Columbia Dividend Correlations

Mutual Funds . USA . 
Fund . Columbia Dividend Income
CDDRX Fund  USD 35.86  0.02  0.06%   
The current 90-days correlation between Columbia Dividend Income and Columbia Porate Income is 0.42 (i.e., Very weak diversification). The correlation of Columbia Dividend 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 Dividend Correlation With Market

Almost no diversification

The correlation between Columbia Dividend Income and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Dividend Income 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 Dividend Income. 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

  0.87SRINX Columbia Porate IncomePairCorr
  0.95CUSBX Columbia Ultra ShortPairCorr
  0.95CDAZX Multi Manager DirectPairCorr
  0.98CUURX Columbia Small CapPairCorr
  1.0CDDYX Columbia Dividend IncomePairCorr
  1.0CDEYX Columbia DiversifiedPairCorr
  1.0CDIRX Columbia Dividend IncomePairCorr
  0.99AMTCX Columbia Capital AllPairCorr
  0.99CDOZX Columbia DividendPairCorr
  0.99CDOYX Columbia DividendPairCorr
  0.99CVERX Columbia Mid CapPairCorr
  1.0CDVZX Columbia DiversifiedPairCorr
  0.98CVQZX Columbia DisciplinedPairCorr
  0.95CEBYX Columbia Emerging MarketsPairCorr
  0.95CEBRX Columbia Emerging MarketsPairCorr
  0.99CECYX Columbia Large CapPairCorr
  0.98SSVIX Columbia Select SmallerPairCorr
  0.97CEKYX Columbia Emerging MarketsPairCorr
  0.97CEKRX Columbia Emerging MarketsPairCorr
  0.97CEPRX Columbia Income OppoPairCorr
  0.98CEVYX Columbia Global EquityPairCorr
  0.99CEVZX Columbia Global EquityPairCorr
  0.95RPCCX Columbia Capital AllPairCorr
  0.99GEGTX Columbia Large CapPairCorr
  0.99CFCYX Columbia Flexible CapitalPairCorr
  0.93CFCIX Columbia Large CapPairCorr
  0.95CLM Cornerstone StrategicPairCorr
  0.99CFIZX Columbia Flexible CapitalPairCorr
  0.99SCIRX Columbia SeligmanPairCorr
  0.65LIBCX Columbia Total ReturnPairCorr
  0.98CFRZX Columbia Floating RatePairCorr
  0.98CFRYX Columbia Floating RatePairCorr
  0.99SCMIX Columbia SeligmanPairCorr
  0.99CFXRX Columbia Flexible CapitalPairCorr
  0.98APECX Columbia High YieldPairCorr
  0.88CGCYX Columbia Greater China Steady GrowthPairCorr
  0.98CGEZX 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 Dividend 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 Dividend'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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