Columbia Small Correlations

CSVYX Fund

USD 53.97 0.36 0.66%

The current 90-days correlation between Columbia Small Cap and Lazard International Strategic is 0.71 (i.e., Poor diversification). The correlation of Columbia Small 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 Small Correlation With Market

Poor diversification

The correlation between Columbia Small Cap and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Small Cap 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 Small Cap. 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 world development indicators.

Moving together with Columbia Mutual Fund

0.95	CXXRX	Columbia Small Cap	Pair Corr
0.93	VSIIX	Vanguard Small Cap	Pair Corr
0.93	VISVX	Vanguard Small Cap	Pair Corr
0.91	DFSVX	Us Small Cap	Pair Corr
0.9	DFFVX	Us Targeted Value	Pair Corr
0.94	VSMCX	Invesco Small Cap	Pair Corr
0.74	NFJ	Virtus Dividend Interest	Pair Corr

Moving against Columbia Mutual Fund

0.42	UMLGX	Columbia Select Large	Pair Corr
0.66	IFN	India Closed	Pair Corr

Related Correlations Analysis

	RLITX	LISIX	CLCRX	BIIEX	SMBYX	FLCCX	AOMIX	RVT	TEDMX	GCMAX
RLITX		1.0	0.35	0.44	0.46	-0.07	0.76	0.76	0.22	0.52	RLITX
LISIX	1.0		0.34	0.43	0.46	-0.07	0.76	0.76	0.21	0.52	LISIX
CLCRX	0.35	0.34		0.71	-0.34	0.64	0.8	0.2	0.74	0.24	CLCRX
BIIEX	0.44	0.43	0.71		-0.12	0.44	0.69	0.11	0.63	0.3	BIIEX
SMBYX	0.46	0.46	-0.34	-0.12		-0.5	0.09	0.53	-0.59	0.5	SMBYX
FLCCX	-0.07	-0.07	0.64	0.44	-0.5		0.43	0.08	0.49	0.02	FLCCX
AOMIX	0.76	0.76	0.8	0.69	0.09	0.43		0.68	0.5	0.45	AOMIX
RVT	0.76	0.76	0.2	0.11	0.53	0.08	0.68		-0.11	0.45	RVT
TEDMX	0.22	0.21	0.74	0.63	-0.59	0.49	0.5	-0.11		0.03	TEDMX
GCMAX	0.52	0.52	0.24	0.3	0.5	0.02	0.45	0.45	0.03		GCMAX
	RLITX	LISIX	CLCRX	BIIEX	SMBYX	FLCCX	AOMIX	RVT	TEDMX	GCMAX

Please upgrade your account to get full access to Macroaxis premium features

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

LISIX	+ 1.0	RLITX
AOMIX	+ 0.8	CLCRX
AOMIX	+ 0.76	RLITX
RVT	+ 0.76	RLITX
AOMIX	+ 0.76	LISIX
RVT	+ 0.76	LISIX

High negative correlations

TEDMX	- 0.59	SMBYX
FLCCX	- 0.5	SMBYX
SMBYX	- 0.34	CLCRX
SMBYX	- 0.12	BIIEX
TEDMX	- 0.11	RVT
FLCCX	- 0.07	LISIX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Small 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 Small'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
RLITX	0.54	(0.03)	(0.07)	0.02	0.66	(0.57)	1.00	(1.06)	3.05
LISIX	0.54	(0.03)	(0.07)	0.02	0.66	(0.57)	1.00	(1.12)	2.99
CLCRX	0.55	(0.03)	(0.04)	0.04	0.79	(0.53)	1.19	(1.25)	3.51
BIIEX	0.56	(0.02)	(0.06)	0.04	0.76	(0.58)	1.12	(1.18)	4.05
SMBYX	0.77	(0.19)	0.00	(0.22)	0.00	0.00	1.30	(1.53)	8.67
FLCCX	0.54	0.10	0.04	10.79	0.62	(0.65)	1.13	(1.32)	8.00
AOMIX	0.35	(0.03)	(0.11)	0.02	0.46	(0.35)	0.77	(0.71)	1.96
RVT	0.88	(0.05)	(0.02)	0.03	1.10	(0.93)	1.89	(1.69)	4.56
TEDMX	0.76	0.12	0.06	1.04	0.88	(0.81)	1.54	(1.13)	4.85
GCMAX	0.84	(0.14)	0.00	(0.33)	0.00	0.00	1.52	(1.53)	3.88

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC