Columbia Real Correlations

CREAX Fund

USD 9.58 0.02 0.21%

The current 90-days correlation between Columbia Real Estate and Multi Manager Global Real is 0.97 (i.e., Almost no diversification). The correlation of Columbia Real 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 Real Correlation With Market

Very poor diversification

The correlation between Columbia Real Estate and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Real Estate 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 Real Estate. 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

0.73	DX	Dynex Capital	Pair Corr
0.85	FR	First Industrial Realty	Pair Corr
0.66	LB	LandBridge Company	Pair Corr
0.68	OZ	Belpointe PREP LLC	Pair Corr
0.73	PK	Park Hotels Resorts	Pair Corr
0.64	PW	Power REIT	Pair Corr
0.76	UE	Urban Edge Properties	Pair Corr
0.62	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.72	VNO-PL	Vornado Realty Trust	Pair Corr
0.72	VNO-PM	Vornado Realty Trust	Pair Corr
0.69	VNO-PN	Vornado Realty Trust	Pair Corr
0.64	VNO-PO	Vornado Realty Trust	Pair Corr
0.76	MITT-PA	AG Mortgage Investment	Pair Corr
0.81	MITT-PB	AG Mortgage Investment	Pair Corr
0.76	MITT-PC	AG Mortgage Investment	Pair Corr
0.66	VTMX	Corporacin Inmobiliaria	Pair Corr
0.77	ELME	Elme Communities	Pair Corr
0.85	EPRT	Essential Properties	Pair Corr
0.79	EQIX	Equinix	Pair Corr
0.76	WELL	Welltower	Pair Corr
0.75	CDR-PC	Cedar Realty Trust	Pair Corr

Moving against Columbia Mutual Fund

0.38	WETH	Wetouch Technology Common	Pair Corr
0.36	WHLR	Wheeler Real Estate	Pair Corr

Related Correlations Analysis

	NMMGX	IRGIX	PREAX	FORFX	SFREX	DRLIX
NMMGX		1.0	1.0	0.84	0.97	1.0	NMMGX
IRGIX	1.0		1.0	0.83	0.97	1.0	IRGIX
PREAX	1.0	1.0		0.82	0.97	1.0	PREAX
FORFX	0.84	0.83	0.82		0.84	0.83	FORFX
SFREX	0.97	0.97	0.97	0.84		0.97	SFREX
DRLIX	1.0	1.0	1.0	0.83	0.97		DRLIX
	NMMGX	IRGIX	PREAX	FORFX	SFREX	DRLIX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Real 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 Real'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
NMMGX	0.81	0.01	(0.02)	0.11	1.36	(0.79)	1.62	(2.01)	7.27
IRGIX	0.77	0.01	(0.02)	0.11	1.29	(0.76)	1.49	(1.80)	6.78
PREAX	0.83	0.00	(0.02)	0.10	1.42	(0.80)	1.50	(2.11)	8.03
FORFX	0.07	0.03	0.00	12.57	0.00	0.00	0.11	(0.11)	0.32
SFREX	0.72	0.03	(0.01)	0.16	1.16	(0.73)	1.61	(1.65)	6.76
DRLIX	0.77	0.02	(0.01)	0.13	1.30	(0.76)	1.57	(2.02)	7.04

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