Columbia Real Correlations
| CREYX Fund | USD 9.70 0.02 0.21% |
The current 90-days correlation between Columbia Real Estate and The Hartford Inflation is 0.2 (i.e., Modest 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
Poor diversification
The correlation between Columbia Real Estate and DJI is 0.62 (i.e., 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.
Columbia |
Moving together with Columbia Mutual Fund
| 0.83 | FR | First Industrial Realty | PairCorr |
| 0.67 | OZ | Belpointe PREP LLC | PairCorr |
| 0.72 | WY | Weyerhaeuser Earnings Call This Week | PairCorr |
| 0.62 | AHT-PD | Ashford Hospitality Trust | PairCorr |
| 0.65 | DOUG | Douglas Elliman | PairCorr |
| 0.76 | VNO-PL | Vornado Realty Trust | PairCorr |
| 0.71 | VNO-PM | Vornado Realty Trust | PairCorr |
| 0.65 | VNO-PN | Vornado Realty Trust | PairCorr |
| 0.69 | MITT-PB | AG Mortgage Investment | PairCorr |
| 0.71 | MITT-PC | AG Mortgage Investment | PairCorr |
| 0.65 | VTMX | Corporacin Inmobiliaria Earnings Call This Week | PairCorr |
| 0.78 | ELME | Elme Communities | PairCorr |
| 0.67 | ESBA | Empire State Realty | PairCorr |
| 0.73 | ESRT | Empire State Realty Earnings Call This Week | PairCorr |
Moving against Columbia Mutual Fund
| 0.63 | WHLR | Wheeler Real Estate | PairCorr |
| 0.61 | WETH | Wetouch Technology Common | PairCorr |
| 0.39 | ADC | Agree Realty Earnings Call Tomorrow | PairCorr |
| 0.32 | ARE | Alexandria Real Estate Earnings Call Tomorrow | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HIPCX | 0.17 | 0.03 | (0.39) | 8.93 | 0.08 | 0.31 | 1.14 | |||
| ABNCX | 0.14 | 0.02 | (0.37) | (2.69) | 0.09 | 0.30 | 1.09 | |||
| ANBIX | 0.14 | 0.03 | (0.39) | (6.72) | 0.00 | 0.29 | 0.97 | |||
| IBRAX | 0.22 | 0.03 | (0.29) | 1.36 | 0.18 | 0.46 | 1.26 | |||
| TCILX | 0.16 | 0.03 | (0.37) | (2.82) | 0.14 | 0.29 | 1.07 | |||
| HIPAX | 0.17 | 0.03 | (0.36) | 3.68 | 0.00 | 0.30 | 1.10 | |||
| ABNZX | 0.15 | 0.03 | (0.41) | (2.42) | 0.00 | 0.29 | 1.08 |