Columbia Total Correlations

LIBCX Fund

USD 30.55 0.07 0.23%

The current 90-days correlation between Columbia Total Return and Virtus Convertible is 0.03 (i.e., Significant diversification). The correlation of Columbia Total 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 Total Correlation With Market

Significant diversification

The correlation between Columbia Total Return and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Total Return and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Columbia Total Return. 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 main economic indicators.

Moving together with Columbia Mutual Fund

0.77	MWTNX	Metropolitan West Total	Pair Corr
0.72	MWTSX	Metropolitan West Total	Pair Corr
0.74	PTTPX	Pimco Total Return	Pair Corr
0.77	PTRRX	Total Return	Pair Corr
0.76	PTRAX	Total Return	Pair Corr
0.75	PTTRX	Total Return	Pair Corr
0.68	FIWGX	Strategic Advisers	Pair Corr
0.69	DODIX	Dodge Income	Pair Corr
0.78	MWTIX	Metropolitan West Total	Pair Corr
0.72	MWTRX	Metropolitan West Total	Pair Corr

Moving against Columbia Mutual Fund

0.57	MCD	McDonalds	Pair Corr
0.55	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	VAADX	FSAWX	PCNTX	GCV	ARBOX
VAADX		0.96	0.99	0.97	0.99	VAADX
FSAWX	0.96		0.97	0.92	0.97	FSAWX
PCNTX	0.99	0.97		0.95	0.99	PCNTX
GCV	0.97	0.92	0.95		0.96	GCV
ARBOX	0.99	0.97	0.99	0.96		ARBOX
	VAADX	FSAWX	PCNTX	GCV	ARBOX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Total 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 Total'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
VAADX	0.41	0.24	0.02	(2.71)	0.00	(0.53)	1.20	(0.81)	2.65
FSAWX	0.10	0.03	(1.58)	2.36	0.00	(0.17)	0.28	(0.09)	0.73
PCNTX	0.45	0.21	(0.04)	(1.61)	0.03	(0.55)	1.06	(0.68)	3.21
GCV	0.59	0.24	0.09	1.39	0.13	(0.81)	1.70	(0.87)	3.77
ARBOX	0.06	0.03	(1.85)	9.89	0.00	(0.12)	0.18	(0.09)	0.35

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