Columbia Floating Correlations

RFRAX Fund

USD 33.66 0.01 0.03%

The current 90-days correlation between Columbia Floating Rate and Furyax is 0.01 (i.e., Significant diversification). The correlation of Columbia Floating 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 Floating Correlation With Market

Significant diversification

The correlation between Columbia Floating Rate and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Floating Rate and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Columbia Floating Rate. 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

0.97	CUSOX	Columbia Ultra Short	Pair Corr
0.64	PHIKX	Columbia Convertible	Pair Corr
0.71	INEAX	Columbia High Yield	Pair Corr
0.91	NSTRX	Columbia Short Term	Pair Corr

Moving against COLUMBIA Mutual Fund

0.69	ILVBX	Columbia Integrated Large	Pair Corr
0.69	ILVFX	Columbia Integrated Large	Pair Corr
0.66	SCICX	Columbia Seligman	Pair Corr
0.62	SSCVX	Columbia Select Smaller	Pair Corr
0.6	INUTX	Columbia Dividend	Pair Corr
0.56	INDZX	Columbia Diversified	Pair Corr
0.41	ILGCX	Columbia Integrated Large	Pair Corr
0.4	ILGGX	Columbia Integrated Large	Pair Corr
0.39	ILGJX	Columbia Integrated Large	Pair Corr
0.37	LIBAX	Columbia Total Return	Pair Corr
0.78	PISDX	Columbia Pyrford Int	Pair Corr
0.78	PISLX	Columbia Pyrford Int	Pair Corr
0.78	PISOX	Columbia Pyrford Int	Pair Corr
0.78	PISJX	Columbia Pyrford Int	Pair Corr
0.78	PISQX	Columbia Pyrford Int	Pair Corr
0.58	AQEAX	Columbia Disciplined	Pair Corr
0.45	NTIAX	Columbia Mid Cap	Pair Corr
0.43	SVLCX	Columbia Select Large	Pair Corr
0.39	ABUAX	Columbia Capital All	Pair Corr
0.37	RBGCX	Columbia Capital All	Pair Corr
0.37	ISGDX	Columbia Integrated Small	Pair Corr
0.35	NBICX	Columbia Capital All	Pair Corr
0.34	NBIAX	Columbia Capital All	Pair Corr
0.34	SHGTX	Columbia Seligman Global	Pair Corr

Related Correlations Analysis

	FURYAX	ACWDX	FDZBPX	FUHKBX	MFTFX	LMUSX	WABMSX
FURYAX		0.31	0.58	0.45	-0.45	0.34	0.34	FURYAX
ACWDX	0.31		0.37	0.41	0.06	0.91	0.22	ACWDX
FDZBPX	0.58	0.37		0.64	-0.47	0.4	0.37	FDZBPX
FUHKBX	0.45	0.41	0.64		-0.4	0.38	0.06	FUHKBX
MFTFX	-0.45	0.06	-0.47	-0.4		0.19	-0.41	MFTFX
LMUSX	0.34	0.91	0.4	0.38	0.19		0.29	LMUSX
WABMSX	0.34	0.22	0.37	0.06	-0.41	0.29		WABMSX
	FURYAX	ACWDX	FDZBPX	FUHKBX	MFTFX	LMUSX	WABMSX

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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

LMUSX	+ 0.91	ACWDX
FUHKBX	+ 0.64	FDZBPX
FDZBPX	+ 0.58	FURYAX
FUHKBX	+ 0.45	FURYAX
FUHKBX	+ 0.41	ACWDX
LMUSX	+ 0.4	FDZBPX

High negative correlations

MFTFX	- 0.47	FDZBPX
MFTFX	- 0.45	FURYAX
WABMSX	- 0.41	MFTFX
MFTFX	- 0.4	FUHKBX

Risk-Adjusted Indicators

There is a big difference between COLUMBIA Mutual Fund performing well and Columbia Floating 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 Floating'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
FURYAX	0.47	0.31	0.00	5.29	0.00	0.00	1.21	(1.31)	2.22
ACWDX	0.79	0.05	0.03	0.11	1.02	(0.83)	1.63	(1.38)	8.59
FDZBPX	0.42	0.08	0.00	1.01	0.00	0.00	1.22	(1.60)	2.21
FUHKBX	0.50	0.16	0.27	1.32	0.16	(0.64)	1.13	(0.72)	1.64
MFTFX	1.01	0.06	0.02	(0.71)	1.37	(0.97)	1.70	(2.06)	5.15
LMUSX	0.71	0.02	0.01	0.07	1.15	(0.68)	1.27	(1.50)	6.30
WABMSX	0.51	0.12	0.00	(7.58)	0.00	0.00	1.54	(1.40)	2.10

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