Columbia Short Correlations

NSTRX Fund

USD 9.79 0.01 0.10%

The current 90-days correlation between Columbia Short Term and Columbia Ultra Short is 0.07 (i.e., Significant diversification). The correlation of Columbia Short 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 Short Correlation With Market

Good diversification

The correlation between Columbia Short Term and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Short Term 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 Short Term. 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 metropolitan statistical area.

Moving together with Columbia Mutual Fund

0.7	LHIAX	Columbia High Yield	Pair Corr
0.69	IMNTX	Columbia Minnesota Tax	Pair Corr
0.76	INEAX	Columbia High Yield	Pair Corr
0.61	LIIAX	Columbia Porate Income	Pair Corr
0.73	INTAX	Columbia Strategic	Pair Corr
0.71	LITAX	Columbia Amt Free	Pair Corr
0.65	LITCX	Columbia Amt Free	Pair Corr
0.65	NACMX	Columbia Amt Free	Pair Corr

Related Correlations Analysis

	CUSOX	ILGCX	ILGGX	ILGFX	ILGJX	SSCVX	ILVBX	ILVFX	ILVEX	LHIAX
CUSOX		0.85	0.85	0.82	0.85	0.75	0.83	0.83	0.79	-0.11	CUSOX
ILGCX	0.85		1.0	0.88	1.0	0.9	0.94	0.94	0.84	-0.2	ILGCX
ILGGX	0.85	1.0		0.88	1.0	0.9	0.94	0.94	0.84	-0.19	ILGGX
ILGFX	0.82	0.88	0.88		0.88	0.82	0.88	0.88	0.94	-0.22	ILGFX
ILGJX	0.85	1.0	1.0	0.88		0.9	0.94	0.94	0.84	-0.2	ILGJX
SSCVX	0.75	0.9	0.9	0.82	0.9		0.98	0.98	0.85	-0.2	SSCVX
ILVBX	0.83	0.94	0.94	0.88	0.94	0.98		1.0	0.91	-0.17	ILVBX
ILVFX	0.83	0.94	0.94	0.88	0.94	0.98	1.0		0.91	-0.17	ILVFX
ILVEX	0.79	0.84	0.84	0.94	0.84	0.85	0.91	0.91		-0.17	ILVEX
LHIAX	-0.11	-0.2	-0.19	-0.22	-0.2	-0.2	-0.17	-0.17	-0.17		LHIAX
	CUSOX	ILGCX	ILGGX	ILGFX	ILGJX	SSCVX	ILVBX	ILVFX	ILVEX	LHIAX

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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

ILGGX	+ 1.0	ILGCX
ILGJX	+ 1.0	ILGCX
ILGJX	+ 1.0	ILGGX
ILVFX	+ 1.0	ILVBX
ILVBX	+ 0.98	SSCVX
ILVFX	+ 0.98	SSCVX

High negative correlations

LHIAX	- 0.22	ILGFX
LHIAX	- 0.2	SSCVX
LHIAX	- 0.2	ILGJX
LHIAX	- 0.2	ILGCX
LHIAX	- 0.19	ILGGX
LHIAX	- 0.17	ILVEX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Short 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 Short'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
CUSOX	0.05	0.01	0.00	(0.60)	0.00	0.00	0.11	0.00	0.55
ILGCX	0.72	0.02	0.02	0.15	1.11	(0.71)	1.49	(2.11)	4.98
ILGGX	0.72	0.02	0.02	0.15	1.11	(0.71)	1.48	(2.10)	5.00
ILGFX	0.73	0.08	(0.01)	0.51	1.12	(0.70)	1.48	(2.10)	5.01
ILGJX	0.72	0.03	0.02	0.15	1.11	(0.71)	1.48	(2.13)	4.98
SSCVX	0.84	(0.03)	0.02	0.11	0.80	(0.97)	1.88	(1.48)	6.92
ILVBX	0.55	0.03	0.02	0.16	0.36	(0.66)	1.17	(0.84)	3.65
ILVFX	0.54	0.03	0.02	0.16	0.33	(0.66)	1.16	(0.81)	3.56
ILVEX	0.54	0.10	(0.02)	0.85	0.37	(0.67)	1.16	(0.83)	3.59
LHIAX	0.20	0.03	(0.19)	(0.14)	0.31	(0.26)	0.43	(0.43)	2.04

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