Columbia Total Correlations

LIBCX Fund

USD 30.26 0.17 0.56%

The current 90-days correlation between Columbia Total Return and Investec Emerging Markets is -0.08 (i.e., Good diversification). The correlation of Columbia Total 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 Total Correlation With Market

Significant diversification

The correlation between Columbia Total Return and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Total Return 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 Total Return. 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

0.97	SRINX	Columbia Porate Income	Pair Corr
0.8	CUSBX	Columbia Ultra Short	Pair Corr
1.0	CUTRX	Columbia Treasury Index	Pair Corr
1.0	CUTYX	Columbia Treasury Index	Pair Corr
0.94	CEBYX	Columbia Emerging Markets	Pair Corr
0.94	CEBRX	Columbia Emerging Markets	Pair Corr
0.8	CEPRX	Columbia Income Oppo	Pair Corr
0.75	RPCCX	Columbia Capital All	Pair Corr
0.68	APECX	Columbia High Yield	Pair Corr
0.85	CGCYX	Columbia Greater China	Pair Corr

Moving against Columbia Mutual Fund

0.67	CUURX	Columbia Small Cap	Pair Corr
0.56	CVERX	Columbia Mid Cap	Pair Corr
0.75	SCIRX	Columbia Seligman	Pair Corr
0.74	SSVIX	Columbia Select Smaller	Pair Corr
0.69	GEGTX	Columbia Large Cap	Pair Corr
0.64	CLM	Cornerstone Strategic	Pair Corr
0.63	CECYX	Columbia Large Cap	Pair Corr
0.77	CGOCX	Columbia Small Cap	Pair Corr
0.75	SCMIX	Columbia Seligman	Pair Corr
0.75	CGTUX	Columbia Global Tech	Pair Corr
0.74	CGQYX	Columbia Disciplined	Pair Corr
0.73	CGTYX	Columbia Seligman Global	Pair Corr
0.73	CGTRX	Columbia Select Large	Pair Corr

Related Correlations Analysis

	ZEMIX	BXECX	PIEFX	EPASX	CDHIX	PACEX
ZEMIX		0.85	0.98	0.89	0.91	0.85	ZEMIX
BXECX	0.85		0.84	0.77	0.94	0.96	BXECX
PIEFX	0.98	0.84		0.91	0.88	0.85	PIEFX
EPASX	0.89	0.77	0.91		0.85	0.79	EPASX
CDHIX	0.91	0.94	0.88	0.85		0.91	CDHIX
PACEX	0.85	0.96	0.85	0.79	0.91		PACEX
	ZEMIX	BXECX	PIEFX	EPASX	CDHIX	PACEX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Total 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 Total'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
ZEMIX	0.75	0.07	0.09	0.15	0.93	(0.82)	1.70	(1.67)	5.50
BXECX	0.19	0.03	0.25	(0.58)	0.00	(0.32)	0.55	(0.27)	1.21
PIEFX	0.98	0.10	0.09	0.19	1.27	(0.97)	2.06	(2.04)	6.94
EPASX	0.54	0.01	0.05	0.04	0.67	(0.57)	1.02	(1.17)	3.67
CDHIX	0.68	0.06	0.10	(0.29)	0.83	(0.72)	1.44	(1.51)	4.90
PACEX	0.12	0.01	0.29	(0.48)	0.00	(0.20)	0.33	(0.22)	0.76

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