Columbia Integrated Correlations

ILVBX Fund

USD 10.26 0.02 0.19%

The current 90-days correlation between Columbia Integrated Large and Gmo High Yield is 0.05 (i.e., Significant 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

Significant diversification

The correlation between Columbia Integrated Large and DJI is 0.04 (i.e., Significant 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 bureau of labor statistics.

Moving together with Columbia Mutual Fund

0.94	ILGCX	Columbia Integrated Large	Pair Corr
0.94	ILGGX	Columbia Integrated Large	Pair Corr
0.94	ILGJX	Columbia Integrated Large	Pair Corr
0.9	SSCVX	Columbia Select Smaller	Pair Corr
1.0	ILVFX	Columbia Integrated Large	Pair Corr
0.62	LHIAX	Columbia High Yield	Pair Corr
0.69	IMNTX	Columbia Minnesota Tax	Pair Corr
0.68	LIACX	Columbia Acorn	Pair Corr
0.86	SCICX	Columbia Seligman	Pair Corr
0.93	INDZX	Columbia Diversified	Pair Corr
0.78	INTAX	Columbia Strategic	Pair Corr
0.84	INUTX	Columbia Dividend	Pair Corr
0.62	CGOAX	Columbia Small Cap	Pair Corr
0.64	NACMX	Columbia Amt Free	Pair Corr
0.68	PISDX	Columbia Pyrford Int	Pair Corr
0.69	PISLX	Columbia Pyrford Int	Pair Corr
0.69	PISOX	Columbia Pyrford Int	Pair Corr
0.69	PISJX	Columbia Pyrford Int	Pair Corr
0.69	PISQX	Columbia Pyrford Int	Pair Corr
0.92	AQEAX	Columbia Disciplined	Pair Corr
0.73	SVLCX	Columbia Select Large	Pair Corr
0.73	NBICX	Columbia Capital All	Pair Corr
0.72	NBIAX	Columbia Capital All	Pair Corr
0.87	NTIAX	Columbia Mid Cap	Pair Corr

Moving against Columbia Mutual Fund

0.67	CUSOX	Columbia Ultra Short	Pair Corr
0.42	NSTRX	Columbia Short Term	Pair Corr

Related Correlations Analysis

	GHVIX	DNHYX	PHIAX	VRHYX	PBHAX	IPIMX	PYRLX	PRHYX
GHVIX		0.98	0.98	0.94	0.96	0.94	0.98	0.94	GHVIX
DNHYX	0.98		0.98	0.96	0.96	0.93	0.99	0.92	DNHYX
PHIAX	0.98	0.98		0.94	0.95	0.93	0.97	0.92	PHIAX
VRHYX	0.94	0.96	0.94		0.97	0.94	0.96	0.93	VRHYX
PBHAX	0.96	0.96	0.95	0.97		0.96	0.96	0.94	PBHAX
IPIMX	0.94	0.93	0.93	0.94	0.96		0.94	0.98	IPIMX
PYRLX	0.98	0.99	0.97	0.96	0.96	0.94		0.93	PYRLX
PRHYX	0.94	0.92	0.92	0.93	0.94	0.98	0.93		PRHYX
	GHVIX	DNHYX	PHIAX	VRHYX	PBHAX	IPIMX	PYRLX	PRHYX

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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
GHVIX	0.15	0.02	0.21	(0.80)	0.00	(0.17)	0.30	(0.24)	0.90
DNHYX	0.14	0.03	0.20	8.09	0.00	(0.18)	0.23	(0.23)	0.93
PHIAX	0.11	0.01	0.16	0.56	0.00	(0.16)	0.23	(0.23)	0.91
VRHYX	0.16	0.03	0.16	14.24	0.00	(0.33)	0.52	(0.26)	1.05
PBHAX	0.15	0.03	0.19	(0.68)	0.00	(0.32)	0.63	(0.21)	1.06
IPIMX	0.14	0.02	0.17	0.51	0.00	(0.20)	0.46	(0.23)	1.04
PYRLX	0.13	0.01	0.13	(0.69)	0.03	(0.20)	0.31	(0.32)	0.79
PRHYX	0.14	0.02	0.17	0.30	0.00	(0.27)	0.51	(0.17)	1.18

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