Columbia Disciplined Correlations

Mutual Funds . USA . 
Fund . Columbia Disciplined Growth
CGQYX Fund  USD 12.11  0.02  0.16%   
The current 90-days correlation between Columbia Disciplined and Columbia Porate Income is 0.37 (i.e., Weak diversification). The correlation of Columbia Disciplined 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 Disciplined Correlation With Market

Very poor diversification

The correlation between Columbia Disciplined Growth and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Disciplined Growth 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 Disciplined Growth. 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 manufacturing.

Moving together with Columbia Mutual Fund

  0.82SRINX Columbia Porate IncomePairCorr
  0.93CUSBX Columbia Ultra ShortPairCorr
  0.95CDAZX Multi Manager DirectPairCorr
  0.97CUURX Columbia Small CapPairCorr
  0.98CDDYX Columbia Dividend IncomePairCorr
  0.97CDDRX Columbia Dividend IncomePairCorr
  0.99CDEYX Columbia DiversifiedPairCorr
  0.97CDIRX Columbia Dividend IncomePairCorr
  0.97AMTCX Columbia Capital AllPairCorr
  0.97CDOZX Columbia DividendPairCorr
  0.97CDOYX Columbia DividendPairCorr
  0.99CVERX Columbia Mid CapPairCorr
  0.99CDVZX Columbia DiversifiedPairCorr
  0.98CVQZX Columbia DisciplinedPairCorr
  0.93CEBYX Columbia Emerging MarketsPairCorr
  0.93CEBRX Columbia Emerging MarketsPairCorr
  1.0CECYX Columbia Large CapPairCorr
  0.97SSVIX Columbia Select SmallerPairCorr
  0.98CEKYX Columbia Emerging MarketsPairCorr
  0.98CEKRX Columbia Emerging MarketsPairCorr
  0.97CEPRX Columbia Income OppoPairCorr
  0.97CEVYX Columbia Global EquityPairCorr
  0.97CEVZX Columbia Global EquityPairCorr
  0.93RPCCX Columbia Capital AllPairCorr
  1.0GEGTX Columbia Large CapPairCorr
  0.97CFCYX Columbia Flexible CapitalPairCorr
  0.93CFCIX Columbia Large CapPairCorr
  0.94CLM Cornerstone StrategicPairCorr
  0.97CFIZX Columbia Flexible CapitalPairCorr
  0.99SCIRX Columbia SeligmanPairCorr
  0.97CFRZX Columbia Floating RatePairCorr
  0.98CFRYX Columbia Floating RatePairCorr
  0.99SCMIX Columbia SeligmanPairCorr
  0.97CFXRX Columbia Flexible CapitalPairCorr
  0.97APECX Columbia High YieldPairCorr
  0.92CGCYX Columbia Greater ChinaPairCorr
  0.99CGEZX 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 Disciplined 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 Disciplined'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  0.01 (0.40) 0.23  0.17 
(0.28)
 0.56 
(0.44)
 1.23 
CUSBX  0.05  0.01  0.00  1.57  0.00 
 0.00 
 0.11 
 0.00 
 0.55 
CUTRX  0.25 (0.01)(0.51) 0.00  0.28 
(0.27)
 0.41 
(0.51)
 1.12 
CDAZX  0.38  0.03 (0.15) 0.26  0.29 
(0.47)
 0.96 
(0.67)
 2.20 
CUURX  0.96  0.11  0.12  0.27  0.82 
(1.15)
 2.39 
(1.92)
 6.37 
CUTYX  0.24 (0.01)(0.51)(0.01) 0.27 
(0.27)
 0.41 
(0.51)
 1.22 
CDDYX  0.51  0.05  0.00  0.24  0.37 
(0.60)
 1.47 
(0.91)
 3.51 
CDDRX  0.52  0.15 (0.04)(1.59) 0.49 
(0.59)
 1.44 
(1.00)
 3.55 
CDEYX  0.59  0.08  0.07  0.27  0.38 
(0.71)
 1.61 
(0.82)
 4.39 
CDIRX  0.53  0.15 (0.05)(1.59) 0.49 
(0.59)
 1.47 
(1.02)
 3.53 

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