Columbia Large Correlations

CWSRX Fund

USD 15.37 0.02 0.13%

The current 90-days correlation between Columbia Large Cap and Franklin Emerging Market is 0.06 (i.e., Significant diversification). The correlation of Columbia Large 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 Large Correlation With Market

Very weak diversification

The correlation between Columbia Large Cap and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Large 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 Large 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

0.84	CWSGX	Chartwell Small Cap	Pair Corr
1.0	CWSAX	Carillon Chartwell Small	Pair Corr
1.0	CWSBX	Carillon Chartwell Small	Pair Corr
0.87	UMBHX	Scout Small Cap	Pair Corr
0.67	BERDX	Carillon Chartwell Mid	Pair Corr
0.72	HRAUX	Eagle Mid Cap	Pair Corr
0.73	HRCPX	Eagle Capital Apprec	Pair Corr
0.73	HRCUX	Eagle Capital Apprec	Pair Corr

Moving against Columbia Mutual Fund

0.8	SCPEX	Carillon Reams Core	Pair Corr
0.79	SUBTX	Carillon Reams Uncon	Pair Corr
0.74	SUBDX	Carillon Reams Uncon	Pair Corr
0.74	SUBFX	Scout Unconstrained Bond	Pair Corr
0.74	SUBEX	Carillon Reams Uncon	Pair Corr
0.74	SCPDX	Carillon Reams Core	Pair Corr
0.74	SCPWX	Carillon Reams Core	Pair Corr
0.74	SCPZX	Scout E Plus	Pair Corr
0.7	SCCIX	Scout E Bond	Pair Corr
0.69	CWFAX	Chartwell Short Duration	Pair Corr
0.67	CWFRX	Carillon Chartwell Short	Pair Corr
0.6	BERGX	Carillon Chartwell Real	Pair Corr
0.58	BERHX	Carillon Chartwell Real	Pair Corr
0.55	CWFCX	Carillon Chartwell Short	Pair Corr
0.55	BERSX	Carillon Chartwell Real	Pair Corr
0.53	BERIX	Berwyn Income	Pair Corr
0.52	CWFIX	Chartwell Short Duration	Pair Corr
0.84	CRCUX	Carillon Reams Core	Pair Corr
0.83	CRCBX	Carillon Reams Core	Pair Corr
0.7	CRCDX	Carillon Reams Core	Pair Corr
0.65	EISVX	Eagle International Stock	Pair Corr
0.65	EISIX	Eagle International Stock	Pair Corr
0.65	EISDX	Eagle International Stock	Pair Corr
0.52	EISAX	Eagle International Stock	Pair Corr

Related Correlations Analysis

	FEMDX	REMVX	SEDAX	CDHIX	DBELX	QMNIX
FEMDX		0.8	0.95	0.94	0.84	0.91	FEMDX
REMVX	0.8		0.86	0.92	0.96	0.82	REMVX
SEDAX	0.95	0.86		0.96	0.92	0.92	SEDAX
CDHIX	0.94	0.92	0.96		0.94	0.9	CDHIX
DBELX	0.84	0.96	0.92	0.94		0.87	DBELX
QMNIX	0.91	0.82	0.92	0.9	0.87		QMNIX
	FEMDX	REMVX	SEDAX	CDHIX	DBELX	QMNIX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Large 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 Large'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
FEMDX	0.15	0.02	0.27	2.24	0.00	(0.20)	0.42	(0.26)	1.11
REMVX	0.80	0.06	0.09	(1.19)	0.94	(0.87)	1.67	(1.56)	5.76
SEDAX	0.25	0.02	0.18	0.38	0.19	(0.33)	0.59	(0.36)	1.30
CDHIX	0.68	0.06	0.10	(0.29)	0.83	(0.72)	1.44	(1.51)	4.90
DBELX	0.33	0.02	0.16	2.30	0.28	(0.44)	0.71	(0.58)	1.78
QMNIX	0.30	0.14	0.45	0.89	0.00	(0.41)	0.68	(0.39)	1.97

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