Columbia Capital Correlations

Mutual Funds . USA . 
Fund . Columbia Capital Allocation
ABDAX Fund  USD 9.44  0.02  0.21%   
The current 90-days correlation between Columbia Capital All and Columbia Corporate Income is 0.18 (i.e., Average diversification). The correlation of Columbia Capital 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 Capital Correlation With Market

Significant diversification

The correlation between Columbia Capital Allocation and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Capital Allocation and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Columbia Capital Allocation. 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

  0.95SRIJX Columbia Corporate IncomePairCorr
  0.96CUSOX Columbia Ultra ShortPairCorr
  0.96CDOAX Columbia DividendPairCorr
  0.93ILGCX Columbia Integrated LargePairCorr
  0.93ILGGX Columbia Integrated LargePairCorr
  0.93ILGJX Columbia Integrated LargePairCorr
  0.92SSCVX Columbia Select SmallerPairCorr
  0.94ILVBX Columbia Integrated LargePairCorr
  0.94ILVFX Columbia Integrated LargePairCorr
  0.65LHIAX Columbia High YieldPairCorr
  0.96CEVAX Columbia Global ValuePairCorr
  0.7IMNTX Columbia Minnesota TaxPairCorr
  0.97IMRFX Columbia Global OppoPairCorr
  0.97CFIGX Columbia Flexible CapitalPairCorr
  0.94CFIAX Columbia Flexible CapitalPairCorr
  0.9LIACX Columbia AcornPairCorr
  0.94SCICX Columbia SeligmanPairCorr
  0.95PHIKX Columbia ConvertiblePairCorr
  0.78LIBAX Columbia Total ReturnPairCorr
  0.94INDZX Columbia DiversifiedPairCorr
  0.97INEAX Columbia High YieldPairCorr
  0.91LIIAX Columbia Porate IncomePairCorr
  0.91LITAX Columbia Amt FreePairCorr
  0.9LITCX Columbia Amt FreePairCorr
  0.96INUTX Columbia DividendPairCorr
  0.94CGOAX Columbia Small CapPairCorr
  0.94CGTDX Columbia Global TechPairCorr
  0.94NACMX Columbia Amt FreePairCorr
  0.89PISDX Columbia Pyrford IntPairCorr
  0.89PISLX Columbia Pyrford IntPairCorr
  0.9PISOX Columbia Pyrford IntPairCorr
  0.89PISJX Columbia Pyrford IntPairCorr
  0.9PISQX Columbia Pyrford IntPairCorr
  0.93AQEAX Columbia DisciplinedPairCorr
  0.93SVLCX Columbia Select LargePairCorr
  0.93UMEBX Columbia Emerging MarketsPairCorr
  0.91NSGAX Columbia Select LargePairCorr
  0.92UMLAX Columbia Select LargePairCorr
  0.83UMMDX Columbia BondPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Capital 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 Capital'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRIJX  0.25  0.05 (0.24)(1.26) 0.14 
(0.30)
 0.56 
(0.44)
 1.47 
CUSOX  0.05  0.01  0.00  6.37  0.00 
 0.00 
 0.11 
 0.00 
 0.54 
CDOAX  0.56  0.19  0.06 (1.91) 0.43 
(0.60)
 1.44 
(1.12)
 3.79 
ILGCX  0.83  0.31  0.15 (1.97) 0.68 
(0.99)
 2.27 
(1.47)
 5.98 
ILGGX  0.84  0.30  0.15 (2.65) 0.68 
(1.02)
 2.32 
(1.48)
 5.97 
ILGJX  0.83  0.31  0.16 (2.04) 0.68 
(0.99)
 2.26 
(1.47)
 5.99 
SSCVX  0.90  0.31  0.15 (2.63) 0.76 
(1.05)
 2.13 
(1.74)
 6.57 
ILVBX  0.61  0.14 (0.01)(0.86) 0.67 
(0.67)
 1.43 
(1.29)
 4.14 
ILVFX  0.63  0.15  0.00 (0.83) 0.67 
(0.69)
 1.41 
(1.28)
 4.13 
LHIAX  0.21  0.02 (0.36)(0.26) 0.19 
(0.31)
 0.57 
(0.35)
 1.96 

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