Columbia Capital Correlations

Mutual Funds . USA . 
Fund . Columbia Capital Allocation
CBMZX Fund  USD 10.83  0.03  0.28%   
The current 90-days correlation between Columbia Capital All and Columbia Porate Income is 0.61 (i.e., Poor 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

Very poor diversification

The correlation between Columbia Capital Allocation and DJI is 0.87 (i.e., Very poor 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

  0.91SRINX Columbia Porate IncomePairCorr
  0.96CUSBX Columbia Ultra ShortPairCorr
  0.97CDAZX Multi Manager DirectPairCorr
  0.97CUURX Columbia Small CapPairCorr
  0.99CDDYX Columbia Dividend IncomePairCorr
  0.99CDDRX Columbia Dividend IncomePairCorr
  0.99CDEYX Columbia DiversifiedPairCorr
  0.97CDIRX Columbia Dividend IncomePairCorr
  0.99AMTCX Columbia Capital AllPairCorr
  0.98CDOZX Columbia DividendPairCorr
  0.99CDOYX Columbia DividendPairCorr
  0.98CVERX Columbia Mid CapPairCorr
  0.99CDVZX Columbia DiversifiedPairCorr
  0.97CVQZX Columbia DisciplinedPairCorr
  0.98CEBYX Columbia Emerging MarketsPairCorr
  0.97CEBRX Columbia Emerging MarketsPairCorr
  0.99CECYX Columbia Large CapPairCorr
  0.96SSVIX Columbia Select SmallerPairCorr
  0.98CEKYX Columbia Emerging MarketsPairCorr
  0.98CEKRX Columbia Emerging MarketsPairCorr
  0.99CEPRX Columbia Income OppoPairCorr
  0.99CEVYX Columbia Global EquityPairCorr
  1.0CEVZX Columbia Global EquityPairCorr
  0.97RPCCX Columbia Capital AllPairCorr
  0.98GEGTX Columbia Large CapPairCorr
  0.99CFCYX Columbia Flexible CapitalPairCorr
  0.9CFCIX Columbia Large CapPairCorr
  0.96CLM Cornerstone Strategic Sell-off TrendPairCorr
  0.99CFIZX Columbia Flexible CapitalPairCorr
  0.99SCIRX Columbia SeligmanPairCorr
  0.72LIBCX Columbia Total ReturnPairCorr
  0.97CFRZX Columbia Floating RatePairCorr
  0.97CFRYX Columbia Floating RatePairCorr
  0.99SCMIX Columbia SeligmanPairCorr
  0.99CFXRX Columbia Flexible CapitalPairCorr
  0.98APECX Columbia High YieldPairCorr
  0.87CGCYX Columbia Greater China Steady GrowthPairCorr
  0.97CGEZX Columbia Select GlobalPairCorr

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
SRINX  0.24  0.02 (0.29) 0.29  0.16 
(0.29)
 0.56 
(0.44)
 1.23 
CUSBX  0.05  0.01  0.00  1.51  0.00 
 0.00 
 0.11 
 0.00 
 0.55 
CUTRX  0.25  0.00 (0.41) 0.06  0.27 
(0.27)
 0.41 
(0.51)
 1.12 
CDAZX  0.39  0.04 (0.09) 0.25  0.31 
(0.47)
 0.96 
(0.67)
 2.20 
CUURX  0.95  0.12  0.11  0.25  0.85 
(1.12)
 2.39 
(1.92)
 6.37 
CUTYX  0.24 (0.01)(0.41) 0.02  0.27 
(0.27)
 0.41 
(0.51)
 1.22 
CDDYX  0.52  0.04  0.00  0.19  0.47 
(0.59)
 1.47 
(1.00)
 3.51 
CDDRX  0.52  0.04  0.00  0.19  0.49 
(0.59)
 1.44 
(1.00)
 3.55 
CDEYX  0.60  0.08  0.07  0.24  0.46 
(0.71)
 1.61 
(1.11)
 4.39 
CDIRX  0.53  0.14 (0.01)(2.05) 0.51 
(0.61)
 1.47 
(1.02)
 3.53 

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