Columbia Convertible Correlations

Mutual Funds . USA . 
Fund . Columbia Vertible Securities
CSFYX Fund  USD 24.42  0.01  0.04%   
The current 90-days correlation between Columbia Convertible and Columbia Porate Income is 0.39 (i.e., Weak diversification). The correlation of Columbia Convertible 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 Convertible Correlation With Market

Poor diversification

The correlation between Columbia Vertible Securities and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Vertible Securities 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 Vertible Securities. 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 manufacturing.

Moving together with Columbia Mutual Fund

  0.87SRINX Columbia Porate IncomePairCorr
  0.7CUSBX Columbia Ultra ShortPairCorr
  0.69CDAZX Multi Manager DirectPairCorr
  0.7CUURX Columbia Small CapPairCorr
  0.74CDDYX Columbia Dividend IncomePairCorr
  0.97CDDRX Columbia Dividend IncomePairCorr
  0.98CDEYX Columbia DiversifiedPairCorr
  0.67CDIRX Columbia Dividend IncomePairCorr
  0.73AMTCX Columbia Capital AllPairCorr
  0.98CDOZX Columbia DividendPairCorr
  0.74CDOYX Columbia DividendPairCorr
  0.72CVERX Columbia Mid CapPairCorr
  0.74CDVZX Columbia DiversifiedPairCorr
  0.96CVQZX Columbia DisciplinedPairCorr
  0.72CEBYX Columbia Emerging MarketsPairCorr
  0.96CEBRX Columbia Emerging MarketsPairCorr
  0.73CECYX Columbia Large CapPairCorr
  0.72SSVIX Columbia Select SmallerPairCorr
  0.73CEKYX Columbia Emerging MarketsPairCorr
  0.73CEKRX Columbia Emerging MarketsPairCorr
  0.74CEPRX Columbia Income OppoPairCorr
  0.98CEVYX Columbia Global EquityPairCorr
  0.72CEVZX Columbia Global EquityPairCorr
  0.71RPCCX Columbia Capital AllPairCorr
  0.73GEGTX Columbia Large CapPairCorr
  0.73CFCYX Columbia Flexible CapitalPairCorr
  0.9CFCIX Columbia Large CapPairCorr
  0.93CLM Cornerstone StrategicPairCorr
  0.73CFIZX Columbia Flexible CapitalPairCorr
  0.99SCIRX Columbia SeligmanPairCorr
  0.66LIBCX Columbia Total ReturnPairCorr
  0.72CFRZX Columbia Floating RatePairCorr
  0.98CFRYX Columbia Floating RatePairCorr
  0.73SCMIX Columbia SeligmanPairCorr
  0.73CFXRX Columbia Flexible CapitalPairCorr
  0.74APECX Columbia High YieldPairCorr
  0.73CGEZX 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 Convertible 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 Convertible'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  0.24  0.02 (0.28) 0.28  0.16 
(0.29)
 0.56 
(0.44)
 1.23 
CUSBX  0.05  0.01  0.00  1.98  0.00 
 0.00 
 0.11 
 0.00 
 0.55 
CUTRX  0.25 (0.01)(0.40)(0.01) 0.28 
(0.27)
 0.41 
(0.51)
 1.12 
CDAZX  0.37  0.14 (0.01)(1.56) 0.00 
(0.47)
 0.96 
(0.65)
 2.20 
CUURX  0.95  0.16  0.16  0.29  0.79 
(1.15)
 2.39 
(1.89)
 6.37 
CUTYX  0.24  0.01 (0.39)(0.43) 0.25 
(0.27)
 0.41 
(0.50)
 1.22 
CDDYX  0.49  0.21  0.11 (1.43) 0.16 
(0.62)
 1.47 
(0.72)
 3.51 
CDDRX  0.54  0.16  0.02 (2.03) 0.48 
(0.62)
 1.44 
(1.00)
 3.55 
CDEYX  0.61  0.08  0.07  0.23  0.47 
(0.71)
 1.61 
(1.11)
 4.39 
CDIRX  0.50  0.11  0.11  0.32  0.19 
(0.62)
 1.47 
(0.70)
 3.53 

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