Columbia Large Correlations

Mutual Funds . USA . 
Fund . Columbia Large Cap
NMIMX Fund  USD 28.52  0.13  0.46%   
The current 90-days correlation between Columbia Large Cap and Columbia Porate Income is 0.43 (i.e., Very weak diversification). The correlation of Columbia Large 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 Large Correlation With Market

Almost no diversification

The correlation between Columbia Large Cap and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Large Cap 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 Large Cap. 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 Columbia Mutual Fund

  0.85SRINX Columbia Porate IncomePairCorr
  0.95CDAZX Multi Manager DirectPairCorr
  0.98CUURX Columbia Small CapPairCorr
  0.99CDDYX Columbia Dividend IncomePairCorr
  1.0CDEYX Columbia DiversifiedPairCorr
  0.97CDIRX Columbia Dividend IncomePairCorr
  0.98AMTCX Columbia Capital AllPairCorr
  0.99CDOYX Columbia DividendPairCorr
  0.99CVERX Columbia Mid CapPairCorr
  1.0CDVZX Columbia DiversifiedPairCorr
  0.98CVQZX Columbia DisciplinedPairCorr
  0.95CEBYX Columbia Emerging MarketsPairCorr
  1.0CECYX Columbia Large CapPairCorr
  0.98SSVIX Columbia Select SmallerPairCorr
  0.98CEKYX Columbia Emerging MarketsPairCorr
  0.98CEKRX Columbia Emerging MarketsPairCorr
  0.97CEPRX Columbia Income OppoPairCorr
  0.98CEVYX Columbia Global EquityPairCorr
  0.94RPCCX Columbia Capital AllPairCorr
  1.0GEGTX Columbia Large CapPairCorr
  0.99CFCYX Columbia Flexible CapitalPairCorr
  0.94CLM Cornerstone StrategicPairCorr
  0.99CFIZX Columbia Flexible CapitalPairCorr
  0.63LIBCX Columbia Total ReturnPairCorr
  0.98CFRZX Columbia Floating RatePairCorr
  0.99SCMIX Columbia SeligmanPairCorr
  0.99CFXRX Columbia Flexible CapitalPairCorr
  0.98APECX Columbia High YieldPairCorr
  0.91CGCYX Columbia Greater ChinaPairCorr
  0.99CGEZX Columbia Select GlobalPairCorr
  1.0CGFYX Columbia Large CapPairCorr
  0.98CXXRX Columbia Small CapPairCorr
  0.99CGTYX Columbia Seligman GlobalPairCorr
  1.0CGTUX Columbia Global TechPairCorr
  0.99CGTRX Columbia Select LargePairCorr
  1.0CGWRX Columbia Large CapPairCorr
  0.99NAMAX 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 Large 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 Large'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
SRINX  0.24  0.01 (0.40) 0.23  0.17 
(0.28)
 0.56 
(0.44)
 1.23 
CUSBX  0.05  0.01  0.00  1.57  0.00 
 0.00 
 0.11 
 0.00 
 0.55 
CUTRX  0.25 (0.01)(0.51) 0.00  0.28 
(0.27)
 0.41 
(0.51)
 1.12 
CDAZX  0.38  0.03 (0.15) 0.26  0.29 
(0.47)
 0.96 
(0.67)
 2.20 
CUURX  0.96  0.11  0.12  0.27  0.82 
(1.15)
 2.39 
(1.92)
 6.37 
CUTYX  0.24 (0.01)(0.51)(0.01) 0.27 
(0.27)
 0.41 
(0.51)
 1.22 
CDDYX  0.51  0.05  0.00  0.24  0.37 
(0.60)
 1.47 
(0.91)
 3.51 
CDDRX  0.52  0.15 (0.04)(1.59) 0.49 
(0.59)
 1.44 
(1.00)
 3.55 
CDEYX  0.59  0.08  0.07  0.27  0.38 
(0.71)
 1.61 
(0.82)
 4.39 
CDIRX  0.53  0.15 (0.05)(1.59) 0.49 
(0.59)
 1.47 
(1.02)
 3.53 

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