Columbia Treasury Correlations

CUTYX Fund

USD 9.96 0.01 0.10%

The current 90-days correlation between Columbia Treasury Index and Franklin Mutual Global is 0.08 (i.e., Significant diversification). The correlation of Columbia Treasury 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 Treasury Correlation With Market

Very good diversification

The correlation between Columbia Treasury Index and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Treasury Index 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 Treasury Index. 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

0.74	SRINX	Columbia Porate Income	Pair Corr
0.93	CUTRX	Columbia Treasury Index	Pair Corr
0.94	CEBYX	Columbia Emerging Markets	Pair Corr
0.88	CEBRX	Columbia Emerging Markets	Pair Corr
0.8	CEPRX	Columbia Income Oppo	Pair Corr
0.92	LIBCX	Columbia Total Return	Pair Corr
0.87	CGCYX	Columbia Greater China	Pair Corr

Moving against Columbia Mutual Fund

0.71	CUURX	Columbia Small Cap	Pair Corr
0.65	CVERX	Columbia Mid Cap	Pair Corr
0.34	CDAZX	Multi-manager Directional	Pair Corr
0.32	CVQZX	Columbia Disciplined	Pair Corr
0.8	SSVIX	Columbia Select Smaller	Pair Corr
0.77	SCIRX	Columbia Seligman	Pair Corr
0.73	CLM	Cornerstone Strategic	Pair Corr
0.7	GEGTX	Columbia Large Cap	Pair Corr
0.68	CECYX	Columbia Large Cap	Pair Corr
0.38	CFCIX	Columbia Large Cap	Pair Corr
0.8	CGOCX	Columbia Small Cap	Pair Corr
0.78	CXXRX	Columbia Small Cap	Pair Corr
0.77	SCMIX	Columbia Seligman	Pair Corr
0.77	CGQYX	Columbia Disciplined	Pair Corr
0.75	CGTUX	Columbia Global Tech	Pair Corr
0.75	CGTRX	Columbia Select Large	Pair Corr

Related Correlations Analysis

	TEDIX	MSTGX	SMYIX	BXFIX	SGICX	GMLVX	TADGX
TEDIX		0.89	0.01	0.55	0.22	0.79	0.48	TEDIX
MSTGX	0.89		0.01	0.69	-0.05	0.8	0.54	MSTGX
SMYIX	0.01	0.01		0.24	0.36	0.18	0.81	SMYIX
BXFIX	0.55	0.69	0.24		-0.05	0.42	0.61	BXFIX
SGICX	0.22	-0.05	0.36	-0.05		0.01	0.23	SGICX
GMLVX	0.79	0.8	0.18	0.42	0.01		0.5	GMLVX
TADGX	0.48	0.54	0.81	0.61	0.23	0.5		TADGX
	TEDIX	MSTGX	SMYIX	BXFIX	SGICX	GMLVX	TADGX

Click cells to compare fundamentals

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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

MSTGX	+ 0.89	TEDIX
TADGX	+ 0.81	SMYIX
GMLVX	+ 0.8	MSTGX
GMLVX	+ 0.79	TEDIX
BXFIX	+ 0.69	MSTGX
TADGX	+ 0.61	BXFIX

High negative correlations

SGICX	- 0.05	BXFIX
SGICX	- 0.05	MSTGX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Treasury 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 Treasury'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
TEDIX	0.65	0.00	0.00	0.00	1.60	(0.57)	1.01	(1.47)	7.35
MSTGX	0.30	0.05	0.09	(0.50)	0.33	(0.34)	0.74	(0.62)	1.58
SMYIX	0.79	(0.03)	0.00	(0.03)	0.00	0.00	1.57	(1.66)	4.51
BXFIX	0.08	(0.01)	(0.06)	0.24	0.06	(0.28)	0.23	(0.12)	0.93
SGICX	0.92	(0.33)	0.00	(1.71)	0.00	0.00	1.09	(1.37)	19.11
GMLVX	0.70	0.03	0.03	0.07	0.90	(0.76)	1.57	(1.62)	5.51
TADGX	0.63	0.00	0.00	0.00	0.82	(0.66)	1.06	(1.42)	3.18

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