Columbia Large Correlations

Mutual Funds . USA . 
Fund . Columbia Large Cap
CWSRX Fund  USD 16.95  0.08  0.47%   
The current 90-days correlation between Columbia Large Cap and Chartwell Short Duration is 0.69 (i.e., Poor diversification). The correlation of Columbia Large 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 Large Correlation With Market

Very poor diversification

The correlation between Columbia Large Cap and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Large 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 Large 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 metropolitan statistical area.

Moving together with Columbia Mutual Fund

  0.97CWFIX Chartwell Short DurationPairCorr
  0.97CWFCX Carillon Chartwell ShortPairCorr
  0.98CWFAX Chartwell Short DurationPairCorr
  0.97CWFRX Carillon Chartwell ShortPairCorr
  0.99HIGCX Eagle Growth IncomePairCorr
  0.99HIGJX Eagle Growth IncomePairCorr
  0.99HIGUX Eagle Growth IncomePairCorr
  0.95CWSHX Carillon Chartwell SmallPairCorr
  0.95CWSCX Carillon Chartwell SmallPairCorr
  1.0CWSAX Carillon Chartwell SmallPairCorr
  1.0CWSBX Carillon Chartwell SmallPairCorr
  0.95CWSWX Carillon Chartwell SmallPairCorr
  0.7SCCIX Scout E BondPairCorr
  0.83SUBDX Carillon Reams UnconPairCorr
  0.84SUBFX Scout Unconstrained BondPairCorr
  0.82SUBEX Carillon Reams UnconPairCorr
  0.78SCPDX Carillon Reams CorePairCorr
  0.79SCPWX Carillon Reams CorePairCorr
  0.96UMBMX Scout Mid CapPairCorr
  1.0UMBHX Scout Small CapPairCorr
  0.95BERSX Carillon Chartwell RealPairCorr
  0.95BERIX Berwyn IncomePairCorr
  0.98BERCX Berwyn CornerstonePairCorr
  0.98HRCCX Eagle Capital ApprecPairCorr
  0.98HRCIX Eagle Capital ApprecPairCorr
  0.96HRAUX Eagle Mid CapPairCorr
  0.98HRCUX Eagle Capital ApprecPairCorr
  0.98HRSCX Eagle Small CapPairCorr
  0.96HAGCX Eagle Mid CapPairCorr
  0.98HSCCX Eagle Small CapPairCorr
  0.98HSIIX Eagle Small CapPairCorr
  0.95EISVX Eagle International StockPairCorr
  0.95EISIX Eagle International StockPairCorr
  0.95EISDX Eagle International StockPairCorr
  0.95EISAX Eagle International StockPairCorr
  0.96CSMUX Carillon Scout MidPairCorr
  1.0CSSVX Carillon Scout SmallPairCorr
  1.0CSSJX Carillon Scout SmallPairCorr
  0.98VSGAX Vanguard Small CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Large 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 Large'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
CWFIX  0.08  0.03 (0.74) 0.57  0.00 
(0.14)
 0.21 
(0.11)
 0.43 
CWFCX  0.08  0.02 (0.76) 0.54  0.00 
(0.14)
 0.21 
(0.10)
 0.43 
CWFAX  0.09  0.03 (0.66) 0.49  0.00 
(0.15)
 0.31 
(0.11)
 0.53 
CWFRX  0.08  0.03 (0.62) 0.48  0.00 
(0.14)
 0.21 
(0.11)
 0.53 
HIGCX  0.56  0.07  0.05  0.22  0.50 
(0.64)
 1.49 
(1.13)
 3.96 
HIGJX  0.56  0.07  0.05  0.23  0.49 
(0.64)
 1.61 
(1.12)
 4.00 
HIGUX  0.56  0.07  0.06  0.23  0.48 
(0.64)
 1.56 
(1.12)
 3.86 
CWSIX  1.06  0.07  0.08  0.19  1.01 
(1.26)
 2.54 
(1.81)
 7.73 
CWSGX  0.90  0.10  0.10  0.23  0.83 
(1.04)
 2.13 
(1.65)
 6.05 
CWSHX  1.07  0.07  0.07  0.19  0.99 
(1.25)
 2.55 
(1.81)
 7.74 

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