Columbia Strategic Correlations

Mutual Funds . USA . 
Fund . Columbia Strategic Income
COSIX Fund  USD 22.01  0.03  0.14%   
The current 90-days correlation between Columbia Strategic Income and Columbia Corporate Income is 0.03 (i.e., Significant diversification). The correlation of Columbia Strategic 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 Strategic Correlation With Market

Very weak diversification

The correlation between Columbia Strategic Income and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Strategic Income 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 Strategic Income. 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 gross domestic product.

Moving together with Columbia Mutual Fund

  0.95SRIJX Columbia Corporate IncomePairCorr
  0.91CUSOX Columbia Ultra ShortPairCorr
  0.9CDOAX Columbia DividendPairCorr
  0.87ILGCX Columbia Integrated LargePairCorr
  0.87ILGGX Columbia Integrated LargePairCorr
  0.87ILGJX Columbia Integrated LargePairCorr
  0.84SSCVX Columbia Select SmallerPairCorr
  0.87ILVBX Columbia Integrated LargePairCorr
  0.87ILVFX Columbia Integrated LargePairCorr
  0.92CEVAX Columbia Global ValuePairCorr
  0.61IMNTX Columbia Minnesota TaxPairCorr
  0.93IMRFX Columbia Global OppoPairCorr
  0.92CFIGX Columbia Flexible CapitalPairCorr
  0.88CFIAX Columbia Flexible CapitalPairCorr
  0.87LIACX Columbia AcornPairCorr
  0.91SCICX Columbia SeligmanPairCorr
  0.91PHIKX Columbia ConvertiblePairCorr
  0.91LIBAX Columbia Total ReturnPairCorr
  0.87INDZX Columbia DiversifiedPairCorr
  0.92INEAX Columbia High YieldPairCorr
  0.98LIIAX Columbia Porate IncomePairCorr
  0.78LITAX Columbia Amt FreePairCorr
  0.88LITCX Columbia Amt FreePairCorr
  0.92INUTX Columbia DividendPairCorr
  0.89CGOAX Columbia Small CapPairCorr
  0.9CGTDX Columbia Global TechPairCorr
  0.84NACMX Columbia Amt FreePairCorr
  0.62PISDX Columbia Pyrford IntPairCorr
  0.67PISLX Columbia Pyrford IntPairCorr
  0.67PISOX Columbia Pyrford IntPairCorr
  0.84PISJX Columbia Pyrford IntPairCorr
  0.85PISQX Columbia Pyrford IntPairCorr
  0.86AQEAX Columbia DisciplinedPairCorr
  0.89SVLCX Columbia Select LargePairCorr
  0.87UMEBX Columbia Emerging MarketsPairCorr
  0.83NSGAX Columbia Select LargePairCorr
  0.86UMLAX Columbia Select LargePairCorr
  0.72UMMDX Columbia BondPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Strategic 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 Strategic'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  0.25  0.05 (0.24)(1.26) 0.14 
(0.30)
 0.56 
(0.44)
 1.47 
CUSOX  0.05  0.01  0.00  6.37  0.00 
 0.00 
 0.11 
 0.00 
 0.54 
CDOAX  0.56  0.19  0.06 (1.91) 0.43 
(0.60)
 1.44 
(1.12)
 3.79 
ILGCX  0.83  0.31  0.15 (1.97) 0.68 
(0.99)
 2.27 
(1.47)
 5.98 
ILGGX  0.84  0.30  0.15 (2.65) 0.68 
(1.02)
 2.32 
(1.48)
 5.97 
ILGJX  0.83  0.31  0.16 (2.04) 0.68 
(0.99)
 2.26 
(1.47)
 5.99 
SSCVX  0.90  0.31  0.15 (2.63) 0.76 
(1.05)
 2.13 
(1.74)
 6.57 
ILVBX  0.61  0.14 (0.01)(0.86) 0.67 
(0.67)
 1.43 
(1.29)
 4.14 
ILVFX  0.63  0.15  0.00 (0.83) 0.67 
(0.69)
 1.41 
(1.28)
 4.13 
LHIAX  0.21  0.02 (0.36)(0.26) 0.19 
(0.31)
 0.57 
(0.35)
 1.96 

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