Columbia Minnesota Correlations

Mutual Funds . USA . 
Fund . Columbia Minnesota Tax Exempt
IMNTX Fund  USD 18.61  0.06  0.32%   
The current 90-days correlation between Columbia Minnesota Tax and Columbia Corporate Income is 0.64 (i.e., Poor diversification). The correlation of Columbia Minnesota 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 Minnesota Correlation With Market

Average diversification

The correlation between Columbia Minnesota Tax Exempt and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Minnesota Tax Exempt and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Columbia Minnesota Tax Exempt. 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 estimate.

Moving together with Columbia Mutual Fund

  0.61SRIJX Columbia Corporate IncomePairCorr
  0.62ILVBX Columbia Integrated LargePairCorr
  0.62ILVFX Columbia Integrated LargePairCorr
  0.95LHIAX Columbia High YieldPairCorr
  0.61LIBAX Columbia Total ReturnPairCorr
  0.84INTAX Columbia StrategicPairCorr
  0.84LITAX Columbia Amt FreePairCorr
  0.87LITCX Columbia Amt FreePairCorr
  0.8NACMX Columbia Amt FreePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Minnesota 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 Minnesota'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
SRIJX  0.24  0.02 (0.27) 0.30  0.17 
(0.29)
 0.56 
(0.44)
 1.23 
CUSOX  0.04  0.01  0.00  0.92  0.00 
 0.00 
 0.11 
 0.00 
 0.54 
CDOAX  0.55  0.07  0.03  0.23  0.46 
(0.58)
 1.44 
(1.12)
 3.79 
ILGCX  0.83  0.15  0.15  0.27  0.67 
(0.99)
 2.27 
(1.47)
 5.98 
ILGGX  0.83  0.15  0.15  0.28  0.67 
(1.01)
 2.32 
(1.48)
 5.97 
ILGJX  0.83  0.15  0.15  0.27  0.66 
(0.99)
 2.26 
(1.47)
 5.99 
SSCVX  0.89  0.14  0.13  0.26  0.78 
(1.04)
 2.13 
(1.74)
 6.57 
ILVBX  0.61  0.00 (0.02) 0.13  0.67 
(0.66)
 1.43 
(1.29)
 4.14 
ILVFX  0.62  0.00 (0.02) 0.13  0.67 
(0.69)
 1.41 
(1.28)
 4.13 
LHIAX  0.20 (0.02)(0.41)(0.12) 0.25 
(0.28)
 0.46 
(0.45)
 1.60 

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY