Columbia Small Correlations

CSCRX Fund

USD 26.98 1.05 3.75%

The current 90-days correlation between Columbia Small Cap and Principal Lifetime Hybrid is -0.13 (i.e., Good diversification). The correlation of Columbia Small 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 Small Correlation With Market

Modest diversification

The correlation between Columbia Small Cap and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Small Cap 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 Small Cap. 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 metropolitan statistical area.

Moving together with Columbia Mutual Fund

0.71	CUURX	Columbia Small Cap	Pair Corr
0.63	GEGTX	Columbia Large Cap	Pair Corr

Moving against Columbia Mutual Fund

0.33	CUSBX	Columbia Ultra Short	Pair Corr
0.38	CGCYX	Columbia Greater China	Pair Corr

Related Correlations Analysis

	PLKTX	HIIDX	SRDAX	QDARX	CDBCX	BDVFX	XWDIX
PLKTX		0.85	-0.34	-0.01	0.65	0.7	0.6	PLKTX
HIIDX	0.85		-0.15	0.39	0.81	0.67	0.57	HIIDX
SRDAX	-0.34	-0.15		0.58	-0.48	-0.62	-0.68	SRDAX
QDARX	-0.01	0.39	0.58		0.14	-0.25	-0.28	QDARX
CDBCX	0.65	0.81	-0.48	0.14		0.85	0.76	CDBCX
BDVFX	0.7	0.67	-0.62	-0.25	0.85		0.92	BDVFX
XWDIX	0.6	0.57	-0.68	-0.28	0.76	0.92		XWDIX
	PLKTX	HIIDX	SRDAX	QDARX	CDBCX	BDVFX	XWDIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

XWDIX	+ 0.92	BDVFX
HIIDX	+ 0.85	PLKTX
BDVFX	+ 0.85	CDBCX
CDBCX	+ 0.81	HIIDX
XWDIX	+ 0.76	CDBCX
BDVFX	+ 0.7	PLKTX

High negative correlations

XWDIX	- 0.68	SRDAX
BDVFX	- 0.62	SRDAX
CDBCX	- 0.48	SRDAX
SRDAX	- 0.34	PLKTX
XWDIX	- 0.28	QDARX
BDVFX	- 0.25	QDARX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Small 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 Small'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
PLKTX	0.57	0.00	0.00	(0.06)	0.00	0.00	1.06	(1.34)	3.50
HIIDX	0.54	0.06	0.13	0.08	0.67	(0.55)	1.14	(0.95)	3.01
SRDAX	0.14	0.01	0.27	0.43	0.11	(0.19)	0.29	(0.37)	0.95
QDARX	0.08	0.03	0.79	3.43	0.00	(0.13)	0.25	(0.08)	0.49
CDBCX	0.25	0.03	0.27	0.33	0.18	(0.32)	0.66	(0.44)	1.55
BDVFX	0.27	0.00	0.15	0.14	0.34	(0.31)	0.54	(0.54)	1.91
XWDIX	0.20	0.00	0.15	0.01	0.33	(0.21)	0.33	(0.53)	2.17

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC