Columbia Large Correlations

LEGAX Fund

USD 65.02 0.26 0.40%

The current 90-days correlation between Columbia Large Cap and Morningstar Global Income is -0.1 (i.e., 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 Correlation 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 nation.

Moving together with Columbia Mutual Fund

0.77	AGTHX	Growth Fund	Pair Corr
0.83	AXP	American Express	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.62	DIS	Walt Disney	Pair Corr
0.7	BA	Boeing	Pair Corr
0.61	WMT	Walmart	Pair Corr
0.7	JPM	JPMorgan Chase	Pair Corr

Moving against Columbia Mutual Fund

0.62	VZ	Verizon Communications	Pair Corr
0.45	KO	Coca Cola	Pair Corr
0.42	MCD	McDonalds	Pair Corr
0.41	PG	Procter Gamble	Pair Corr
0.34	XOM	Exxon Mobil Corp	Pair Corr

Related Correlations Analysis

	MSTGX	TEDIX	TACLX	GARGX	XEHIX	LMLRX	CABIX	DHGCX
MSTGX		0.81	0.67	0.76	0.08	0.55	0.7	0.81	MSTGX
TEDIX	0.81		0.58	0.68	0.43	0.49	0.59	0.73	TEDIX
TACLX	0.67	0.58		0.9	0.48	0.93	0.93	0.66	TACLX
GARGX	0.76	0.68	0.9		0.5	0.84	0.89	0.82	GARGX
XEHIX	0.08	0.43	0.48	0.5		0.59	0.51	0.36	XEHIX
LMLRX	0.55	0.49	0.93	0.84	0.59		0.96	0.56	LMLRX
CABIX	0.7	0.59	0.93	0.89	0.51	0.96		0.7	CABIX
DHGCX	0.81	0.73	0.66	0.82	0.36	0.56	0.7		DHGCX
	MSTGX	TEDIX	TACLX	GARGX	XEHIX	LMLRX	CABIX	DHGCX

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MSTGX	0.31	0.07	0.23	0.14	0.34	(0.34)	0.74	(0.62)	1.58
TEDIX	0.66	0.01	0.00	(0.06)	0.00	0.00	1.01	(1.47)	7.35
TACLX	0.65	0.01	0.00	(0.06)	0.00	0.00	1.26	(1.48)	3.10
GARGX	0.79	0.01	0.00	(0.06)	0.00	0.00	1.37	(1.79)	4.42
XEHIX	0.21	(0.03)	0.00	(0.35)	0.00	0.00	0.43	(0.71)	1.74
LMLRX	0.33	0.01	0.00	(0.05)	0.00	0.00	0.61	(0.69)	2.17
CABIX	0.38	0.01	0.00	(0.05)	0.00	0.00	0.73	(0.80)	2.58
DHGCX	0.17	0.00	0.24	(0.17)	0.21	(0.22)	0.36	(0.36)	1.46

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