Columbia Large Correlations

GEGTX Fund

USD 70.10 0.28 0.40%

The current 90-days correlation between Columbia Large Cap and Blackrock Science Technology is -0.25 (i.e., Very good 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

Good diversification

The correlation between Columbia Large Cap and DJI is -0.1 (i.e., Good 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 Risk vs Return Analysis 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 estimate.

Moving together with Columbia Mutual Fund

0.83	CDAZX	Multi-manager Directional	Pair Corr
0.93	CUURX	Columbia Small Cap	Pair Corr
0.61	AMTCX	Columbia Capital All	Pair Corr
0.89	CVERX	Columbia Mid Cap	Pair Corr
0.73	CVQZX	Columbia Disciplined	Pair Corr
0.92	SSVIX	Columbia Select Smaller	Pair Corr
0.84	CLM	Cornerstone Strategic	Pair Corr
0.97	SCIRX	Columbia Seligman	Pair Corr
0.97	SCMIX	Columbia Seligman	Pair Corr
0.8	CGEZX	Columbia Select Global	Pair Corr
1.0	CGFYX	Columbia Large Cap	Pair Corr
0.95	CXXRX	Columbia Small Cap	Pair Corr
0.99	CGQYX	Columbia Disciplined	Pair Corr
0.98	CGTYX	Columbia Seligman Global	Pair Corr
0.98	CGTUX	Columbia Global Tech	Pair Corr
0.98	CGTRX	Columbia Select Large	Pair Corr
1.0	CGWRX	Columbia Large Cap	Pair Corr
0.89	NAMAX	Columbia Mid Cap	Pair Corr

Moving against Columbia Mutual Fund

0.71	LIBCX	Columbia Total Return	Pair Corr
0.62	CUSBX	Columbia Ultra Short	Pair Corr
0.62	CGCYX	Columbia Greater China	Pair Corr
0.53	CEBYX	Columbia Emerging Markets	Pair Corr
0.49	SRINX	Columbia Porate Income	Pair Corr
0.72	UMMGX	Columbia Bond	Pair Corr
0.51	NSMIX	Columbia Short Term	Pair Corr
0.39	RSERX	Victory Sophus Emerging	Pair Corr
0.31	CHMYX	Columbia High Yield	Pair Corr

Related Correlations Analysis

	BSTSX	WFTIX	DTEYX	WFSTX	FRBRX
BSTSX		0.93	0.97	0.93	0.18	BSTSX
WFTIX	0.93		0.98	1.0	0.25	WFTIX
DTEYX	0.97	0.98		0.98	0.19	DTEYX
WFSTX	0.93	1.0	0.98		0.25	WFSTX
FRBRX	0.18	0.25	0.19	0.25		FRBRX
	BSTSX	WFTIX	DTEYX	WFSTX	FRBRX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BSTSX	1.48	(0.10)	(0.16)	2.37	(3.69)	9.07
WFTIX	0.90	(0.07)	(0.14)	1.72	(2.29)	4.88
DTEYX	1.37	(0.06)	(0.12)	2.50	(3.77)	7.35
WFSTX	0.90	(0.07)	(0.14)	1.71	(2.25)	4.93
FRBRX	1.13	(0.08)	(0.20)	2.24	(2.46)	9.46

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