Columbia Mid Correlations

CVERX Fund

USD 14.02 0.06 0.43%

The current 90-days correlation between Columbia Mid Cap and California Municipal Portfolio is -0.05 (i.e., Good diversification). The correlation of Columbia Mid 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 Mid Correlation With Market

Good diversification

The correlation between Columbia Mid 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 Mid 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 Mid 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

0.87	FLPKX	Fidelity Low Priced	Pair Corr
0.87	FLPSX	Fidelity Low Priced	Pair Corr
0.67	VMVAX	Vanguard Mid Cap	Pair Corr
0.96	JVMAX	John Hancock Disciplined	Pair Corr
0.96	JVMIX	John Hancock Disciplined	Pair Corr
0.89	VMVIX	Vanguard Mid Cap	Pair Corr
0.98	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.98	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.98	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.98	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.67	GPMFX	Guidepath Managed Futures	Pair Corr
0.82	BAC	Bank of America	Pair Corr
0.71	JPM	JPMorgan Chase	Pair Corr
0.87	AXP	American Express	Pair Corr

Moving against Columbia Mutual Fund

0.82	GAAKX	Gmo Alternative Allo	Pair Corr
0.82	GAAGX	Gmo Alternative Allo	Pair Corr
0.54	GPBFX	Gmo E Plus	Pair Corr
0.63	VZ	Verizon Communications	Pair Corr
0.51	KO	Coca Cola	Pair Corr
0.47	JNJ	Johnson Johnson	Pair Corr
0.42	T	ATT Inc Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	SNCAX	RGVCX	GVPIX	GANPX	TWTIX	USGDX	BMBSX	HHMYX
SNCAX		0.82	0.81	0.89	0.98	0.84	0.99	0.97	SNCAX
RGVCX	0.82		0.91	0.9	0.78	0.97	0.86	0.84	RGVCX
GVPIX	0.81	0.91		0.77	0.78	0.97	0.84	0.79	GVPIX
GANPX	0.89	0.9	0.77		0.9	0.86	0.93	0.95	GANPX
TWTIX	0.98	0.78	0.78	0.9		0.81	0.98	0.99	TWTIX
USGDX	0.84	0.97	0.97	0.86	0.81		0.88	0.84	USGDX
BMBSX	0.99	0.86	0.84	0.93	0.98	0.88		0.99	BMBSX
HHMYX	0.97	0.84	0.79	0.95	0.99	0.84	0.99		HHMYX
	SNCAX	RGVCX	GVPIX	GANPX	TWTIX	USGDX	BMBSX	HHMYX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Mid 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 Mid'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
SNCAX	0.12	(0.01)	0.27	(0.26)	0.16	(0.15)	0.29	(0.29)	0.73
RGVCX	0.24	0.03	0.29	0.88	0.20	(0.30)	0.51	(0.42)	1.38
GVPIX	0.76	0.01	0.08	0.11	0.86	(0.83)	1.96	(1.45)	3.76
GANPX	0.06	0.00	0.42	0.03	0.00	(0.12)	0.10	(0.10)	0.48
TWTIX	0.14	(0.01)	0.00	(0.31)	0.00	0.00	0.37	(0.37)	0.94
USGDX	0.66	0.05	0.13	0.83	0.72	(0.80)	1.45	(1.37)	3.93
BMBSX	0.11	(0.01)	0.27	(0.26)	0.15	(0.13)	0.18	(0.26)	0.71
HHMYX	0.13	0.00	0.22	(0.17)	0.17	(0.19)	0.36	(0.36)	0.84

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