Columbia Short Correlations

Mutual Funds . USA . 
Fund . Columbia Short Term
NSMMX Fund  USD 10.16  0.00  0.00%   
The current 90-days correlation between Columbia Short Term and Columbia Corporate Income is 0.54 (i.e., Very weak diversification). The correlation of Columbia Short 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 Short Correlation With Market

Good diversification

The correlation between Columbia Short Term and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Short Term 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 Short Term. 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

  0.92SRIJX Columbia Corporate IncomePairCorr
  0.98CUSOX Columbia Ultra ShortPairCorr
  0.97CDOAX Columbia DividendPairCorr
  0.95ILGCX Columbia Integrated LargePairCorr
  0.95ILGGX Columbia Integrated LargePairCorr
  0.95ILGJX Columbia Integrated LargePairCorr
  0.93SSCVX Columbia Select SmallerPairCorr
  0.94ILVBX Columbia Integrated LargePairCorr
  0.94ILVFX Columbia Integrated LargePairCorr
  0.97CEVAX Columbia Global ValuePairCorr
  0.97IMRFX Columbia Global OppoPairCorr
  0.97CFIGX Columbia Flexible CapitalPairCorr
  0.96CFIAX Columbia Flexible CapitalPairCorr
  0.93LIACX Columbia AcornPairCorr
  0.97SCICX Columbia SeligmanPairCorr
  0.97PHIKX Columbia ConvertiblePairCorr
  0.76LIBAX Columbia Total ReturnPairCorr
  0.95INDZX Columbia DiversifiedPairCorr
  0.98INEAX Columbia High YieldPairCorr
  0.92LIIAX Columbia Porate IncomePairCorr
  0.92LITAX Columbia Amt FreePairCorr
  0.9LITCX Columbia Amt FreePairCorr
  0.97INUTX Columbia DividendPairCorr
  0.96CGOAX Columbia Small CapPairCorr
  0.97CGTDX Columbia Global TechPairCorr
  0.95NACMX Columbia Amt FreePairCorr
  0.92PISDX Columbia Pyrford IntPairCorr
  0.92PISLX Columbia Pyrford IntPairCorr
  0.92PISOX Columbia Pyrford IntPairCorr
  0.92PISJX Columbia Pyrford IntPairCorr
  0.92PISQX Columbia Pyrford IntPairCorr
  0.95AQEAX Columbia DisciplinedPairCorr
  0.95SVLCX Columbia Select LargePairCorr
  0.94UMEBX Columbia Emerging MarketsPairCorr
  0.93NSGAX Columbia Select LargePairCorr
  0.95UMLAX Columbia Select LargePairCorr
  0.76UMMDX Columbia BondPairCorr

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 Short 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 Short'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 

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