Columbia Corporate Correlations
SRINX Fund | USD 9.12 0.01 0.11% |
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
Average diversification
The correlation between Columbia Porate Income and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Porate Income and DJI in the same portfolio, assuming nothing else is changed.
Columbia |
Moving together with Columbia Mutual Fund
0.84 | RPCCX | Columbia Capital All | PairCorr |
0.97 | UMMGX | Columbia Bond | PairCorr |
0.87 | CHMCX | Columbia High Yield | PairCorr |
0.9 | CHMYX | Columbia High Yield | PairCorr |
0.87 | SEMAX | Columbia Amt Free | PairCorr |
0.76 | RSERX | Victory Sophus Emerging | PairCorr |
0.81 | RSHRX | Columbia High Yield | PairCorr |
0.88 | CIMYX | Columbia Amt Free | PairCorr |
0.72 | RTCEX | Columbia Strategic | PairCorr |
0.8 | NCMAX | Columbia Amt Free | PairCorr |
0.85 | LNGZX | Columbia Greater China | PairCorr |
0.88 | CMBFX | Columbia Amt Free | PairCorr |
0.8 | CMGUX | Cmg Ultra Short | PairCorr |
0.95 | MBSAX | Multisector Bond Sma | PairCorr |
0.64 | CREYX | Columbia Real Estate | PairCorr |
0.64 | CREEX | Columbia Real Estate | PairCorr |
Moving against Columbia Mutual Fund
0.61 | CGTUX | Columbia Global Tech | PairCorr |
0.6 | CXXRX | Columbia Small Cap | PairCorr |
0.51 | NSVAX | Columbia Small Cap | PairCorr |
0.5 | CLM | Cornerstone Strategic | PairCorr |
0.72 | ACRNX | Columbia Acorn | PairCorr |
0.64 | CMSCX | Columbia Small Cap | PairCorr |
0.61 | CLQZX | Columbia Disciplined | PairCorr |
0.61 | CMTFX | Columbia Global Tech | PairCorr |
0.54 | CLWFX | Columbia Large Cap | PairCorr |
0.53 | CPXRX | Columbia Mid Cap | PairCorr |
0.48 | CLSPX | Columbia Mid Cap | PairCorr |
0.48 | CMCCX | Columbia Mid Cap | PairCorr |
0.37 | COCRX | Columbia Convertible | PairCorr |
0.35 | CLXRX | Columbia Large Cap | PairCorr |
0.35 | NINDX | Columbia Large Cap | PairCorr |
0.34 | COFRX | Columbia Trarian Core | PairCorr |
Related Correlations Analysis
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | MCBXX | ||
0.0 | 0.93 | 0.93 | 0.48 | 0.91 | FAFSX | ||
0.0 | 0.93 | 0.91 | 0.28 | 0.84 | BTO | ||
0.0 | 0.93 | 0.91 | 0.45 | 0.82 | RMBLX | ||
0.0 | 0.48 | 0.28 | 0.45 | 0.3 | IAAEX | ||
0.0 | 0.91 | 0.84 | 0.82 | 0.3 | SBFAX | ||
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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
| High negative correlations
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
MCBXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
FAFSX | 0.91 | (0.04) | 0.00 | (0.07) | 0.00 | 1.71 | 6.26 | |||
BTO | 1.08 | (0.06) | 0.00 | (0.10) | 0.00 | 2.30 | 6.87 | |||
RMBLX | 1.15 | (0.13) | 0.00 | (0.16) | 0.00 | 2.20 | 6.78 | |||
IAAEX | 0.81 | (0.11) | 0.00 | (0.26) | 0.00 | 1.41 | 9.17 | |||
SBFAX | 0.79 | 0.01 | 0.00 | (0.02) | 0.00 | 1.69 | 5.22 |