

CREYX Fund

USD 10.07 0.18 1.82%

The current 90-days correlation between Columbia Real Estate and Ab Bond Inflation is 0.35 (i.e., 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 manufacturing.

Moving together with Columbia Mutual Fund

0.71	FR	First Industrial Realty	Pair Corr
0.65	WY	Weyerhaeuser	Pair Corr
0.63	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

	ABNYX	TIIHX	FIPRX	PFRMX	FLIBX	TILUX
ABNYX		1.0	0.99	0.97	0.99	1.0	ABNYX
TIIHX	1.0		1.0	0.96	0.99	0.99	TIIHX
FIPRX	0.99	1.0		0.95	1.0	1.0	FIPRX
PFRMX	0.97	0.96	0.95		0.95	0.97	PFRMX
FLIBX	0.99	0.99	1.0	0.95		1.0	FLIBX
TILUX	1.0	0.99	1.0	0.97	1.0		TILUX
	ABNYX	TIIHX	FIPRX	PFRMX	FLIBX	TILUX

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ABNYX	0.16	0.03	0.43	1.62	0.00	(0.19)	0.38	(0.29)	0.86
TIIHX	0.15	0.03	0.41	1.36	0.00	(0.18)	0.37	(0.29)	1.04
FIPRX	0.21	0.03	0.31	0.62	0.14	(0.26)	0.51	(0.41)	1.34
PFRMX	0.23	0.05	0.32	0.63	0.11	(0.32)	0.49	(0.36)	1.34
FLIBX	0.22	0.03	0.31	0.68	0.16	(0.27)	0.44	(0.53)	1.43
TILUX	0.22	0.03	0.32	2.97	0.15	(0.29)	0.49	(0.48)	1.24

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