Columbia Alternative Correlations

Mutual Funds . USA . 
Fund . Columbia Alternative Beta
CLAAX Fund  USD 28.36  0.04  0.14%   
The current 90-days correlation between Columbia Alternative Beta and Columbia Corporate Income is 0.32 (i.e., Weak diversification). The correlation of Columbia Alternative 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 Alternative Correlation With Market

Significant diversification

The correlation between Columbia Alternative Beta and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Alternative Beta 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 Alternative Beta. 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 nation.

Moving together with Columbia Mutual Fund

  0.81SRIJX Columbia Corporate IncomePairCorr
  0.86CUSOX Columbia Ultra ShortPairCorr
  0.9CDOAX Columbia DividendPairCorr
  0.91ILGCX Columbia Integrated LargePairCorr
  0.91ILGGX Columbia Integrated LargePairCorr
  0.91ILGJX Columbia Integrated LargePairCorr
  0.87SSCVX Columbia Select SmallerPairCorr
  0.86ILVFX Columbia Integrated LargePairCorr
  0.91CEVAX Columbia Global ValuePairCorr
  0.93CFIAX Columbia Flexible CapitalPairCorr
  0.91LIACX Columbia AcornPairCorr
  0.91SCICX Columbia SeligmanPairCorr
  0.88PHIKX Columbia ConvertiblePairCorr
  0.91INDZX Columbia DiversifiedPairCorr
  0.92INEAX Columbia High YieldPairCorr
  0.81LIIAX Columbia Porate IncomePairCorr
  0.8LITAX Columbia Amt FreePairCorr
  0.78LITCX Columbia Amt FreePairCorr
  0.9INUTX Columbia DividendPairCorr
  0.9CGOAX Columbia Small CapPairCorr
  0.82NACMX Columbia Amt FreePairCorr
  0.92PISDX Columbia Pyrford IntPairCorr
  0.92PISLX Columbia Pyrford IntPairCorr
  0.92PISOX Columbia Pyrford IntPairCorr
  0.61PISQX Columbia Pyrford IntPairCorr
  0.9AQEAX Columbia DisciplinedPairCorr
  0.9UMEBX Columbia Emerging MarketsPairCorr
  0.89NSGAX Columbia Select LargePairCorr

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 Alternative 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 Alternative'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
SRIJX  0.24  0.02 (0.27) 0.30  0.17 
(0.29)
 0.56 
(0.44)
 1.23 
CUSOX  0.04  0.01  0.00  0.92  0.00 
 0.00 
 0.11 
 0.00 
 0.54 
CDOAX  0.55  0.07  0.03  0.23  0.46 
(0.58)
 1.44 
(1.12)
 3.79 
ILGCX  0.83  0.15  0.15  0.27  0.67 
(0.99)
 2.27 
(1.47)
 5.98 
ILGGX  0.83  0.15  0.15  0.28  0.67 
(1.01)
 2.32 
(1.48)
 5.97 
ILGJX  0.83  0.15  0.15  0.27  0.66 
(0.99)
 2.26 
(1.47)
 5.99 
SSCVX  0.89  0.14  0.13  0.26  0.78 
(1.04)
 2.13 
(1.74)
 6.57 
ILVBX  0.55  0.14  0.00 (3.64) 0.53 
(0.63)
 1.26 
(1.19)
 4.14 
ILVFX  0.62  0.00 (0.02) 0.13  0.67 
(0.69)
 1.41 
(1.28)
 4.13 
LHIAX  0.20 (0.02)(0.41)(0.12) 0.25 
(0.28)
 0.46 
(0.45)
 1.60 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY