Multisector Bond Correlations

MBSAX Fund

USD 13.76 0.03 0.22%

The current 90-days correlation between Multisector Bond Sma and Ep Emerging Markets is 0.11 (i.e., Average diversification). The correlation of Multisector Bond 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.

Multisector Bond Correlation With Market

Good diversification

The correlation between Multisector Bond Sma and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multisector Bond Sma 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 Multisector Bond Sma. 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 Multisector Mutual Fund

0.82	SRINX	Columbia Porate Income	Pair Corr
0.71	CUSBX	Columbia Ultra Short	Pair Corr
0.75	CUTRX	Columbia Treasury Index	Pair Corr
0.82	CUTYX	Columbia Treasury Index	Pair Corr
0.64	CDOYX	Columbia Dividend	Pair Corr
0.82	CEBYX	Columbia Emerging Markets	Pair Corr
0.98	CEBRX	Columbia Emerging Markets	Pair Corr
0.61	CEKRX	Columbia Emerging Markets	Pair Corr
0.73	CEPRX	Columbia Income Oppo	Pair Corr
0.73	RPCCX	Columbia Capital All	Pair Corr
0.82	LIBCX	Columbia Total Return	Pair Corr
0.64	APECX	Columbia High Yield	Pair Corr
0.75	CGCYX	Columbia Greater China	Pair Corr

Moving against Multisector Mutual Fund

0.58	CUURX	Columbia Small Cap	Pair Corr
0.53	CVERX	Columbia Mid Cap	Pair Corr
0.57	SCIRX	Columbia Seligman	Pair Corr
0.52	SSVIX	Columbia Select Smaller	Pair Corr
0.51	GEGTX	Columbia Large Cap	Pair Corr
0.48	CLM	Cornerstone Strategic	Pair Corr
0.38	CECYX	Columbia Large Cap	Pair Corr
0.62	CXXRX	Columbia Small Cap	Pair Corr
0.58	CGQYX	Columbia Disciplined	Pair Corr
0.58	CGTUX	Columbia Global Tech	Pair Corr
0.57	SCMIX	Columbia Seligman	Pair Corr
0.56	CGTYX	Columbia Seligman Global	Pair Corr
0.53	NAMAX	Columbia Mid Cap	Pair Corr

Related Correlations Analysis

	EPASX	BXECX	APDOX	TEOJX	FWOKX	FEMDX	PIEFX
EPASX		0.77	0.7	0.86	0.78	0.71	0.83	EPASX
BXECX	0.77		0.81	0.63	0.91	0.93	0.69	BXECX
APDOX	0.7	0.81		0.78	0.81	0.87	0.81	APDOX
TEOJX	0.86	0.63	0.78		0.63	0.56	0.91	TEOJX
FWOKX	0.78	0.91	0.81	0.63		0.92	0.68	FWOKX
FEMDX	0.71	0.93	0.87	0.56	0.92		0.64	FEMDX
PIEFX	0.83	0.69	0.81	0.91	0.68	0.64		PIEFX
	EPASX	BXECX	APDOX	TEOJX	FWOKX	FEMDX	PIEFX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Multisector Mutual Fund performing well and Multisector Bond 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 Multisector Bond'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
EPASX	0.54	0.01	0.05	0.04	0.67	(0.57)	1.02	(1.17)	3.67
BXECX	0.19	0.03	0.25	(0.58)	0.00	(0.32)	0.55	(0.27)	1.21
APDOX	0.16	0.04	0.23	1.46	0.04	(0.18)	0.30	(0.29)	1.07
TEOJX	0.80	0.11	0.13	0.29	0.89	(0.92)	1.54	(1.53)	5.83
FWOKX	0.74	0.09	0.09	0.11	1.02	(0.74)	1.38	(1.45)	6.10
FEMDX	0.15	0.02	0.27	2.24	0.00	(0.20)	0.42	(0.26)	1.11
PIEFX	1.00	0.11	0.12	(1.40)	1.17	(1.08)	2.06	(1.98)	6.94

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