Columbia Disciplined Correlations

CVQZX Fund

USD 8.66 0.01 0.12%

The current 90-days correlation between Columbia Disciplined and Mfs Diversified Income is 0.79 (i.e., Poor diversification). The correlation of Columbia Disciplined 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 Disciplined Correlation With Market

Very poor diversification

The correlation between Columbia Disciplined Value and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Disciplined Value 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 Disciplined Value. 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 nation.

Moving together with Columbia Mutual Fund

0.77	CDAZX	Multi-manager Directional	Pair Corr
0.76	CUURX	Columbia Small Cap	Pair Corr
0.76	CDDYX	Columbia Dividend Income	Pair Corr
0.76	CDDRX	Columbia Dividend Income	Pair Corr
0.87	CDEYX	Columbia Diversified	Pair Corr
0.89	CDIRX	Columbia Dividend Income	Pair Corr
0.79	AMTCX	Columbia Capital All	Pair Corr
0.66	CDOZX	Columbia Dividend	Pair Corr
0.77	CDOYX	Columbia Dividend	Pair Corr
0.83	CVERX	Columbia Mid Cap	Pair Corr
0.97	CDVZX	Columbia Diversified	Pair Corr
0.78	CECYX	Columbia Large Cap	Pair Corr
0.65	SSVIX	Columbia Select Smaller	Pair Corr
0.68	CEVYX	Columbia Global Equity	Pair Corr
0.84	CEVZX	Columbia Global Equity	Pair Corr
0.67	GEGTX	Columbia Large Cap	Pair Corr
0.71	CFCYX	Columbia Flexible Capital	Pair Corr
0.73	CFCIX	Columbia Large Cap	Pair Corr
0.69	CLM	Cornerstone Strategic	Pair Corr
0.83	CFIZX	Columbia Flexible Capital	Pair Corr
0.65	SCIRX	Columbia Seligman	Pair Corr
0.66	SCMIX	Columbia Seligman	Pair Corr
0.83	CFXRX	Columbia Flexible Capital	Pair Corr
0.94	CGEZX	Columbia Select Global	Pair Corr

Related Correlations Analysis

	DIFIX	PHTTX	MDBLX	ACBPX	PGBAX	HIIDX	SRDAX	ACDOX
DIFIX		0.69	0.95	0.96	0.95	0.92	-0.33	0.92	DIFIX
PHTTX	0.69		0.48	0.5	0.61	0.63	0.01	0.43	PHTTX
MDBLX	0.95	0.48		0.99	0.95	0.89	-0.39	0.96	MDBLX
ACBPX	0.96	0.5	0.99		0.95	0.88	-0.4	0.96	ACBPX
PGBAX	0.95	0.61	0.95	0.95		0.91	-0.34	0.96	PGBAX
HIIDX	0.92	0.63	0.89	0.88	0.91		-0.23	0.87	HIIDX
SRDAX	-0.33	0.01	-0.39	-0.4	-0.34	-0.23		-0.43	SRDAX
ACDOX	0.92	0.43	0.96	0.96	0.96	0.87	-0.43		ACDOX
	DIFIX	PHTTX	MDBLX	ACBPX	PGBAX	HIIDX	SRDAX	ACDOX

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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

ACBPX	+ 0.99	MDBLX
ACBPX	+ 0.96	DIFIX
ACDOX	+ 0.96	MDBLX
ACDOX	+ 0.96	ACBPX
ACDOX	+ 0.96	PGBAX
MDBLX	+ 0.95	DIFIX

High negative correlations

ACDOX	- 0.43	SRDAX
SRDAX	- 0.4	ACBPX
SRDAX	- 0.39	MDBLX
SRDAX	- 0.34	PGBAX
SRDAX	- 0.33	DIFIX
SRDAX	- 0.23	HIIDX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Disciplined 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 Disciplined'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	0.01	0.01	0.02	0.35	(0.33)	0.58	(0.57)	1.51
PHTTX	0.35	(0.01)	0.00	(0.03)	0.00	0.00	0.67	(0.67)	1.95
MDBLX	0.23	0.01	0.04	0.26	0.18	(0.30)	0.50	(0.38)	1.38
ACBPX	0.25	0.01	0.02	0.31	0.23	(0.30)	0.56	(0.44)	1.23
PGBAX	0.14	0.01	0.01	(0.12)	0.09	(0.18)	0.34	(0.25)	0.85
HIIDX	0.61	0.07	0.08	0.13	0.75	(0.63)	1.27	(0.97)	5.23
SRDAX	0.17	0.00	0.00	0.00	0.18	(0.20)	0.29	(0.37)	0.76
ACDOX	0.25	0.01	0.02	(0.09)	0.24	(0.30)	0.55	(0.44)	1.46

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