Columbia Corporate Correlations

SRIJX Fund

9.11 0.03 0.33%

The current 90-days correlation between Columbia Corporate Income and Boston Partners Emerging is -0.05 (i.e., Good diversification). The correlation of Columbia Corporate 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 Corporate Correlation With Market

Good diversification

The correlation between Columbia Corporate Income and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Corporate Income 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 Corporate Income. 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 inflation.

Moving together with Columbia Mutual Fund

0.82	CUSOX	Columbia Ultra Short	Pair Corr
0.87	LHIAX	Columbia High Yield	Pair Corr
0.78	IMNTX	Columbia Minnesota Tax	Pair Corr
0.94	LIBAX	Columbia Total Return	Pair Corr
0.74	INEAX	Columbia High Yield	Pair Corr
0.95	LIIAX	Columbia Porate Income	Pair Corr
0.75	INTAX	Columbia Strategic	Pair Corr
0.86	LITAX	Columbia Amt Free	Pair Corr
0.84	LITCX	Columbia Amt Free	Pair Corr
0.8	NACMX	Columbia Amt Free	Pair Corr
0.86	PISDX	Columbia Pyrford Int	Pair Corr
0.85	PISLX	Columbia Pyrford Int	Pair Corr
0.85	PISOX	Columbia Pyrford Int	Pair Corr
0.86	PISJX	Columbia Pyrford Int	Pair Corr
0.86	PISQX	Columbia Pyrford Int	Pair Corr
0.97	UMMDX	Columbia Bond	Pair Corr
0.92	NSMDX	Columbia Short Duration	Pair Corr
0.91	NSMMX	Columbia Short Term	Pair Corr

Moving against Columbia Mutual Fund

0.74	LIACX	Columbia Acorn	Pair Corr
0.68	SSCVX	Columbia Select Smaller	Pair Corr
0.64	SCICX	Columbia Seligman	Pair Corr
0.6	ILGGX	Columbia Integrated Large	Pair Corr
0.6	ILGJX	Columbia Integrated Large	Pair Corr
0.57	ILGCX	Columbia Integrated Large	Pair Corr
0.38	PHIKX	Columbia Vertible	Pair Corr
0.66	CGOAX	Columbia Small Cap	Pair Corr
0.59	UMLAX	Columbia Select Large	Pair Corr
0.58	NTIAX	Columbia Mid Cap	Pair Corr
0.55	AQEAX	Columbia Disciplined	Pair Corr
0.53	NSGAX	Columbia Select Large	Pair Corr
0.36	NCIDX	Columbia Convertible	Pair Corr

Related Correlations Analysis

	BELSX	SEDIX	ANGCX	SEDAX	SAEMX	SFGIX	PCEMX	BXECX
BELSX		0.91	0.78	0.92	0.77	0.87	0.83	0.88	BELSX
SEDIX	0.91		0.91	0.97	0.78	0.84	0.83	0.97	SEDIX
ANGCX	0.78	0.91		0.89	0.74	0.71	0.73	0.91	ANGCX
SEDAX	0.92	0.97	0.89		0.79	0.83	0.86	0.96	SEDAX
SAEMX	0.77	0.78	0.74	0.79		0.91	0.95	0.76	SAEMX
SFGIX	0.87	0.84	0.71	0.83	0.91		0.89	0.81	SFGIX
PCEMX	0.83	0.83	0.73	0.86	0.95	0.89		0.82	PCEMX
BXECX	0.88	0.97	0.91	0.96	0.76	0.81	0.82		BXECX
	BELSX	SEDIX	ANGCX	SEDAX	SAEMX	SFGIX	PCEMX	BXECX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Corporate 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 Corporate'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
BELSX	0.43	0.05	0.15	0.46	0.44	(0.49)	0.92	(0.81)	2.59
SEDIX	0.09	0.01	0.24	(0.33)	0.00	(0.16)	0.21	(0.21)	0.53
ANGCX	0.13	0.01	0.24	1.24	0.00	(0.23)	0.36	(0.24)	0.83
SEDAX	0.25	0.02	0.18	0.38	0.19	(0.33)	0.59	(0.36)	1.30
SAEMX	0.58	0.04	0.09	0.27	0.77	(0.61)	1.17	(1.44)	3.59
SFGIX	0.54	0.02	0.07	(0.84)	0.79	(0.53)	1.09	(1.25)	4.18
PCEMX	0.71	0.06	0.09	0.15	0.86	(0.79)	1.47	(1.61)	5.81
BXECX	0.19	0.03	0.25	(0.58)	0.00	(0.32)	0.55	(0.27)	1.21

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