Columbia Vertible Correlations

NCIAX Fund

USD 22.01 0.14 0.64%

The current 90-days correlation between Columbia Vertible and Columbia Porate Income is 0.34 (i.e., Weak diversification). The correlation of Columbia Vertible 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 Vertible Correlation With Market

Poor diversification

The correlation between Columbia Vertible Securities and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Vertible Securities 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 Vertible Securities. 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

0.83	CUSHX	Columbia Ultra Short	Pair Corr
0.79	CUSBX	Columbia Ultra Short	Pair Corr
0.8	CDAZX	Multi Manager Direct	Pair Corr
0.91	CUURX	Columbia Small Cap	Pair Corr
0.7	CDORX	Columbia Dividend	Pair Corr
0.63	CVIRX	Columbia Dividend Income	Pair Corr
0.73	CEARX	Columbia Acorn	Pair Corr
0.64	CVVRX	Columbia Small Cap	Pair Corr
0.79	CECFX	Columbia Large Cap	Pair Corr
0.87	GEGTX	Columbia Large Cap	Pair Corr
0.74	CFCYX	Columbia Flexible Capital	Pair Corr
0.7	CFCRX	Columbia Flexible Capital	Pair Corr

Moving against Columbia Mutual Fund

0.81	CUVRX	Columbia Government	Pair Corr
0.5	CUTRX	Columbia Treasury Index	Pair Corr
0.49	CUTYX	Columbia Treasury Index	Pair Corr
0.41	CDLRX	Columbia Limited Duration	Pair Corr
0.45	CEKYX	Columbia Emerging Markets	Pair Corr
0.45	CEKRX	Columbia Emerging Markets	Pair Corr
0.35	CEBSX	Columbia Emerging Markets	Pair Corr
0.41	LIBCX	Columbia Total Return	Pair Corr

Related Correlations Analysis

	SRINX	CUSBX	CUTRX	CDAZX	CUURX	CUTYX	CDDYX	CDDRX	CDEYX	CDIRX
SRINX		-0.52	0.93	-0.18	-0.05	0.93	0.18	0.18	0.16	0.19	SRINX
CUSBX	-0.52		-0.76	0.68	0.64	-0.76	0.13	0.13	0.15	0.12	CUSBX
CUTRX	0.93	-0.76		-0.42	-0.33	1.0	0.1	0.1	0.09	0.11	CUTRX
CDAZX	-0.18	0.68	-0.42		0.88	-0.41	0.64	0.64	0.64	0.63	CDAZX
CUURX	-0.05	0.64	-0.33	0.88		-0.33	0.63	0.62	0.6	0.61	CUURX
CUTYX	0.93	-0.76	1.0	-0.41	-0.33		0.11	0.11	0.1	0.12	CUTYX
CDDYX	0.18	0.13	0.1	0.64	0.63	0.11		1.0	0.99	1.0	CDDYX
CDDRX	0.18	0.13	0.1	0.64	0.62	0.11	1.0		0.99	1.0	CDDRX
CDEYX	0.16	0.15	0.09	0.64	0.6	0.1	0.99	0.99		0.99	CDEYX
CDIRX	0.19	0.12	0.11	0.63	0.61	0.12	1.0	1.0	0.99		CDIRX
	SRINX	CUSBX	CUTRX	CDAZX	CUURX	CUTYX	CDDYX	CDDRX	CDEYX	CDIRX

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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

CUTYX	+ 1.0	CUTRX
CDDRX	+ 1.0	CDDYX
CDIRX	+ 1.0	CDDYX
CDIRX	+ 1.0	CDDRX
CDEYX	+ 0.99	CDDYX
CDEYX	+ 0.99	CDDRX

High negative correlations

CUTYX	- 0.76	CUSBX
CUTRX	- 0.76	CUSBX
CUSBX	- 0.52	SRINX
CDAZX	- 0.42	CUTRX
CUTYX	- 0.41	CDAZX
CUTYX	- 0.33	CUURX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Vertible 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 Vertible'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
SRINX	0.24	(0.06)	(1.10)	0.44	(0.65)	1.65
CUSBX	0.03	0.00	(0.17)	0.11	0.00	0.54
CUTRX	0.23	(0.07)	(14.98)	0.30	(0.61)	1.43
CDAZX	0.72	(0.05)	(0.04)	1.41	(1.58)	12.80
CUURX	0.85	(0.06)	(0.02)	2.02	(1.42)	9.29
CUTYX	0.23	(0.07)	(6.20)	0.40	(0.61)	1.42
CDDYX	0.49	(0.09)	(0.10)	0.91	(0.85)	6.96
CDDRX	0.49	(0.10)	(0.10)	0.91	(0.83)	6.95
CDEYX	0.60	(0.14)	(0.14)	1.00	(0.78)	10.34
CDIRX	0.49	(0.10)	(0.10)	0.91	(0.84)	6.91

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