Columbia Capital Correlations

Mutual Funds USA . 
Fund . Columbia Capital Alloc
NBGDX Fund   12.11  0.01  0.08%   
The current 90-days correlation between Columbia Capital Alloc and Columbia Corporate Income is 0.19 (i.e., Average diversification). The correlation of Columbia Capital 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 Capital Correlation With Market

Significant diversification

The correlation between Columbia Capital Alloc 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 Capital Alloc 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 Capital Alloc. 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 unemployment.

Moving together with Columbia Mutual Fund

  0.89SRIJX Columbia Corporate IncomePairCorr
  0.95CUSOX Columbia Ultra ShortPairCorr
  0.98ILGCX Columbia Integrated LargePairCorr
  0.98ILGGX Columbia Integrated LargePairCorr
  0.96SSCVX Columbia Select SmallerPairCorr
  0.96ILVFX Columbia Integrated LargePairCorr
  0.64LHIAX Columbia High YieldPairCorr
  0.99IMRFX Columbia Global OppoPairCorr
  0.98CFIGX Columbia Flexible CapitalPairCorr
  0.98CFIAX Columbia Flexible CapitalPairCorr
  0.95LIACX Columbia AcornPairCorr
  0.97SCICX Columbia SeligmanPairCorr
  0.98INDZX Columbia DiversifiedPairCorr
  0.98INEAX Columbia High YieldPairCorr
  0.86LIIAX Columbia Porate IncomePairCorr
  0.89LITAX Columbia Amt FreePairCorr
  0.97INUTX Columbia DividendPairCorr
  0.98CGOAX Columbia Small CapPairCorr
  0.98CGTDX Columbia Global TechPairCorr
  0.94PISJX Columbia Pyrford IntPairCorr
  0.94PISQX Columbia Pyrford IntPairCorr
  0.98AQEAX Columbia DisciplinedPairCorr
  0.96SVLCX Columbia Select LargePairCorr
  0.97UMLAX Columbia Select LargePairCorr
  0.97NSMDX Columbia Short DurationPairCorr
  0.99NBICX Columbia Capital AllPairCorr
  0.96NTIAX Columbia Mid CapPairCorr
  0.98RBBAX Columbia Income BuilderPairCorr
  0.98NCIDX Columbia ConvertiblePairCorr
  0.93LMIAX Columbia Amt FreePairCorr
  0.98SHGTX Columbia Seligman GlobalPairCorr
  0.97SHTCX Columbia Seligman GlobalPairCorr
  0.98NEIAX Columbia Large CapPairCorr
  0.9CLABX Columbia Alternative BetaPairCorr
  0.92CLAAX Columbia Alternative BetaPairCorr
  0.72CLMAX Columbia MortgagePairCorr
  0.98NFEDX Columbia Large CapPairCorr
  0.94NFEAX Columbia Large CapPairCorr
  0.96CMUAX Columbia Mid CapPairCorr

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 Capital 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 Capital'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  0.25  0.05 (0.24)(1.26) 0.14 
(0.30)
 0.56 
(0.44)
 1.47 
CUSOX  0.05  0.01  0.00  6.37  0.00 
 0.00 
 0.11 
 0.00 
 0.54 
CDOAX  0.56  0.19  0.06 (1.91) 0.43 
(0.60)
 1.44 
(1.12)
 3.79 
ILGCX  0.83  0.31  0.15 (1.97) 0.68 
(0.99)
 2.27 
(1.47)
 5.98 
ILGGX  0.84  0.30  0.15 (2.65) 0.68 
(1.02)
 2.32 
(1.48)
 5.97 
ILGJX  0.83  0.31  0.16 (2.04) 0.68 
(0.99)
 2.26 
(1.47)
 5.99 
SSCVX  0.90  0.31  0.15 (2.63) 0.76 
(1.05)
 2.13 
(1.74)
 6.57 
ILVBX  0.61  0.14 (0.01)(0.86) 0.67 
(0.67)
 1.43 
(1.29)
 4.14 
ILVFX  0.63  0.15  0.00 (0.83) 0.67 
(0.69)
 1.41 
(1.28)
 4.13 
LHIAX  0.21  0.02 (0.36)(0.26) 0.19 
(0.31)
 0.57 
(0.35)
 1.96 

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