Columbia Dividend Correlations
| LBSAX Fund | USD 33.62 0.10 0.30% |
The current 90-days correlation between Columbia Dividend Income and Nomura Real Estate is 0.24 (i.e., Modest diversification). The correlation of Columbia Dividend 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 Dividend Correlation With Market
Very poor diversification
The correlation between Columbia Dividend Income and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Dividend Income and DJI in the same portfolio, assuming nothing else is changed.
Columbia |
Moving together with Columbia Mutual Fund
| 0.95 | CDOAX | Columbia Dividend | PairCorr |
| 0.8 | ILVBX | Columbia Integrated Large | PairCorr |
| 0.81 | ILVFX | Columbia Integrated Large | PairCorr |
| 0.87 | IMRFX | Columbia Global Oppo | PairCorr |
| 0.97 | CFIGX | Columbia Flexible Capital | PairCorr |
| 0.97 | CFIAX | Columbia Flexible Capital | PairCorr |
| 0.95 | INDZX | Columbia Diversified | PairCorr |
| 0.72 | INEAX | Columbia High Yield | PairCorr |
| 0.91 | INUTX | Columbia Dividend | PairCorr |
| 0.81 | SVLCX | Columbia Select Large | PairCorr |
| 0.84 | NBGDX | Columbia Capital Alloc | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Columbia Mutual Fund performing well and Columbia Dividend 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 Dividend'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NMMRF | 0.07 | 0.03 | 0.00 | 0.37 | 0.00 | 0.00 | 2.35 | |||
| RRSCX | 0.77 | (0.04) | 0.00 | (0.05) | 0.00 | 1.56 | 4.16 | |||
| ZRPTUX | 0.06 | 0.00 | (0.02) | (0.27) | 0.09 | 0.15 | 0.98 | |||
| REPIX | 1.42 | (0.04) | 0.00 | (0.03) | 0.00 | 2.69 | 7.54 | |||
| TIREX | 0.93 | (0.05) | 0.00 | (0.07) | 0.00 | 1.76 | 4.81 | |||
| VGSIX | 0.93 | (0.02) | 0.00 | 0.05 | 0.00 | 1.73 | 4.57 | |||
| FIKMX | 0.27 | 0.02 | 0.03 | 0.09 | 0.30 | 0.59 | 1.36 |