Active Portfolios Correlations

Mutual Funds . USA . 
Fund . Active Portfolios Multi Manager
CZAMX Fund  USD 9.04  0.02  0.22%   
The current 90-days correlation between Active Portfolios Multi and Columbia Porate Income is 0.59 (i.e., Very weak diversification). The correlation of Active Portfolios 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.

Active Portfolios Correlation With Market

Significant diversification

The correlation between Active Portfolios Multi Manage and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Active Portfolios Multi Manage 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 Active Portfolios Multi Manager. 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 population.

Moving together with Active Mutual Fund

  0.95SRINX Columbia Porate IncomePairCorr
  0.94CUSBX Columbia Ultra ShortPairCorr
  0.61CUTRX Columbia Treasury IndexPairCorr
  0.92CDAZX Multi Manager DirectPairCorr
  0.86CUURX Columbia Small CapPairCorr
  0.61CUTYX Columbia Treasury IndexPairCorr
  0.88CDDYX Columbia Dividend IncomePairCorr
  0.88CDDRX Columbia Dividend IncomePairCorr
  0.87CDEYX Columbia DiversifiedPairCorr
  0.88CDIRX Columbia Dividend IncomePairCorr
  0.92AMTCX Columbia Capital AllPairCorr
  0.91CDOZX Columbia DividendPairCorr
  0.91CDOYX Columbia DividendPairCorr
  0.84CVERX Columbia Mid CapPairCorr
  0.87CDVZX Columbia DiversifiedPairCorr
  0.83CVQZX Columbia DisciplinedPairCorr
  0.95CEBYX Columbia Emerging MarketsPairCorr
  0.95CEBRX Columbia Emerging MarketsPairCorr
  0.87CECYX Columbia Large CapPairCorr
  0.83SSVIX Columbia Select SmallerPairCorr
  0.85CEKYX Columbia Emerging MarketsPairCorr
  0.85CEKRX Columbia Emerging MarketsPairCorr
  0.92CEPRX Columbia Income OppoPairCorr
  0.93CEVYX Columbia Global EquityPairCorr
  0.94CEVZX Columbia Global EquityPairCorr
  0.96RPCCX Columbia Capital AllPairCorr
  0.87GEGTX Columbia Large CapPairCorr
  0.91CFCYX Columbia Flexible CapitalPairCorr
  0.77CFCIX Columbia Large CapPairCorr
  0.92CLM Cornerstone StrategicPairCorr
  0.91CFIZX Columbia Flexible CapitalPairCorr
  0.89SCIRX Columbia SeligmanPairCorr
  0.85LIBCX Columbia Total ReturnPairCorr
  0.89CFRZX Columbia Floating RatePairCorr
  0.89CFRYX Columbia Floating RatePairCorr
  0.89SCMIX Columbia SeligmanPairCorr
  0.91CFXRX Columbia Flexible CapitalPairCorr
  0.91APECX Columbia High YieldPairCorr
  0.68CGCYX Columbia Greater China Steady GrowthPairCorr
  0.83CGEZX Columbia Select GlobalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Active Mutual Fund performing well and Active Portfolios 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 Active Portfolios' 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  1.53  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  0.38  0.04 (0.08) 0.26  0.30 
(0.47)
 0.96 
(0.67)
 2.20 
CUURX  0.96  0.11  0.11  0.24  0.86 
(1.15)
 2.39 
(1.92)
 6.37 
CUTYX  0.24 (0.01)(0.39) 0.02  0.27 
(0.27)
 0.41 
(0.51)
 1.22 
CDDYX  0.53  0.04  0.00  0.19  0.48 
(0.61)
 1.47 
(1.00)
 3.51 
CDDRX  0.53  0.04  0.00  0.19  0.50 
(0.61)
 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  0.53  0.04  0.00  0.18  0.51 
(0.61)
 1.47 
(1.02)
 3.53 

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