Columbia Amt-free Correlations

SEMAX Fund

USD 9.57 0.02 0.21%

The current 90-days correlation between Columbia Amt Free and Diversified Bond Fund is 0.63 (i.e., Poor diversification). The correlation of Columbia Amt-free 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 Amt-free Correlation With Market

Significant diversification

The correlation between Columbia Amt Free Massachusett and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Amt Free Massachusett and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Columbia Amt Free Massachusetts. 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	SRINX	Columbia Porate Income	Pair Corr
0.64	CUSBX	Columbia Ultra Short	Pair Corr
0.76	CUTRX	Columbia Treasury Index	Pair Corr
0.7	CUTYX	Columbia Treasury Index	Pair Corr
0.64	CDOZX	Columbia Dividend	Pair Corr
0.78	CEBYX	Columbia Emerging Markets	Pair Corr
0.82	CEBRX	Columbia Emerging Markets	Pair Corr
0.78	CEPRX	Columbia Income Oppo	Pair Corr
0.79	RPCCX	Columbia Capital All	Pair Corr
0.77	LIBCX	Columbia Total Return	Pair Corr
0.63	CFRYX	Columbia Floating Rate	Pair Corr
0.62	CFXRX	Columbia Flexible Capital	Pair Corr
0.8	APECX	Columbia High Yield	Pair Corr

Moving against Columbia Mutual Fund

0.36	CUURX	Columbia Small Cap	Pair Corr
0.45	SSVIX	Columbia Select Smaller	Pair Corr
0.36	SCIRX	Columbia Seligman	Pair Corr
0.41	CGOCX	Columbia Small Cap	Pair Corr
0.38	CXXRX	Columbia Small Cap	Pair Corr
0.36	SCMIX	Columbia Seligman	Pair Corr
0.35	CGTUX	Columbia Global Tech	Pair Corr
0.34	CGTRX	Columbia Select Large	Pair Corr
0.33	NAMAX	Columbia Mid Cap	Pair Corr

Related Correlations Analysis

	ACBPX	SRDAX	JDJRX	FZABX	OIDAX	MDBLX	PGBAX
ACBPX		-0.4	0.3	0.82	0.66	0.99	0.95	ACBPX
SRDAX	-0.4		0.13	-0.17	-0.19	-0.39	-0.34	SRDAX
JDJRX	0.3	0.13		0.5	0.39	0.28	0.42	JDJRX
FZABX	0.82	-0.17	0.5		0.76	0.82	0.88	FZABX
OIDAX	0.66	-0.19	0.39	0.76		0.67	0.78	OIDAX
MDBLX	0.99	-0.39	0.28	0.82	0.67		0.95	MDBLX
PGBAX	0.95	-0.34	0.42	0.88	0.78	0.95		PGBAX
	ACBPX	SRDAX	JDJRX	FZABX	OIDAX	MDBLX	PGBAX

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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

MDBLX	+ 0.99	ACBPX
PGBAX	+ 0.95	ACBPX
PGBAX	+ 0.95	MDBLX
PGBAX	+ 0.88	FZABX
FZABX	+ 0.82	ACBPX
MDBLX	+ 0.82	FZABX

High negative correlations

SRDAX	- 0.4	ACBPX
MDBLX	- 0.39	SRDAX
PGBAX	- 0.34	SRDAX
OIDAX	- 0.19	SRDAX
FZABX	- 0.17	SRDAX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Amt-free 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 Amt-free'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
ACBPX	0.25	0.01	0.02	0.31	0.23	(0.30)	0.56	(0.44)	1.23
SRDAX	0.17	0.00	0.00	0.00	0.18	(0.20)	0.29	(0.37)	0.76
JDJRX	0.33	0.00	0.00	0.21	0.39	(0.40)	0.66	(0.75)	2.62
FZABX	0.74	0.09	0.07	0.13	1.01	(0.72)	1.45	(1.37)	6.16
OIDAX	0.71	(0.04)	0.00	0.17	0.00	0.00	1.42	(1.46)	5.03
MDBLX	0.23	0.01	0.04	0.26	0.18	(0.30)	0.50	(0.38)	1.38
PGBAX	0.14	0.01	0.01	(0.12)	0.09	(0.18)	0.34	(0.25)	0.85

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