Active Portfolios Correlations

CZAMX Fund

USD 9.08 0.02 0.22%

The current 90-days correlation between Active Portfolios Multi and Columbia Porate Income is 0.14 (i.e., Average diversification). The correlation of Active Portfolios 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.

Active Portfolios Correlation With Market

Modest diversification

The correlation between Active Portfolios Multi Manage and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Active Portfolios Multi Manage 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 Active Portfolios Multi Manager. 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 population.

Moving together with Active Mutual Fund

0.69	CDAZX	Multi-manager Directional	Pair Corr
0.75	CDDYX	Columbia Dividend Income	Pair Corr
0.75	CDDRX	Columbia Dividend Income	Pair Corr
0.75	CDEYX	Columbia Diversified	Pair Corr
0.75	CDIRX	Columbia Dividend Income	Pair Corr
0.71	AMTCX	Columbia Capital All	Pair Corr
0.72	CDOZX	Columbia Dividend	Pair Corr
0.62	CDOYX	Columbia Dividend	Pair Corr
0.75	CDVZX	Columbia Diversified	Pair Corr
0.72	CVQZX	Columbia Disciplined	Pair Corr
0.73	CEVYX	Columbia Global Equity	Pair Corr
0.73	CFCYX	Columbia Flexible Capital	Pair Corr
0.73	CFIZX	Columbia Flexible Capital	Pair Corr
0.73	CFXRX	Columbia Flexible Capital	Pair Corr
0.65	APECX	Columbia High Yield	Pair Corr
0.7	CGEZX	Columbia Select Global	Pair Corr

Related Correlations Analysis

	SRINX	CUSBX	CUTRX	CDAZX	CUURX	CUTYX	CDDYX	CDDRX	CDEYX	CDIRX
SRINX		0.85	0.97	-0.11	-0.56	0.97	0.5	0.5	0.29	0.49	SRINX
CUSBX	0.85		0.87	-0.1	-0.55	0.87	0.45	0.44	0.25	0.43	CUSBX
CUTRX	0.97	0.87		-0.3	-0.72	1.0	0.32	0.32	0.1	0.3	CUTRX
CDAZX	-0.11	-0.1	-0.3		0.77	-0.3	0.72	0.73	0.85	0.74	CDAZX
CUURX	-0.56	-0.55	-0.72	0.77		-0.72	0.29	0.3	0.51	0.31	CUURX
CUTYX	0.97	0.87	1.0	-0.3	-0.72		0.32	0.32	0.1	0.3	CUTYX
CDDYX	0.5	0.45	0.32	0.72	0.29	0.32		1.0	0.95	1.0	CDDYX
CDDRX	0.5	0.44	0.32	0.73	0.3	0.32	1.0		0.96	1.0	CDDRX
CDEYX	0.29	0.25	0.1	0.85	0.51	0.1	0.95	0.96		0.96	CDEYX
CDIRX	0.49	0.43	0.3	0.74	0.31	0.3	1.0	1.0	0.96		CDIRX
	SRINX	CUSBX	CUTRX	CDAZX	CUURX	CUTYX	CDDYX	CDDRX	CDEYX	CDIRX

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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

CUTYX	+ 1.0	CUTRX
CDDRX	+ 1.0	CDDYX
CDIRX	+ 1.0	CDDYX
CDIRX	+ 1.0	CDDRX
CUTRX	+ 0.97	SRINX
CUTYX	+ 0.97	SRINX

High negative correlations

CUTYX	- 0.72	CUURX
CUURX	- 0.72	CUTRX
CUURX	- 0.56	SRINX
CUURX	- 0.55	CUSBX
CUTYX	- 0.3	CDAZX
CDAZX	- 0.3	CUTRX

Risk-Adjusted Indicators

There is a big difference between Active Mutual Fund performing well and Active Portfolios 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 Active Portfolios' 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
SRINX	0.23	0.02	0.14	0.19	0.19	(0.27)	0.55	(0.44)	1.45
CUSBX	0.05	0.01	0.00	(0.40)	0.00	0.00	0.11	0.00	0.66
CUTRX	0.24	0.02	0.17	1.52	0.18	(0.28)	0.51	(0.41)	1.24
CDAZX	0.57	(0.01)	0.02	(0.13)	0.83	(0.54)	0.94	(1.23)	4.20
CUURX	0.88	(0.02)	0.00	(0.05)	0.00	0.00	1.82	(1.78)	5.07
CUTYX	0.23	0.02	0.18	1.07	0.15	(0.28)	0.51	(0.41)	1.24
CDDYX	0.60	0.04	0.09	(0.39)	0.65	(0.67)	1.06	(1.26)	3.03
CDDRX	0.60	0.04	0.09	(0.37)	0.65	(0.67)	1.03	(1.29)	3.03
CDEYX	0.61	0.03	0.07	(0.41)	0.72	(0.67)	1.35	(1.21)	3.46
CDIRX	0.60	0.03	0.09	(0.36)	0.65	(0.66)	1.05	(1.26)	2.97

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