Columbia Balanced Correlations

Mutual Funds . USA . 
Fund . Columbia Balanced Fund
CBLRX Fund  USD 54.42  0.10  0.18%   
The current 90-days correlation between Columbia Balanced and Columbia Porate Income is 0.51 (i.e., Very weak diversification). The correlation of Columbia Balanced 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 Balanced Correlation With Market

Very poor diversification

The correlation between Columbia Balanced Fund and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Balanced 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 Balanced 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 metropolitan statistical area.

Moving together with Columbia Mutual Fund

  0.89SRINX Columbia Porate IncomePairCorr
  0.96CUSBX Columbia Ultra ShortPairCorr
  0.97CDAZX Multi Manager DirectPairCorr
  0.98CUURX Columbia Small CapPairCorr
  0.99CDDYX Columbia Dividend IncomePairCorr
  0.99CDDRX Columbia Dividend IncomePairCorr
  0.99CDEYX Columbia DiversifiedPairCorr
  0.99CDIRX Columbia Dividend IncomePairCorr
  1.0AMTCX Columbia Capital AllPairCorr
  0.99CDOZX Columbia DividendPairCorr
  0.99CDOYX Columbia DividendPairCorr
  0.98CVERX Columbia Mid CapPairCorr
  0.99CDVZX Columbia DiversifiedPairCorr
  0.98CVQZX Columbia DisciplinedPairCorr
  0.97CEBYX Columbia Emerging MarketsPairCorr
  0.97CEBRX Columbia Emerging MarketsPairCorr
  1.0CECYX Columbia Large CapPairCorr
  0.97SSVIX Columbia Select SmallerPairCorr
  0.98CEKYX Columbia Emerging MarketsPairCorr
  0.98CEKRX Columbia Emerging MarketsPairCorr
  0.98CEPRX Columbia Income OppoPairCorr
  0.99CEVYX Columbia Global EquityPairCorr
  0.99CEVZX Columbia Global EquityPairCorr
  0.97RPCCX Columbia Capital AllPairCorr
  1.0GEGTX Columbia Large CapPairCorr
  0.99CFCYX Columbia Flexible CapitalPairCorr
  0.93CFCIX Columbia Large CapPairCorr
  0.96CLM Cornerstone StrategicPairCorr
  0.99CFIZX Columbia Flexible CapitalPairCorr
  0.99SCIRX Columbia SeligmanPairCorr
  0.68LIBCX Columbia Total ReturnPairCorr
  0.98CFRZX Columbia Floating RatePairCorr
  0.98CFRYX Columbia Floating RatePairCorr
  0.99SCMIX Columbia SeligmanPairCorr
  0.99CFXRX Columbia Flexible CapitalPairCorr
  0.99APECX Columbia High YieldPairCorr
  0.89CGCYX Columbia Greater China Steady GrowthPairCorr
  0.98CGEZX Columbia Select GlobalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Balanced 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 Balanced'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
SRINX  0.24  0.02 (0.28) 0.28  0.16 
(0.29)
 0.56 
(0.44)
 1.23 
CUSBX  0.05  0.01  0.00  1.53  0.00 
 0.00 
 0.11 
 0.00 
 0.55 
CUTRX  0.25 (0.01)(0.40)(0.01) 0.28 
(0.27)
 0.41 
(0.51)
 1.12 
CDAZX  0.38  0.04 (0.08) 0.26  0.30 
(0.47)
 0.96 
(0.67)
 2.20 
CUURX  0.96  0.11  0.11  0.24  0.86 
(1.15)
 2.39 
(1.92)
 6.37 
CUTYX  0.24 (0.01)(0.39) 0.02  0.27 
(0.27)
 0.41 
(0.51)
 1.22 
CDDYX  0.53  0.04  0.00  0.19  0.48 
(0.61)
 1.47 
(1.00)
 3.51 
CDDRX  0.53  0.04  0.00  0.19  0.50 
(0.61)
 1.44 
(1.00)
 3.55 
CDEYX  0.61  0.08  0.07  0.23  0.47 
(0.71)
 1.61 
(1.11)
 4.39 
CDIRX  0.53  0.04  0.00  0.18  0.51 
(0.61)
 1.47 
(1.02)
 3.53 

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