Columbia Capital Correlations

NIPAX Fund

USD 10.05 0.04 0.40%

The current 90-days correlation between Columbia Capital All and Columbia Large Cap is -0.07 (i.e., Good 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

Good diversification

The correlation between Columbia Capital Allocation and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Capital Allocation 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 Allocation. 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 nation.

Moving together with Columbia Mutual Fund

0.66	SRINX	Columbia Porate Income	Pair Corr
0.72	CUSBX	Columbia Ultra Short	Pair Corr
0.62	CDDYX	Columbia Dividend Income	Pair Corr
0.61	CDEYX	Columbia Diversified	Pair Corr
0.62	CEPRX	Columbia Income Oppo	Pair Corr
0.9	CFCIX	Columbia Large Cap	Pair Corr
0.72	CLM	Cornerstone Strategic	Pair Corr
0.65	CFIZX	Columbia Flexible Capital	Pair Corr
0.69	SCMIX	Columbia Seligman	Pair Corr
0.62	CXXRX	Columbia Small Cap	Pair Corr
0.67	CGOCX	Columbia Small Cap	Pair Corr
0.96	CGQYX	Columbia Disciplined	Pair Corr
0.65	CYYYX	Columbia Thermostat	Pair Corr
0.95	NSTIX	Columbia Short Term	Pair Corr
0.91	SETMX	Columbia Amt Free	Pair Corr
0.79	RSERX	Victory Sophus Emerging	Pair Corr
0.62	CIOZX	Columbia Income Oppo	Pair Corr
0.69	SGTRX	Columbia Seligman Global	Pair Corr
0.69	SGTTX	Columbia Seligman Global	Pair Corr
0.83	LNGZX	Columbia Greater China	Pair Corr
0.98	CLCRX	Columbia Select Large	Pair Corr
1.0	CLIRX	Columbia Capital All	Pair Corr
0.66	CLREX	Columbia Balanced	Pair Corr
0.65	CLWFX	Columbia Large Cap	Pair Corr
0.63	CLXRX	Columbia Large Cap	Pair Corr
0.7	CMGUX	Cmg Ultra Short	Pair Corr
0.71	CMNYX	Columbia Minnesota Tax	Pair Corr
0.7	MBSAX	Multisector Bond Sma	Pair Corr
0.67	CMTFX	Columbia Global Tech	Pair Corr
0.96	CMVYX	Columbia Mid Cap	Pair Corr
0.63	RFRFX	Columbia Floating Rate	Pair Corr
0.98	COFRX	Columbia Trarian Core	Pair Corr
0.61	SLVIX	Columbia Select Large	Pair Corr
0.62	CPARX	Columbia Capital All	Pair Corr
0.65	SMGIX	Columbia Trarian Core	Pair Corr
0.95	CPXRX	Columbia Mid Cap	Pair Corr
0.99	CRAZX	Columbia Adaptive Risk	Pair Corr

Related Correlations Analysis

	CLWFX	NFECX	NFEBX	CLXRX	SRINX	CUSHX	CUSAX	CUSBX	CUTRX
CLWFX		0.0	0.0	1.0	0.86	0.0	0.0	0.93	0.2	CLWFX
NFECX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	NFECX
NFEBX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	NFEBX
CLXRX	1.0	0.0	0.0		0.86	0.0	0.0	0.93	0.19	CLXRX
SRINX	0.86	0.0	0.0	0.86		0.0	0.0	0.92	0.54	SRINX
CUSHX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CUSHX
CUSAX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CUSAX
CUSBX	0.93	0.0	0.0	0.93	0.92	0.0	0.0		0.34	CUSBX
CUTRX	0.2	0.0	0.0	0.19	0.54	0.0	0.0	0.34		CUTRX
	CLWFX	NFECX	NFEBX	CLXRX	SRINX	CUSHX	CUSAX	CUSBX	CUTRX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CLXRX	+ 1.0	CLWFX
CUSBX	+ 0.93	CLWFX
CUSBX	+ 0.93	CLXRX
CUSBX	+ 0.92	SRINX
SRINX	+ 0.86	CLWFX
SRINX	+ 0.86	CLXRX

High negative correlations

CUTRX	- 0.0	CUSAX
CUSBX	- 0.0	CUSAX
CUTRX	- 0.0	CUSHX
CUSBX	- 0.0	CUSHX
CUSAX	- 0.0	CUSHX
CUSAX	- 0.0	SRINX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CLWFX	1.12	0.11	0.13	0.32	0.93	(1.35)	2.59	(1.53)	15.41
NFECX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NFEBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CLXRX	0.89	0.07	0.07	0.30	0.81	(1.03)	2.05	(1.63)	12.95
SRINX	0.26	0.00	(0.57)	0.29	0.24	(0.30)	0.55	(0.56)	1.35
CUSHX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CUSAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CUSBX	0.05	0.00	0.00	0.00	0.00	0.00	0.11	0.00	0.55
CUTRX	0.26	0.00	(0.70)	(0.83)	0.28	(0.28)	0.41	(0.51)	1.13

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