Columbia Ultra Correlations

CUSOX Fund

USD 9.26 0.00 0.00%

The current 90-days correlation between Columbia Ultra Short and Mfs Diversified Income is 0.44 (i.e., Very weak 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

Average diversification

The correlation between Columbia Ultra Short and DJI is 0.13 (i.e., Average 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

0.82	SRIJX	Columbia Corporate Income	Pair Corr
0.75	LHIAX	Columbia High Yield	Pair Corr
0.84	LIBAX	Columbia Total Return	Pair Corr
0.81	INEAX	Columbia High Yield	Pair Corr
0.8	LIIAX	Columbia Porate Income	Pair Corr
0.77	LITAX	Columbia Amt Free	Pair Corr
0.72	LITCX	Columbia Amt Free	Pair Corr
0.77	PISDX	Columbia Pyrford Int	Pair Corr
0.76	PISLX	Columbia Pyrford Int	Pair Corr
0.76	PISOX	Columbia Pyrford Int	Pair Corr
0.76	PISJX	Columbia Pyrford Int	Pair Corr
0.77	PISQX	Columbia Pyrford Int	Pair Corr
0.86	UMMDX	Columbia Bond	Pair Corr
0.86	NSMDX	Columbia Short Duration	Pair Corr
0.93	NSMMX	Columbia Short Term	Pair Corr

Moving against Columbia Mutual Fund

0.76	LIACX	Columbia Acorn	Pair Corr
0.71	SSCVX	Columbia Select Smaller	Pair Corr
0.67	SCICX	Columbia Seligman	Pair Corr
0.65	ILGCX	Columbia Integrated Large	Pair Corr
0.64	ILGGX	Columbia Integrated Large	Pair Corr
0.64	ILGJX	Columbia Integrated Large	Pair Corr
0.44	PHIKX	Columbia Vertible	Pair Corr
0.69	UMLAX	Columbia Select Large	Pair Corr
0.67	CGOAX	Columbia Small Cap	Pair Corr
0.6	AQEAX	Columbia Disciplined	Pair Corr
0.6	NTIAX	Columbia Mid Cap	Pair Corr
0.59	NSGAX	Columbia Select Large	Pair Corr
0.42	NCIDX	Columbia Convertible	Pair Corr
0.39	RBGCX	Columbia Capital All	Pair Corr

Related Correlations Analysis

	DIFIX	TFCAX	PGBAX	QDARX	BICPX	XWDIX	MNDWX
DIFIX		0.85	0.98	0.84	0.89	0.7	0.92	DIFIX
TFCAX	0.85		0.86	0.95	0.65	0.39	0.74	TFCAX
PGBAX	0.98	0.86		0.87	0.89	0.68	0.91	PGBAX
QDARX	0.84	0.95	0.87		0.62	0.39	0.68	QDARX
BICPX	0.89	0.65	0.89	0.62		0.67	0.88	BICPX
XWDIX	0.7	0.39	0.68	0.39	0.67		0.71	XWDIX
MNDWX	0.92	0.74	0.91	0.68	0.88	0.71		MNDWX
	DIFIX	TFCAX	PGBAX	QDARX	BICPX	XWDIX	MNDWX

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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
DIFIX	0.28	0.02	0.16	0.01	0.35	(0.33)	0.58	(0.57)	1.51
TFCAX	0.02	0.00	0.00	(0.28)	0.00	0.00	0.10	0.00	0.40
PGBAX	0.14	0.01	0.40	0.13	0.07	(0.18)	0.34	(0.25)	0.85
QDARX	0.08	0.04	0.89	1.36	0.00	(0.13)	0.25	(0.08)	0.49
BICPX	0.24	0.01	0.16	(0.02)	0.31	(0.30)	0.54	(0.45)	1.55
XWDIX	0.20	(0.02)	0.00	(0.34)	0.00	0.00	0.33	(0.46)	1.59
MNDWX	0.12	(0.01)	0.18	(0.32)	0.19	(0.18)	0.20	(0.38)	0.96

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