Columbia Mid Correlations

CBSAX Fund

USD 26.43 0.12 0.45%

The current 90-days correlation between Columbia Mid Cap and Columbia Large Cap is 0.8 (i.e., Very poor diversification). The correlation of Columbia Mid 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 Mid Correlation With Market

Very weak diversification

The correlation between Columbia Mid Cap and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Mid Cap 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 Mid Cap. 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

0.97	PAMCX	T Rowe Price	Pair Corr
0.98	TRQZX	T Rowe Price	Pair Corr
0.93	PRJIX	T Rowe Price	Pair Corr
0.93	TRUZX	T Rowe Price	Pair Corr
0.91	PCBIX	Midcap Fund Institutional	Pair Corr
0.9	PEMGX	Midcap Fund Class	Pair Corr
0.9	PMBCX	Midcap Fund Class	Pair Corr
0.98	VTSAX	Vanguard Total Stock	Pair Corr
0.99	VFIAX	Vanguard 500 Index	Pair Corr
0.99	VTSMX	Vanguard Total Stock	Pair Corr
0.99	VSMPX	Vanguard Total Stock	Pair Corr
0.99	VSTSX	Vanguard Total Stock	Pair Corr
0.99	VITSX	Vanguard Total Stock	Pair Corr
0.98	VFINX	Vanguard 500 Index	Pair Corr
0.99	VFFSX	Vanguard 500 Index	Pair Corr
0.97	VGTSX	Vanguard Total Inter	Pair Corr
0.97	VTIAX	Vanguard Total Inter	Pair Corr
0.87	BA	Boeing Earnings Call This Week	Pair Corr
0.67	CSCO	Cisco Systems	Pair Corr
0.68	CVX	Chevron Corp	Pair Corr
0.62	BAC	Bank of America Aggressive Push	Pair Corr

Moving against Columbia Mutual Fund

0.67	MCD	McDonalds	Pair Corr
0.31	VZ	Verizon Communications Aggressive Push	Pair Corr

Related Correlations Analysis

	CLWFX	NFEDX	NFECX	NFEBX	NFEAX	CLVRX	SRIJX	CLXRX	SRINX
CLWFX		1.0	0.0	0.0	0.95	0.97	0.81	1.0	0.81	CLWFX
NFEDX	1.0		0.0	0.0	0.95	0.97	0.8	1.0	0.8	NFEDX
NFECX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	NFECX
NFEBX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	NFEBX
NFEAX	0.95	0.95	0.0	0.0		0.91	0.66	0.95	0.66	NFEAX
CLVRX	0.97	0.97	0.0	0.0	0.91		0.82	0.98	0.82	CLVRX
SRIJX	0.81	0.8	0.0	0.0	0.66	0.82		0.81	1.0	SRIJX
CLXRX	1.0	1.0	0.0	0.0	0.95	0.98	0.81		0.81	CLXRX
SRINX	0.81	0.8	0.0	0.0	0.66	0.82	1.0	0.81		SRINX
	CLWFX	NFEDX	NFECX	NFEBX	NFEAX	CLVRX	SRIJX	CLXRX	SRINX

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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

NFEDX	+ 1.0	CLWFX
CLXRX	+ 1.0	CLWFX
CLXRX	+ 1.0	NFEDX
SRINX	+ 1.0	SRIJX
CLXRX	+ 0.98	CLVRX
CLVRX	+ 0.97	CLWFX

High negative correlations

SRINX	- 0.0	NFEBX
CLXRX	- 0.0	NFEBX
SRIJX	- 0.0	NFEBX
CLVRX	- 0.0	NFEBX
NFEAX	- 0.0	NFEBX
SRINX	- 0.0	NFECX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Mid 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 Mid'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
CLWFX	0.68	0.17	0.14	0.47	0.14	(0.83)	1.44	(0.88)	6.05
NFEDX	0.69	0.18	0.13	0.51	0.09	(0.89)	1.58	(0.91)	5.90
NFECX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NFEBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NFEAX	0.73	0.08	0.02	0.31	0.93	(0.82)	1.48	(0.91)	9.30
CLVRX	0.58	0.03	(0.05)	0.26	0.50	(0.66)	1.47	(0.98)	4.34
SRIJX	0.22	0.02	(0.57)	0.42	0.13	(0.27)	0.55	(0.44)	1.20
CLXRX	0.53	0.11	0.04	0.38	0.11	(0.63)	1.12	(0.79)	4.89
SRINX	0.22	0.01	(0.58)	0.34	0.15	(0.27)	0.55	(0.44)	1.20

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