Columbia Small Correlations

CUURX Fund

USD 50.48 0.61 1.19%

The current 90-days correlation between Columbia Small Cap and The Equity Growth is -0.01 (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

Good diversification

The correlation between Columbia Small Cap and DJI is -0.03 (i.e., Good 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

0.85	CDAZX	Multi-manager Directional	Pair Corr
0.95	CVERX	Columbia Mid Cap	Pair Corr
0.65	CDVZX	Columbia Diversified	Pair Corr
0.78	CVQZX	Columbia Disciplined	Pair Corr
0.95	CECYX	Columbia Large Cap	Pair Corr
0.98	SSVIX	Columbia Select Smaller	Pair Corr
0.93	GEGTX	Columbia Large Cap	Pair Corr
0.7	CFCIX	Columbia Large Cap	Pair Corr
0.86	CLM	Cornerstone Strategic	Pair Corr
0.96	SCIRX	Columbia Seligman	Pair Corr
0.96	SCMIX	Columbia Seligman	Pair Corr
0.8	CGEZX	Columbia Select Global	Pair Corr

Moving against Columbia Mutual Fund

0.73	CUTRX	Columbia Treasury Index	Pair Corr
0.73	CUTYX	Columbia Treasury Index	Pair Corr
0.56	CUSBX	Columbia Ultra Short	Pair Corr
0.55	SRINX	Columbia Porate Income	Pair Corr
0.53	CEBYX	Columbia Emerging Markets	Pair Corr
0.71	LIBCX	Columbia Total Return	Pair Corr
0.48	CEBRX	Columbia Emerging Markets	Pair Corr
0.72	CGVRX	Columbia Government	Pair Corr
0.64	CGCYX	Columbia Greater China	Pair Corr

Related Correlations Analysis

	BGGKX	GGRYX	AUERX	EIPFX	SRGAX	CDGCX	GETFX	NSBCX
BGGKX		0.68	0.83	0.27	0.86	0.4	0.86	0.87	BGGKX
GGRYX	0.68		0.43	0.69	0.94	0.58	0.93	0.71	GGRYX
AUERX	0.83	0.43		0.33	0.64	0.14	0.68	0.74	AUERX
EIPFX	0.27	0.69	0.33		0.55	0.18	0.58	0.37	EIPFX
SRGAX	0.86	0.94	0.64	0.55		0.61	0.99	0.86	SRGAX
CDGCX	0.4	0.58	0.14	0.18	0.61		0.58	0.59	CDGCX
GETFX	0.86	0.93	0.68	0.58	0.99	0.58		0.88	GETFX
NSBCX	0.87	0.71	0.74	0.37	0.86	0.59	0.88		NSBCX
	BGGKX	GGRYX	AUERX	EIPFX	SRGAX	CDGCX	GETFX	NSBCX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BGGKX	1.54	(0.08)	(0.13)	2.77	(4.38)	8.15
GGRYX	0.53	0.02	(0.04)	1.01	(1.15)	3.13
AUERX	0.84	(0.06)	(0.15)	1.57	(2.24)	4.19
EIPFX	0.83	0.01	(0.04)	1.69	(1.72)	7.28
SRGAX	0.64	0.00	(0.07)	1.25	(1.51)	3.64
CDGCX	0.66	(0.04)	(0.13)	1.12	(1.61)	7.00
GETFX	0.58	0.00	(0.07)	1.04	(1.20)	3.31
NSBCX	0.74	(0.11)	(0.21)	1.03	(1.54)	5.00

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