Columbia High Correlations

LHIAX Fund

USD 9.43 0.02 0.21%

The current 90-days correlation between Columbia High Yield and Pace High Yield is 0.28 (i.e., Modest diversification). The correlation of Columbia High 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 High Correlation With Market

Very good diversification

The correlation between Columbia High Yield and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia High Yield 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 High Yield. 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

0.97	IMNTX	Columbia Minnesota Tax	Pair Corr
0.71	LIIAX	Columbia Porate Income	Pair Corr
0.97	INTAX	Columbia Strategic	Pair Corr
0.96	LITAX	Columbia Amt Free	Pair Corr
0.96	LITCX	Columbia Amt Free	Pair Corr
0.96	NACMX	Columbia Amt Free	Pair Corr
0.97	NSMMX	Columbia Short Term	Pair Corr
0.7	NSTRX	Columbia Short Term	Pair Corr

Related Correlations Analysis

	PHDTX	VGSTX	AGTFX	MWHIX	JTLAX	CBSYX	GGMPX	LBETX
PHDTX		0.8	0.91	0.62	0.91	0.44	0.77	0.9	PHDTX
VGSTX	0.8		0.9	0.6	0.9	0.79	0.72	0.76	VGSTX
AGTFX	0.91	0.9		0.44	1.0	0.49	0.63	0.95	AGTFX
MWHIX	0.62	0.6	0.44		0.45	0.59	0.93	0.34	MWHIX
JTLAX	0.91	0.9	1.0	0.45		0.49	0.63	0.95	JTLAX
CBSYX	0.44	0.79	0.49	0.59	0.49		0.62	0.28	CBSYX
GGMPX	0.77	0.72	0.63	0.93	0.63	0.62		0.53	GGMPX
LBETX	0.9	0.76	0.95	0.34	0.95	0.28	0.53		LBETX
	PHDTX	VGSTX	AGTFX	MWHIX	JTLAX	CBSYX	GGMPX	LBETX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia High 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 High'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
PHDTX	0.09	0.02	(0.67)	0.41	0.00	(0.15)	0.23	(0.11)	0.56
VGSTX	0.37	(0.03)	(0.16)	0.07	0.45	(0.36)	0.78	(0.88)	2.22
AGTFX	0.52	(0.03)	(0.09)	0.09	0.55	(0.61)	1.15	(0.88)	3.06
MWHIX	0.10	0.01	(0.77)	1.23	0.00	(0.19)	0.22	(0.21)	0.65
JTLAX	0.53	(0.03)	(0.08)	0.09	0.59	(0.57)	1.06	(0.92)	3.08
CBSYX	0.32	(0.02)	(0.24)	0.07	0.36	(0.35)	0.62	(0.67)	1.85
GGMPX	0.12	0.01	(0.47)	0.29	0.00	(0.26)	0.35	(0.18)	1.07
LBETX	0.22	0.00	(0.23)	0.12	0.21	(0.26)	0.45	(0.52)	1.42

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Columbia High Correlations

Columbia High Correlation With Market

Very good diversification

Moving together with Columbia Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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