Columbia Flexible Correlations

CFIGX Fund

USD 13.64 0.02 0.15%

The current 90-days correlation between Columbia Flexible Capital and Barings Emerging Markets is -0.07 (i.e., Good diversification). The correlation of Columbia Flexible 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 Flexible Correlation With Market

Significant diversification

The correlation between Columbia Flexible Capital and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Flexible Capital 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 Flexible Capital. 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 price.

Moving together with Columbia Mutual Fund

0.62	SRIJX	Columbia Corporate Income	Pair Corr
0.91	CDOAX	Columbia Dividend	Pair Corr
0.78	ILGCX	Columbia Integrated Large	Pair Corr
0.82	ILGGX	Columbia Integrated Large	Pair Corr
0.78	ILGJX	Columbia Integrated Large	Pair Corr
0.91	SSCVX	Columbia Select Smaller	Pair Corr
0.88	ILVBX	Columbia Integrated Large	Pair Corr
0.88	ILVFX	Columbia Integrated Large	Pair Corr
0.67	LHIAX	Columbia High Yield	Pair Corr
0.85	CEVAX	Columbia Global Value	Pair Corr
0.71	IMNTX	Columbia Minnesota Tax	Pair Corr
0.74	IMRFX	Columbia Global Oppo	Pair Corr
0.93	CFIAX	Columbia Flexible Capital	Pair Corr
0.86	LIACX	Columbia Acorn	Pair Corr
0.87	SCICX	Columbia Seligman	Pair Corr
0.79	PHIKX	Columbia Convertible	Pair Corr
0.96	INDZX	Columbia Diversified	Pair Corr
0.76	INEAX	Columbia High Yield	Pair Corr
0.72	INTAX	Columbia Strategic	Pair Corr
0.66	LITAX	Columbia Amt Free	Pair Corr
0.74	LITCX	Columbia Amt Free	Pair Corr
0.91	INUTX	Columbia Dividend	Pair Corr
0.81	CGOAX	Columbia Small Cap	Pair Corr
0.66	NACMX	Columbia Amt Free	Pair Corr
0.87	AQEAX	Columbia Disciplined	Pair Corr
0.82	SVLCX	Columbia Select Large	Pair Corr
0.74	UMEBX	Columbia Emerging Markets	Pair Corr
0.87	NSGAX	Columbia Select Large	Pair Corr
0.67	UMLAX	Columbia Select Large	Pair Corr

Moving against Columbia Mutual Fund

0.33

CUSOX

Columbia Ultra Short

Pair Corr

Related Correlations Analysis

	BXECX	TSEMX	VIESX	REMVX	SEDIX	CMERX	GMAQX
BXECX		0.02	0.1	0.03	0.2	0.14	-0.01	BXECX
TSEMX	0.02		0.96	0.96	0.82	0.87	0.98	TSEMX
VIESX	0.1	0.96		0.88	0.87	0.95	0.95	VIESX
REMVX	0.03	0.96	0.88		0.79	0.73	0.95	REMVX
SEDIX	0.2	0.82	0.87	0.79		0.82	0.85	SEDIX
CMERX	0.14	0.87	0.95	0.73	0.82		0.87	CMERX
GMAQX	-0.01	0.98	0.95	0.95	0.85	0.87		GMAQX
	BXECX	TSEMX	VIESX	REMVX	SEDIX	CMERX	GMAQX

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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

GMAQX	+ 0.98	TSEMX
VIESX	+ 0.96	TSEMX
REMVX	+ 0.96	TSEMX
CMERX	+ 0.95	VIESX
GMAQX	+ 0.95	VIESX
GMAQX	+ 0.95	REMVX

High negative correlations

GMAQX

- 0.01

BXECX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Flexible 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 Flexible'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
BXECX	0.05	0.01	0.00	(0.86)	0.00	0.00	0.13	0.00	0.80
TSEMX	1.11	0.13	0.10	0.10	1.39	(1.15)	2.10	(1.85)	7.95
VIESX	0.69	0.12	0.15	0.22	0.98	(0.77)	1.56	(1.56)	5.67
REMVX	1.06	0.14	0.11	0.11	1.45	(1.21)	2.77	(2.54)	8.20
SEDIX	0.11	0.01	0.36	0.08	0.09	(0.16)	0.21	(0.21)	0.85
CMERX	0.87	0.13	0.14	0.15	1.05	(1.02)	1.86	(1.88)	6.74
GMAQX	0.90	0.13	0.11	0.14	1.32	(0.92)	1.77	(2.24)	6.42

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