Columbia Short Correlations

Mutual Funds . USA . 
Fund . Columbia Short Term
NSTIX Fund  USD 9.80  0.01  0.10%   
The current 90-days correlation between Columbia Short Term and Columbia Porate Income is 0.66 (i.e., Poor 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

Average diversification

The correlation between Columbia Short Term and DJI is 0.12 (i.e., Average 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 gross domestic product.

Moving together with Columbia Mutual Fund

  0.96SRINX Columbia Porate IncomePairCorr
  0.96CUSBX Columbia Ultra ShortPairCorr
  0.94CDAZX Multi Manager DirectPairCorr
  0.92CUURX Columbia Small CapPairCorr
  0.94CDDYX Columbia Dividend IncomePairCorr
  0.93CDDRX Columbia Dividend IncomePairCorr
  0.93CDEYX Columbia DiversifiedPairCorr
  0.93CDIRX Columbia Dividend IncomePairCorr
  0.96AMTCX Columbia Capital AllPairCorr
  0.95CDOZX Columbia DividendPairCorr
  0.95CDOYX Columbia DividendPairCorr
  0.91CVERX Columbia Mid CapPairCorr
  0.93CDVZX Columbia DiversifiedPairCorr
  0.91CVQZX Columbia DisciplinedPairCorr
  0.96CEBYX Columbia Emerging MarketsPairCorr
  0.97CEBRX Columbia Emerging MarketsPairCorr
  0.93CECYX Columbia Large CapPairCorr
  0.9SSVIX Columbia Select SmallerPairCorr
  0.92CEKYX Columbia Emerging MarketsPairCorr
  0.92CEKRX Columbia Emerging MarketsPairCorr
  0.98CEPRX Columbia Income OppoPairCorr
  0.97CEVYX Columbia Global EquityPairCorr
  0.96CEVZX Columbia Global EquityPairCorr
  0.98RPCCX Columbia Capital AllPairCorr
  0.93GEGTX Columbia Large CapPairCorr
  0.95CFCYX Columbia Flexible CapitalPairCorr
  0.85CFCIX Columbia Large CapPairCorr
  0.94CLM Cornerstone StrategicPairCorr
  0.95CFIZX Columbia Flexible CapitalPairCorr
  0.94SCIRX Columbia SeligmanPairCorr
  0.82LIBCX Columbia Total ReturnPairCorr
  0.94CFRZX Columbia Floating RatePairCorr
  0.94CFRYX Columbia Floating RatePairCorr
  0.94SCMIX Columbia SeligmanPairCorr
  0.95CFXRX Columbia Flexible CapitalPairCorr
  0.97APECX Columbia High YieldPairCorr
  0.78CGCYX Columbia Greater China Steady GrowthPairCorr
  0.9CGEZX Columbia Select GlobalPairCorr

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
SRINX  0.24  0.02 (0.28) 0.28  0.16 
(0.29)
 0.56 
(0.44)
 1.23 
CUSBX  0.05  0.01  0.00  1.96  0.00 
 0.00 
 0.11 
 0.00 
 0.55 
CUTRX  0.25 (0.01)(0.40)(0.01) 0.28 
(0.27)
 0.41 
(0.51)
 1.12 
CDAZX  0.38  0.04 (0.08) 0.26  0.30 
(0.47)
 0.96 
(0.67)
 2.20 
CUURX  0.96  0.11  0.11  0.24  0.86 
(1.15)
 2.39 
(1.92)
 6.37 
CUTYX  0.24 (0.01)(0.39) 0.02  0.27 
(0.27)
 0.41 
(0.51)
 1.22 
CDDYX  0.53  0.04  0.00  0.19  0.48 
(0.61)
 1.47 
(1.00)
 3.51 
CDDRX  0.54  0.16  0.02 (2.03) 0.48 
(0.62)
 1.44 
(1.00)
 3.55 
CDEYX  0.61  0.08  0.07  0.23  0.47 
(0.71)
 1.61 
(1.11)
 4.39 
CDIRX  0.54  0.15  0.02 (2.04) 0.50 
(0.62)
 1.47 
(1.02)
 3.53 

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