Columbia Greater Correlations

LNGZX Fund

USD 42.85 0.22 0.52%

The current 90-days correlation between Columbia Greater China and Columbia Large Cap is 0.37 (i.e., Weak diversification). The correlation of Columbia Greater 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 Greater Correlation With Market

Average diversification

The correlation between Columbia Greater China and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Greater China 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 Greater China. 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

0.85	SRINX	Columbia Porate Income	Pair Corr
0.82	CUSBX	Columbia Ultra Short	Pair Corr
0.87	CUTRX	Columbia Treasury Index	Pair Corr
0.87	CUTYX	Columbia Treasury Index	Pair Corr
0.89	CEBYX	Columbia Emerging Markets	Pair Corr
0.74	CEBRX	Columbia Emerging Markets	Pair Corr
0.75	CEKYX	Columbia Emerging Markets	Pair Corr
0.75	CEKRX	Columbia Emerging Markets	Pair Corr
0.74	CEPRX	Columbia Income Oppo	Pair Corr
0.68	RPCCX	Columbia Capital All	Pair Corr
0.85	LIBCX	Columbia Total Return	Pair Corr
0.61	APECX	Columbia High Yield	Pair Corr
1.0	CGCYX	Columbia Greater China	Pair Corr

Moving against Columbia Mutual Fund

0.62	CUURX	Columbia Small Cap	Pair Corr
0.59	CVERX	Columbia Mid Cap	Pair Corr
0.76	SSVIX	Columbia Select Smaller	Pair Corr
0.68	SCIRX	Columbia Seligman	Pair Corr
0.63	GEGTX	Columbia Large Cap	Pair Corr
0.59	CECYX	Columbia Large Cap	Pair Corr
0.48	CLM	Cornerstone Strategic	Pair Corr
0.75	CGOCX	Columbia Small Cap	Pair Corr
0.73	CXXRX	Columbia Small Cap	Pair Corr
0.71	CGTRX	Columbia Select Large	Pair Corr
0.7	CGQYX	Columbia Disciplined	Pair Corr
0.68	SCMIX	Columbia Seligman	Pair Corr
0.66	CGTYX	Columbia Seligman Global	Pair Corr

Related Correlations Analysis

	CLWFX	NFECX	NFEBX	CLXRX	SRINX	CUSHX	CUSAX	CUSBX	CUTRX
CLWFX		0.0	0.0	0.96	-0.54	0.0	0.0	-0.62	-0.72	CLWFX
NFECX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	NFECX
NFEBX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	NFEBX
CLXRX	0.96	0.0	0.0		-0.35	0.0	0.0	-0.42	-0.55	CLXRX
SRINX	-0.54	0.0	0.0	-0.35		0.0	0.0	0.8	0.97	SRINX
CUSHX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CUSHX
CUSAX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CUSAX
CUSBX	-0.62	0.0	0.0	-0.42	0.8	0.0	0.0		0.83	CUSBX
CUTRX	-0.72	0.0	0.0	-0.55	0.97	0.0	0.0	0.83		CUTRX
	CLWFX	NFECX	NFEBX	CLXRX	SRINX	CUSHX	CUSAX	CUSBX	CUTRX

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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

CUTRX	+ 0.97	SRINX
CLXRX	+ 0.96	CLWFX
CUTRX	+ 0.83	CUSBX
CUSBX	+ 0.8	SRINX
NFECX	+ 0.0	CLWFX
NFEBX	+ 0.0	CLWFX

High negative correlations

CUTRX	- 0.72	CLWFX
CUSBX	- 0.62	CLWFX
CUTRX	- 0.55	CLXRX
SRINX	- 0.54	CLWFX
CUSBX	- 0.42	CLXRX
SRINX	- 0.35	CLXRX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Greater 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 Greater'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
CLWFX	1.11	(0.13)	0.00	(0.16)	0.00	0.00	2.32	(2.67)	6.68
NFECX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NFEBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CLXRX	0.83	(0.05)	0.00	(0.09)	0.00	0.00	1.60	(1.75)	4.52
SRINX	0.24	0.00	0.11	0.01	0.26	(0.27)	0.55	(0.45)	1.45
CUSHX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CUSAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CUSBX	0.05	0.01	0.00	(0.48)	0.00	0.00	0.11	0.00	0.66
CUTRX	0.25	0.00	0.15	0.00	0.23	(0.28)	0.51	(0.50)	1.24

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