Columbia Marsico Correlations

Mutual Funds . USA . 
Fund . Columbia Marsico Growth
CMRCX Fund  USD 10.33  0.04  0.39%   
The current 90-days correlation between Columbia Marsico Growth and Calamos Antetokounmpo Sustainable is -0.14 (i.e., Good diversification). The correlation of Columbia Marsico 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 Marsico Correlation With Market

Good diversification

The correlation between Columbia Marsico Growth and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Marsico 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 Marsico 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 main economic indicators.

Moving together with Columbia Mutual Fund

  0.64SROIX Calamos AntetokounmpoPairCorr
  0.64SROAX Innealta Capital SectorPairCorr
  0.64SROCX Calamos AntetokounmpoPairCorr
  0.64SRORX Calamos AntetokounmpoPairCorr
  0.65CVAIX Calamos OpportunisticPairCorr
  0.65CVACX Calamos OpportunisticPairCorr
  0.65CVAAX Calamos OpportunisticPairCorr
  0.64CVGRX Calamos GrowthPairCorr
  0.64CVGCX Calamos GrowthPairCorr
  0.64CVLOX Calamos Global GrowthPairCorr
  0.64CVLCX Calamos Global GrowthPairCorr
  0.63CVSIX Calamos Market NeutralPairCorr
  0.65CVSCX Calamos Market NeutralPairCorr
  0.64CVTCX Calamos Growth IncomePairCorr
  0.64CVTRX Calamos Growth IncomePairCorr
  0.71CXGCX Calamos Global VertiblePairCorr
  0.97CGIOX Calamos Growth AndPairCorr
  0.97CGIIX Calamos Growth IncomePairCorr
  0.73CGRIX Calamos GrowthPairCorr
  0.67CHYDX Calamos High IncomePairCorr
  0.97CIDVX Calamos Dividend GrowthPairCorr
  0.98CICVX Calamos VertiblePairCorr
  0.63CIGRX Calamos InternationalPairCorr
  0.96CIGEX Calamos Global EquityPairCorr
  0.93CIGCX Calamos InternationalPairCorr
  0.65CIHEX Calamos Hedged EquityPairCorr
  0.65CMNIX Calamos Market NeutralPairCorr
  1.0CMRAX Columbia Large CapPairCorr
  1.0CMRGX Calamos Investment TrustPairCorr
  0.65CNWGX Calamos Evolving WorldPairCorr
  0.73CPLIX Calamos Phineus LongshortPairCorr
  0.73CPLSX Calamos Phineus LongshortPairCorr
  0.93CRLSX Calamos LongshortPairCorr
  0.63CAGEX Calamos Global EquityPairCorr
  0.65CAGCX Calamos Global VertiblePairCorr
  0.97CAHEX Calamos Hedged EquityPairCorr
  0.91CAISX Calamos InternationalPairCorr
  0.91CSGIX Calamos InternationalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Marsico 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 Marsico'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
SROIX  0.51  0.20  0.23  0.48  0.00 
(0.64)
 1.38 
(0.75)
 3.81 
SROAX  0.53  0.20  0.22  0.47  0.00 
(0.64)
 1.38 
(0.82)
 3.73 
SROCX  0.53  0.20  0.23  0.47  0.00 
(0.67)
 1.40 
(0.76)
 3.78 
SRORX  0.52  0.20  0.22  0.48  0.00 
(0.64)
 1.38 
(0.82)
 3.81 
CVAIX  0.60  0.24  0.31  0.48  0.00 
(0.78)
 1.94 
(0.83)
 4.58 
CVACX  0.60  0.23  0.31  0.47  0.00 
(0.77)
 1.97 
(0.79)
 4.64 
CVAAX  0.60  0.24  0.31  0.47  0.00 
(0.78)
 1.94 
(0.82)
 4.65 
CVGRX  0.78  0.45  0.46 (4.66) 0.00 
(0.98)
 2.53 
(0.89)
 5.25 
CVGCX  0.78  0.33  0.44  0.58  0.00 
(1.03)
 2.54 
(0.92)
 5.25 
CVLOX  0.42  0.23  0.26  0.77  0.00 
(0.54)
 1.42 
(0.62)
 2.69 

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