Columbia Ultra Correlations

CUSBX Fund

USD 9.28 0.01 0.11%

The current 90-days correlation between Columbia Ultra Short and International Investors Gold is -0.04 (i.e., Good diversification). The correlation of Columbia Ultra 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 Ultra Correlation With Market

Significant diversification

The correlation between Columbia Ultra Short and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Ultra Short 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 Ultra Short. 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 bureau of labor statistics.

Moving together with Columbia Mutual Fund

0.92	CDAZX	Multi Manager Direct	Pair Corr
0.66	CDEYX	Columbia Diversified	Pair Corr
0.68	AMTCX	Columbia Capital All	Pair Corr
0.66	CDVZX	Columbia Diversified	Pair Corr
0.86	CEBYX	Columbia Emerging Markets	Pair Corr
0.86	CEBRX	Columbia Emerging Markets	Pair Corr
0.63	CEVYX	Columbia Global Equity	Pair Corr
0.63	CEVZX	Columbia Global Equity	Pair Corr
0.85	CLM	Cornerstone Strategic	Pair Corr
0.72	CFRZX	Columbia Floating Rate	Pair Corr
0.71	CFRYX	Columbia Floating Rate	Pair Corr

Moving against Columbia Mutual Fund

0.33	SSVIX	Columbia Select Smaller	Pair Corr
0.68	CGCYX	Columbia Greater China	Pair Corr

Related Correlations Analysis

	IIGCX	GCEBX	FRGOX	AGGWX	SPPIX	SGDIX	MXKJX
IIGCX		0.48	0.91	0.99	-0.99	0.98	0.43	IIGCX
GCEBX	0.48		0.51	0.42	-0.5	0.48	-0.04	GCEBX
FRGOX	0.91	0.51		0.9	-0.88	0.93	0.35	FRGOX
AGGWX	0.99	0.42	0.9		-0.98	0.98	0.41	AGGWX
SPPIX	-0.99	-0.5	-0.88	-0.98		-0.96	-0.39	SPPIX
SGDIX	0.98	0.48	0.93	0.98	-0.96		0.39	SGDIX
MXKJX	0.43	-0.04	0.35	0.41	-0.39	0.39		MXKJX
	IIGCX	GCEBX	FRGOX	AGGWX	SPPIX	SGDIX	MXKJX

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

AGGWX	+ 0.99	IIGCX
SGDIX	+ 0.98	IIGCX
SGDIX	+ 0.98	AGGWX
SGDIX	+ 0.93	FRGOX
FRGOX	+ 0.91	IIGCX
AGGWX	+ 0.9	FRGOX

High negative correlations

SPPIX	- 0.99	IIGCX
SPPIX	- 0.98	AGGWX
SGDIX	- 0.96	SPPIX
SPPIX	- 0.88	FRGOX
SPPIX	- 0.5	GCEBX
MXKJX	- 0.39	SPPIX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Ultra 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 Ultra'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
IIGCX	1.84	0.32	0.10	0.38	2.49	(1.80)	4.36	(4.25)	13.01
GCEBX	0.72	0.20	0.12	(1.42)	0.76	(0.85)	1.75	(0.98)	6.25
FRGOX	1.80	0.40	0.13	1.49	2.28	(1.92)	3.82	(4.06)	11.22
AGGWX	1.87	0.25	0.09	0.29	2.55	(1.86)	4.52	(4.27)	12.84
SPPIX	2.03	(0.26)	0.00	0.32	0.00	0.00	4.63	(4.79)	14.92
SGDIX	1.71	0.30	0.10	0.38	2.39	(1.68)	3.76	(3.85)	11.53
MXKJX	0.63	(0.03)	(0.04)	0.03	0.81	(0.68)	1.44	(1.31)	3.50

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