Columbia Greater Correlations
| CGCYX Fund | USD 44.30 0.39 0.89% |
The current 90-days correlation between Columbia Greater China and Alger Health Sciences is 0.11 (i.e., Average diversification). The correlation of Columbia Greater 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 Greater Correlation With Market
Weak diversification
The correlation between Columbia Greater China and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Greater China and DJI in the same portfolio, assuming nothing else is changed.
Columbia |
Moving together with Columbia Mutual Fund
| 0.66 | SRINX | Columbia Porate Income | PairCorr |
| 0.78 | CUSBX | Columbia Ultra Short | PairCorr |
| 0.82 | CDAZX | Multi Manager Direct | PairCorr |
| 0.88 | CUURX | Columbia Small Cap | PairCorr |
| 0.88 | CDDYX | Columbia Dividend Income | PairCorr |
| 0.9 | CDEYX | Columbia Diversified | PairCorr |
| 0.88 | CDIRX | Columbia Dividend Income | PairCorr |
| 0.86 | CDOZX | Columbia Dividend | PairCorr |
| 0.92 | CVERX | Columbia Mid Cap | PairCorr |
| 0.9 | CDVZX | Columbia Diversified | PairCorr |
| 0.8 | CEBYX | Columbia Emerging Markets | PairCorr |
| 0.8 | CEBRX | Columbia Emerging Markets | PairCorr |
| 0.95 | CEKRX | Columbia Emerging Markets | PairCorr |
| 0.91 | GEGTX | Columbia Large Cap | PairCorr |
| 0.89 | CFCIX | Columbia Large Cap | PairCorr |
| 0.77 | CLM | Cornerstone Strategic | PairCorr |
| 0.88 | CFRYX | Columbia Floating Rate | PairCorr |
| 0.89 | SCMIX | Columbia Seligman | PairCorr |
| 0.87 | APECX | Columbia High Yield | PairCorr |
| 0.62 | CGEZX | Columbia Select Global | PairCorr |
Related Correlations Analysis
| 0.62 | 0.45 | 0.69 | 0.8 | 0.53 | AHSCX | ||
| 0.62 | 0.72 | 0.91 | 0.61 | 0.76 | DLRHX | ||
| 0.45 | 0.72 | 0.88 | 0.28 | 0.92 | HIAHX | ||
| 0.69 | 0.91 | 0.88 | 0.54 | 0.86 | VGHCX | ||
| 0.8 | 0.61 | 0.28 | 0.54 | 0.39 | LOGSX | ||
| 0.53 | 0.76 | 0.92 | 0.86 | 0.39 | FHCCX | ||
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Risk-Adjusted Indicators
There is a big difference between Columbia Mutual Fund performing well and Columbia Greater 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 Greater'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AHSCX | 0.68 | (0.09) | (0.14) | (0.01) | 0.87 | 1.26 | 3.71 | |||
| DLRHX | 0.94 | (0.08) | (0.07) | 0.04 | 1.31 | 1.81 | 5.81 | |||
| HIAHX | 0.93 | (0.19) | 0.00 | (0.08) | 0.00 | 1.72 | 5.31 | |||
| VGHCX | 0.93 | (0.14) | 0.00 | (0.03) | 0.00 | 1.73 | 5.23 | |||
| LOGSX | 0.76 | (0.12) | 0.00 | (0.02) | 0.00 | 1.36 | 4.52 | |||
| FHCCX | 0.83 | (0.17) | 0.00 | (0.05) | 0.00 | 1.61 | 5.36 |