Columbia Acorn Correlations

Mutual Funds . USA . 
Fund . Columbia Acorn International
CCYIX Fund  USD 24.87  0.12  0.48%   
The current 90-days correlation between Columbia Acorn Inter and Columbia Porate Income is 0.4 (i.e., Very weak diversification). The correlation of Columbia Acorn 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 Acorn Correlation With Market

Very weak diversification

The correlation between Columbia Acorn International and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Acorn International 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 Acorn International. 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 gross domestic product.

Moving together with Columbia Mutual Fund

  0.91CUSBX Columbia Ultra ShortPairCorr
  0.93CDAZX Multi Manager DirectPairCorr
  0.96CDDYX Columbia Dividend IncomePairCorr
  0.94CDDRX Columbia Dividend IncomePairCorr
  0.96AMTCX Columbia Capital AllPairCorr
  0.95CDOZX Columbia DividendPairCorr
  0.95CDOYX Columbia DividendPairCorr
  0.96CVERX Columbia Mid CapPairCorr
  0.97CDVZX Columbia DiversifiedPairCorr
  0.97CVQZX Columbia DisciplinedPairCorr
  0.92CEBYX Columbia Emerging MarketsPairCorr
  0.92CEBRX Columbia Emerging MarketsPairCorr
  0.96CECYX Columbia Large CapPairCorr
  0.95SSVIX Columbia Select SmallerPairCorr
  0.97CEKYX Columbia Emerging MarketsPairCorr
  0.97CEKRX Columbia Emerging MarketsPairCorr
  0.97CEPRX Columbia Income OppoPairCorr
  0.95CEVYX Columbia Global EquityPairCorr
  0.95CEVZX Columbia Global EquityPairCorr
  0.92RPCCX Columbia Capital AllPairCorr
  0.95GEGTX Columbia Large CapPairCorr
  0.94CFCYX Columbia Flexible CapitalPairCorr
  0.97CFCIX Columbia Large CapPairCorr
  0.94CFIZX Columbia Flexible CapitalPairCorr
  0.95SCIRX Columbia SeligmanPairCorr
  0.95CFRZX Columbia Floating RatePairCorr
  0.95CFRYX Columbia Floating RatePairCorr
  0.95SCMIX Columbia SeligmanPairCorr
  0.94CFXRX Columbia Flexible CapitalPairCorr
  0.97APECX Columbia High YieldPairCorr
  0.92CGCYX 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 Acorn 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 Acorn'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  0.23  0.03 (0.28) 0.42  0.09 
(0.29)
 0.56 
(0.44)
 1.23 
CUSBX  0.05  0.01  0.00  1.96  0.00 
 0.00 
 0.11 
 0.00 
 0.55 
CUTRX  0.25  0.00 (0.39) 0.13  0.27 
(0.27)
 0.41 
(0.51)
 1.13 
CDAZX  0.38  0.04 (0.08) 0.26  0.30 
(0.47)
 0.96 
(0.67)
 2.20 
CUURX  0.95  0.16  0.16  0.29  0.79 
(1.15)
 2.39 
(1.89)
 6.37 
CUTYX  0.24  0.01 (0.39)(0.43) 0.25 
(0.27)
 0.41 
(0.50)
 1.22 
CDDYX  0.53  0.04  0.00  0.19  0.48 
(0.61)
 1.47 
(1.00)
 3.51 
CDDRX  0.54  0.16  0.02 (2.03) 0.48 
(0.62)
 1.44 
(1.00)
 3.55 
CDEYX  0.57  0.15  0.17  0.34  0.17 
(0.71)
 1.61 
(0.79)
 4.39 
CDIRX  0.50  0.11  0.11  0.32  0.19 
(0.62)
 1.47 
(0.70)
 3.53 

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