Columbia Large Correlations

LEGCX Fund

USD 45.53 0.18 0.40%

The current 90-days correlation between Columbia Large Cap and Dodge Cox Stock is 0.64 (i.e., Poor 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

Poor diversification

The correlation between Columbia Large Cap and DJI is 0.6 (i.e., Poor 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 main economic indicators.

Moving together with Columbia Mutual Fund

0.99	ILGCX	Columbia Integrated Large	Pair Corr
0.99	ILGGX	Columbia Integrated Large	Pair Corr
0.99	ILGJX	Columbia Integrated Large	Pair Corr
0.91	SSCVX	Columbia Select Smaller	Pair Corr
0.75	ILVBX	Columbia Integrated Large	Pair Corr
0.75	ILVFX	Columbia Integrated Large	Pair Corr
0.92	LIACX	Columbia Acorn	Pair Corr
0.97	SCICX	Columbia Seligman	Pair Corr
0.9	PHIKX	Columbia Vertible	Pair Corr
0.95	CGOAX	Columbia Small Cap	Pair Corr
0.97	AQEAX	Columbia Disciplined	Pair Corr
0.99	NSGAX	Columbia Select Large	Pair Corr
0.98	UMLAX	Columbia Select Large	Pair Corr

Moving against Columbia Mutual Fund

0.69	LIBAX	Columbia Total Return	Pair Corr
0.65	CUSOX	Columbia Ultra Short	Pair Corr
0.53	SRIJX	Columbia Corporate Income	Pair Corr
0.52	LIIAX	Columbia Porate Income	Pair Corr
0.31	LITAX	Columbia Amt Free	Pair Corr
0.7	UMMDX	Columbia Bond	Pair Corr
0.67	NSTRX	Columbia Short Term	Pair Corr
0.57	PISDX	Columbia Pyrford Int	Pair Corr
0.57	PISJX	Columbia Pyrford Int	Pair Corr
0.57	PISQX	Columbia Pyrford Int	Pair Corr
0.56	PISLX	Columbia Pyrford Int	Pair Corr
0.56	PISOX	Columbia Pyrford Int	Pair Corr
0.52	NSMMX	Columbia Short Term	Pair Corr

Related Correlations Analysis

	DOXGX	PAVLX	VAAGX	FCLKX	TALCX	JDVNX	CMIFX
DOXGX		0.99	0.7	0.59	0.82	0.23	0.51	DOXGX
PAVLX	0.99		0.68	0.57	0.8	0.24	0.53	PAVLX
VAAGX	0.7	0.68		0.89	0.96	0.71	-0.19	VAAGX
FCLKX	0.59	0.57	0.89		0.88	0.62	-0.36	FCLKX
TALCX	0.82	0.8	0.96	0.88		0.64	-0.02	TALCX
JDVNX	0.23	0.24	0.71	0.62	0.64		-0.4	JDVNX
CMIFX	0.51	0.53	-0.19	-0.36	-0.02	-0.4		CMIFX
	DOXGX	PAVLX	VAAGX	FCLKX	TALCX	JDVNX	CMIFX

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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

PAVLX	+ 0.99	DOXGX
TALCX	+ 0.96	VAAGX
FCLKX	+ 0.89	VAAGX
TALCX	+ 0.88	FCLKX
TALCX	+ 0.82	DOXGX
TALCX	+ 0.8	PAVLX

High negative correlations

CMIFX	- 0.4	JDVNX
CMIFX	- 0.36	FCLKX
CMIFX	- 0.19	VAAGX
CMIFX	- 0.02	TALCX

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
DOXGX	0.63	0.06	0.08	0.01	0.89	(0.61)	1.30	(1.41)	3.35
PAVLX	0.62	0.04	0.09	0.01	0.76	(0.70)	1.20	(1.16)	3.20
VAAGX	0.71	(0.05)	0.00	(0.13)	0.00	0.00	1.22	(1.63)	3.33
FCLKX	0.81	0.00	0.00	(0.07)	0.00	0.00	1.58	(2.15)	5.00
TALCX	0.65	(0.01)	0.00	(0.09)	0.00	0.00	1.36	(1.38)	3.68
JDVNX	0.85	(0.18)	0.00	(0.31)	0.00	0.00	1.18	(1.95)	10.15
CMIFX	0.07	0.01	0.53	2.15	0.00	(0.12)	0.10	(0.10)	0.41

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