Columbia Integrated Correlations

ILGJX Fund

USD 24.50 0.17 0.70%

The current 90-days correlation between Columbia Integrated Large and Blackrock Sm Cap is 0.66 (i.e., Poor diversification). The correlation of Columbia Integrated 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 Integrated Correlation With Market

Poor diversification

The correlation between Columbia Integrated Large and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Integrated Large 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 Integrated Large. 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 inflation.

Moving together with Columbia Mutual Fund

0.85	CUSOX	Columbia Ultra Short	Pair Corr
1.0	ILGCX	Columbia Integrated Large	Pair Corr
1.0	ILGGX	Columbia Integrated Large	Pair Corr
0.88	ILGFX	Columbia Integrated Large	Pair Corr
0.9	SSCVX	Columbia Select Smaller	Pair Corr
0.94	ILVBX	Columbia Integrated Large	Pair Corr
0.94	ILVFX	Columbia Integrated Large	Pair Corr
0.84	ILVEX	Columbia Integrated Large	Pair Corr
0.91	CFIGX	Columbia Flexible Capital	Pair Corr
0.92	CFIAX	Columbia Flexible Capital	Pair Corr
0.96	LIACX	Columbia Acorn	Pair Corr
0.98	SCICX	Columbia Seligman	Pair Corr
0.95	PHIKX	Columbia Convertible	Pair Corr
0.93	INDZX	Columbia Diversified	Pair Corr
0.92	INUTX	Columbia Dividend	Pair Corr
0.96	CGOAX	Columbia Small Cap	Pair Corr
1.0	AQEAX	Columbia Disciplined	Pair Corr
0.9	SVLCX	Columbia Select Large	Pair Corr
0.99	NSGAX	Columbia Select Large	Pair Corr
0.82	NBICX	Columbia Capital All	Pair Corr
0.84	NBIAX	Columbia Capital All	Pair Corr
0.94	NTIAX	Columbia Mid Cap	Pair Corr
0.9	RBGCX	Columbia Capital All	Pair Corr

Moving against Columbia Mutual Fund

0.79	LIBAX	Columbia Total Return	Pair Corr
0.69	PISJX	Columbia Pyrford Int	Pair Corr
0.68	PISLX	Columbia Pyrford Int	Pair Corr
0.65	LIIAX	Columbia Porate Income	Pair Corr
0.37	NACMX	Columbia Amt Free	Pair Corr
0.82	AUGCX	Columbia Government	Pair Corr
0.77	CLMAX	Columbia Mortgage	Pair Corr
0.67	CLSCX	Columbia Strategic Income	Pair Corr
0.39	ABDAX	Columbia Capital All	Pair Corr

Related Correlations Analysis

	MDSKX	RTOUX	TSMMX	NSIDX	USCAX	JDJRX
MDSKX		1.0	0.99	1.0	0.98	-0.25	MDSKX
RTOUX	1.0		0.99	0.99	0.99	-0.19	RTOUX
TSMMX	0.99	0.99		0.98	0.96	-0.25	TSMMX
NSIDX	1.0	0.99	0.98		0.98	-0.26	NSIDX
USCAX	0.98	0.99	0.96	0.98		-0.16	USCAX
JDJRX	-0.25	-0.19	-0.25	-0.26	-0.16		JDJRX
	MDSKX	RTOUX	TSMMX	NSIDX	USCAX	JDJRX

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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

RTOUX	+ 1.0	MDSKX
NSIDX	+ 1.0	MDSKX
TSMMX	+ 0.99	MDSKX
TSMMX	+ 0.99	RTOUX
NSIDX	+ 0.99	RTOUX
USCAX	+ 0.99	RTOUX

High negative correlations

JDJRX	- 0.26	NSIDX
JDJRX	- 0.25	TSMMX
JDJRX	- 0.25	MDSKX
JDJRX	- 0.19	RTOUX
JDJRX	- 0.16	USCAX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Integrated 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 Integrated'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
MDSKX	0.92	(0.03)	0.03	0.11	0.91	(0.97)	2.08	(1.62)	7.61
RTOUX	0.79	(0.04)	0.00	0.10	0.83	(0.86)	1.78	(1.45)	6.26
TSMMX	0.76	0.03	0.06	0.15	0.78	(0.86)	1.74	(1.44)	5.61
NSIDX	0.88	(0.01)	0.03	0.12	0.88	(1.01)	2.13	(1.79)	7.65
USCAX	0.93	(0.07)	(0.01)	0.08	0.94	(1.08)	2.07	(1.70)	7.45
JDJRX	0.44	(0.07)	0.00	(0.06)	0.00	0.00	1.00	(0.89)	2.54

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