Columbia Thermostat Correlations

Mutual Funds . USA . 
Fund . Columbia Thermostat Fund
COTZX Fund  USD 17.32  0.04  0.23%   
The current 90-days correlation between Columbia Thermostat and Columbia Porate Income is 0.49 (i.e., Very weak diversification). The correlation of Columbia Thermostat 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 Thermostat Correlation With Market

Almost no diversification

The correlation between Columbia Thermostat Fund and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Thermostat Fund 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 Thermostat Fund. 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

  0.79SRINX Columbia Porate IncomePairCorr
  0.93CUSBX Columbia Ultra ShortPairCorr
  0.97CDAZX Multi-manager DirectionalPairCorr
  0.96CUURX Columbia Small CapPairCorr
  0.96CDDYX Columbia Dividend IncomePairCorr
  0.96CDDRX Columbia Dividend IncomePairCorr
  0.97CDEYX Columbia DiversifiedPairCorr
  0.96CDIRX Columbia Dividend IncomePairCorr
  0.99AMTCX Columbia Capital AllPairCorr
  0.94CDOZX Columbia DividendPairCorr
  0.94CDOYX Columbia DividendPairCorr
  0.96CVERX Columbia Mid CapPairCorr
  0.97CDVZX Columbia DiversifiedPairCorr
  0.95CVQZX Columbia DisciplinedPairCorr
  0.92CEBYX Columbia Emerging MarketsPairCorr
  0.92CEBRX Columbia Emerging MarketsPairCorr
  0.99CECYX Columbia Large CapPairCorr
  0.95SSVIX Columbia Select SmallerPairCorr
  0.97CEKYX Columbia Emerging MarketsPairCorr
  0.97CEKRX Columbia Emerging MarketsPairCorr
  0.98CEPRX Columbia Income OppoPairCorr
  0.97CEVYX Columbia Global EquityPairCorr
  0.97CEVZX Columbia Global EquityPairCorr
  0.96RPCCX Columbia Capital AllPairCorr
  1.0GEGTX Columbia Large CapPairCorr
  0.96CFCYX Columbia Flexible CapitalPairCorr
  0.96CFCIX Columbia Large CapPairCorr
  0.88CLM Cornerstone StrategicPairCorr
  0.96CFIZX Columbia Flexible CapitalPairCorr
  0.99SCIRX Columbia SeligmanPairCorr
  0.97CFRZX Columbia Floating RatePairCorr
  0.97CFRYX Columbia Floating RatePairCorr
  0.99SCMIX Columbia SeligmanPairCorr
  0.96CFXRX Columbia Flexible CapitalPairCorr
  0.98APECX Columbia High YieldPairCorr
  0.87CGCYX Columbia Greater ChinaPairCorr
  0.98CGEZX 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 Thermostat 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 Thermostat'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  0.27  0.00 (0.19) 0.15  0.36 
(0.29)
 0.55 
(0.67)
 1.66 
CUSBX  0.05  0.01  0.00  1.77  0.00 
 0.00 
 0.11 
(0.11)
 0.55 
CUTRX  0.28 (0.01)(0.28) 0.71  0.35 
(0.29)
 0.52 
(0.51)
 1.71 
CDAZX  0.46  0.05 (0.02) 0.27  0.49 
(0.54)
 0.97 
(1.11)
 3.62 
CUURX  1.28  0.06  0.03  0.16  1.82 
(1.42)
 2.40 
(3.07)
 11.97 
CUTYX  0.28 (0.01)(0.28) 0.58  0.35 
(0.29)
 0.51 
(0.51)
 1.60 
CDDYX  0.81  0.00 (0.01) 0.10  1.36 
(0.83)
 1.50 
(1.80)
 8.76 
CDDRX  0.81  0.00 (0.01) 0.10  1.37 
(0.83)
 1.50 
(1.80)
 8.74 
CDEYX  0.95  0.01  0.00  0.12  1.57 
(0.96)
 1.62 
(1.82)
 10.43 
CDIRX  0.81 (0.01)(0.02) 0.09  1.36 
(0.83)
 1.48 
(1.80)
 8.68 

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