Columbia Capital Correlations

CPAZX Fund

USD 13.59 0.02 0.15%

The current 90-days correlation between Columbia Capital All and Columbia Capital Allocation is 0.96 (i.e., Almost no diversification). The correlation of Columbia Capital 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 Capital Correlation With Market

Good diversification

The correlation between Columbia Capital Allocation and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Capital Allocation 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 Capital Allocation. 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

0.87	SRINX	Columbia Porate Income	Pair Corr
0.99	CDDRX	Columbia Dividend Income	Pair Corr
0.98	CDEYX	Columbia Diversified	Pair Corr
0.99	AMTCX	Columbia Capital All	Pair Corr
0.99	CDOZX	Columbia Dividend	Pair Corr
0.99	CDOYX	Columbia Dividend	Pair Corr
0.98	CVQZX	Columbia Disciplined	Pair Corr
0.97	CEBRX	Columbia Emerging Markets	Pair Corr
1.0	CECYX	Columbia Large Cap	Pair Corr
0.97	SSVIX	Columbia Select Smaller	Pair Corr
0.99	CEKYX	Columbia Emerging Markets	Pair Corr
0.98	CEPRX	Columbia Income Oppo	Pair Corr
0.99	CEVYX	Columbia Global Equity	Pair Corr
0.99	CEVZX	Columbia Global Equity	Pair Corr
0.96	RPCCX	Columbia Capital All	Pair Corr
0.98	GEGTX	Columbia Large Cap	Pair Corr
0.99	CFCYX	Columbia Flexible Capital	Pair Corr
0.92	CFCIX	Columbia Large Cap	Pair Corr
0.95	CLM	Cornerstone Strategic	Pair Corr
0.99	CFIZX	Columbia Flexible Capital	Pair Corr
1.0	SCIRX	Columbia Seligman	Pair Corr
0.67	LIBCX	Columbia Total Return	Pair Corr
0.98	CFRZX	Columbia Floating Rate	Pair Corr
0.98	CFRYX	Columbia Floating Rate	Pair Corr
0.99	CFXRX	Columbia Flexible Capital	Pair Corr
0.98	CGEZX	Columbia Select Global	Pair Corr
1.0	CGFYX	Columbia Large Cap	Pair Corr

Related Correlations Analysis

	CPDMX	AMIDX	AHSAX	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF
CPDMX		0.97	0.5	0.99	0.62	0.97	0.53	0.0	-0.31	-0.07	CPDMX
AMIDX	0.97		0.49	0.97	0.6	0.95	0.51	0.0	-0.22	-0.12	AMIDX
AHSAX	0.5	0.49		0.5	0.26	0.47	0.06	0.0	-0.52	-0.16	AHSAX
MSTSX	0.99	0.97	0.5		0.59	0.98	0.51	0.0	-0.32	-0.16	MSTSX
LBHIX	0.62	0.6	0.26	0.59		0.55	0.88	0.0	-0.35	0.29	LBHIX
VIASP	0.97	0.95	0.47	0.98	0.55		0.45	0.0	-0.29	-0.2	VIASP
RRTLX	0.53	0.51	0.06	0.51	0.88	0.45		0.0	-0.26	0.32	RRTLX
OSHDF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	OSHDF
70082LAB3	-0.31	-0.22	-0.52	-0.32	-0.35	-0.29	-0.26	0.0		-0.03	70082LAB3
SITKF	-0.07	-0.12	-0.16	-0.16	0.29	-0.2	0.32	0.0	-0.03		SITKF
	CPDMX	AMIDX	AHSAX	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MSTSX	+ 0.99	CPDMX
VIASP	+ 0.98	MSTSX
AMIDX	+ 0.97	CPDMX
VIASP	+ 0.97	CPDMX
MSTSX	+ 0.97	AMIDX
VIASP	+ 0.95	AMIDX

High negative correlations

70082LAB3	- 0.52	AHSAX
70082LAB3	- 0.35	LBHIX
70082LAB3	- 0.32	MSTSX
70082LAB3	- 0.31	CPDMX
70082LAB3	- 0.29	VIASP
70082LAB3	- 0.26	RRTLX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Capital 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 Capital'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CPDMX	0.35	0.15	(0.05)	(2.50)	0.00	(0.42)	1.16	(0.62)	2.49
AMIDX	0.45	0.12	(0.06)	1.83	0.35	(0.52)	1.32	(0.91)	3.09
AHSAX	0.70	0.01	(0.18)	0.05	0.89	(0.70)	1.24	(1.40)	3.68
MSTSX	0.49	0.20	0.02	(1.99)	0.33	(0.58)	1.45	(1.17)	3.51
LBHIX	0.16	0.04	(0.39)	0.56	0.00	(0.31)	0.48	(0.24)	1.20
VIASP	0.44	0.16	0.03	1.43	0.00	(0.57)	1.01	(0.76)	4.38
RRTLX	0.21	0.09	(0.23)	(2.45)	0.00	(0.27)	0.56	(0.39)	1.72
OSHDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
70082LAB3	1.18	0.21	0.02	6.58	2.27	(1.22)	2.55	(1.87)	11.02
SITKF	3.23	0.55	0.04	(0.38)	3.63	(4.94)	7.32	(6.98)	23.19

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