Columbia Ultra Correlations

CUSOX Fund

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The current 90-days correlation between Columbia Ultra Short and Calvert Conservative Allocation is 0.18 (i.e., Average diversification). The correlation of Columbia Ultra 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 Ultra Correlation With Market

Good diversification

The correlation between Columbia Ultra Short and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Ultra Short 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 Ultra Short. 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 persons.

Moving together with Columbia Mutual Fund

0.9

NSTRX

Columbia Short Term

Pair Corr

Moving against Columbia Mutual Fund

0.72	SSCVX	Columbia Select Smaller	Pair Corr
0.67	ILVBX	Columbia Integrated Large	Pair Corr
0.67	ILVFX	Columbia Integrated Large	Pair Corr
0.66	SCICX	Columbia Seligman	Pair Corr
0.64	LIACX	Columbia Acorn	Pair Corr
0.6	ILGCX	Columbia Integrated Large	Pair Corr
0.59	ILGGX	Columbia Integrated Large	Pair Corr
0.59	ILGJX	Columbia Integrated Large	Pair Corr
0.45	CGOAX	Columbia Small Cap	Pair Corr
0.44	INDZX	Columbia Diversified	Pair Corr
0.31	INTAX	Columbia Strategic	Pair Corr
0.65	NTIAX	Columbia Mid Cap	Pair Corr
0.64	AQEAX	Columbia Disciplined	Pair Corr
0.62	RDLAX	Columbia Disciplined	Pair Corr
0.59	ISGDX	Columbia Integrated Small	Pair Corr
0.58	SHGTX	Columbia Seligman Global	Pair Corr
0.56	ISGNX	Columbia Integrated Small	Pair Corr
0.45	RBGCX	Columbia Capital All	Pair Corr
0.4	NBICX	Columbia Capital All	Pair Corr
0.37	NBIAX	Columbia Capital All	Pair Corr
0.35	ABUAX	Columbia Capital All	Pair Corr
0.31	NSGAX	Columbia Select Large	Pair Corr

Related Correlations Analysis

	CAARX	MDBLX	MDBSX	TLSHX	JDJRX	FHCOX	TFCAX	QDARX
CAARX		0.86	0.89	0.91	0.25	0.24	0.31	0.26	CAARX
MDBLX	0.86		0.95	0.82	0.18	0.27	0.33	0.32	MDBLX
MDBSX	0.89	0.95		0.77	0.18	0.25	0.34	0.28	MDBSX
TLSHX	0.91	0.82	0.77		0.38	0.35	0.4	0.37	TLSHX
JDJRX	0.25	0.18	0.18	0.38		0.89	0.88	0.87	JDJRX
FHCOX	0.24	0.27	0.25	0.35	0.89		0.96	0.93	FHCOX
TFCAX	0.31	0.33	0.34	0.4	0.88	0.96		0.85	TFCAX
QDARX	0.26	0.32	0.28	0.37	0.87	0.93	0.85		QDARX
	CAARX	MDBLX	MDBSX	TLSHX	JDJRX	FHCOX	TFCAX	QDARX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Ultra 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 Ultra'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
CAARX	0.27	0.01	0.09	(0.18)	0.35	(0.28)	0.67	(0.49)	2.05
MDBLX	0.25	0.03	0.18	0.41	0.16	(0.31)	0.61	(0.38)	1.37
MDBSX	0.23	0.03	0.18	(0.42)	0.10	(0.32)	0.75	(0.38)	1.38
TLSHX	0.28	0.02	0.08	0.06	0.35	(0.30)	0.55	(0.47)	1.87
JDJRX	0.37	0.07	0.23	1.22	0.22	(0.47)	0.88	(0.64)	2.40
FHCOX	0.05	0.01	0.00	(1.89)	0.00	0.00	0.10	(0.10)	0.50
TFCAX	0.03	0.00	0.00	0.51	0.00	0.00	0.10	0.00	0.40
QDARX	0.08	0.03	0.49	1.95	0.00	(0.14)	0.25	(0.08)	0.49

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