Columbia Pacific/asia Correlations

Mutual Funds . USA . 
Fund . Columbia Pacificasia Fund
CASAX Fund  USD 9.18  0.07  0.77%   
The current 90-days correlation between Columbia Pacific/asia and Columbia Corporate Income is 0.52 (i.e., Very weak diversification). The correlation of Columbia Pacific/asia 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 Pacific/asia Correlation With Market

Good diversification

The correlation between Columbia Pacificasia Fund and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Pacificasia Fund 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 Pacificasia Fund. 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

  0.9SRIJX Columbia Corporate IncomePairCorr
  0.95CUSOX Columbia Ultra ShortPairCorr
  0.98CDOAX Columbia DividendPairCorr
  0.97ILGCX Columbia Integrated LargePairCorr
  0.97ILGGX Columbia Integrated LargePairCorr
  0.97ILGJX Columbia Integrated LargePairCorr
  0.95SSCVX Columbia Select SmallerPairCorr
  0.97ILVBX Columbia Integrated LargePairCorr
  0.97ILVFX Columbia Integrated LargePairCorr
  0.98CEVAX Columbia Global ValuePairCorr
  0.99IMRFX Columbia Global OppoPairCorr
  0.97CFIGX Columbia Flexible CapitalPairCorr
  0.98CFIAX Columbia Flexible CapitalPairCorr
  0.93LIACX Columbia AcornPairCorr
  0.97SCICX Columbia SeligmanPairCorr
  0.97PHIKX Columbia ConvertiblePairCorr
  0.73LIBAX Columbia Total ReturnPairCorr
  0.96INDZX Columbia DiversifiedPairCorr
  0.98INEAX Columbia High YieldPairCorr
  0.91LIIAX Columbia Porate IncomePairCorr
  0.88LITAX Columbia Amt FreePairCorr
  0.85LITCX Columbia Amt FreePairCorr
  0.97INUTX Columbia DividendPairCorr
  0.97CGOAX Columbia Small CapPairCorr
  0.97CGTDX Columbia Global TechPairCorr
  0.9NACMX Columbia Amt FreePairCorr
  0.92PISDX Columbia Pyrford IntPairCorr
  0.94PISLX Columbia Pyrford IntPairCorr
  0.94PISOX Columbia Pyrford IntPairCorr
  0.92PISJX Columbia Pyrford IntPairCorr
  0.92PISQX Columbia Pyrford IntPairCorr
  0.97AQEAX Columbia DisciplinedPairCorr
  0.95SVLCX Columbia Select LargePairCorr
  0.96UMEBX Columbia Emerging MarketsPairCorr
  0.96NSGAX Columbia Select LargePairCorr
  0.96UMLAX Columbia Select LargePairCorr
  0.75UMMDX 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 Pacific/asia 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 Pacific/asia'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  0.24  0.04 (0.38)(1.75) 0.17 
(0.29)
 0.56 
(0.44)
 1.23 
CUSOX  0.04  0.01  0.00  4.67  0.00 
 0.00 
 0.11 
 0.00 
 0.54 
CDOAX  0.55  0.17 (0.02)(1.58) 0.46 
(0.58)
 1.44 
(1.12)
 3.79 
ILGCX  0.82  0.32  0.12 (1.76) 0.68 
(0.99)
 2.27 
(1.47)
 5.98 
ILGGX  0.83  0.31  0.12 (2.34) 0.68 
(1.02)
 2.32 
(1.48)
 5.97 
ILGJX  0.82  0.32  0.12 (1.82) 0.68 
(0.99)
 2.26 
(1.47)
 5.99 
SSCVX  0.90  0.29  0.10 (2.06) 0.78 
(1.04)
 2.13 
(1.74)
 6.57 
ILVBX  0.61  0.14 (0.07)(0.72) 0.67 
(0.66)
 1.43 
(1.29)
 4.14 
ILVFX  0.62  0.14 (0.07)(0.69) 0.67 
(0.69)
 1.41 
(1.28)
 4.13 
LHIAX  0.20  0.00 (0.51) 0.07  0.24 
(0.30)
 0.46 
(0.45)
 1.60 

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