Columbia Short Correlations

Mutual Funds . USA . 
Fund . Columbia Short Term
NSTRX Fund  USD 9.82  0.01  0.10%   
The current 90-days correlation between Columbia Short Term and Columbia Corporate Income is 0.69 (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

Significant diversification

The correlation between Columbia Short Term and DJI is 0.04 (i.e., Significant 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 metropolitan statistical area.

Moving together with Columbia Mutual Fund

  0.96SRIJX Columbia Corporate IncomePairCorr
  0.98CUSOX Columbia Ultra ShortPairCorr
  0.95CDOAX Columbia DividendPairCorr
  0.92ILGCX Columbia Integrated LargePairCorr
  0.92ILGGX Columbia Integrated LargePairCorr
  0.92ILGJX Columbia Integrated LargePairCorr
  0.9SSCVX Columbia Select SmallerPairCorr
  0.92ILVBX Columbia Integrated LargePairCorr
  0.92ILVFX Columbia Integrated LargePairCorr
  0.62LHIAX Columbia High YieldPairCorr
  0.96CEVAX Columbia Global ValuePairCorr
  0.68IMNTX Columbia Minnesota TaxPairCorr
  0.96IMRFX Columbia Global OppoPairCorr
  0.95CFIGX Columbia Flexible CapitalPairCorr
  0.93CFIAX Columbia Flexible CapitalPairCorr
  0.9LIACX Columbia AcornPairCorr
  0.94SCICX Columbia SeligmanPairCorr
  0.94PHIKX Columbia ConvertiblePairCorr
  0.8LIBAX Columbia Total ReturnPairCorr
  0.93INDZX Columbia DiversifiedPairCorr
  0.96INEAX Columbia High YieldPairCorr
  0.93LIIAX Columbia Porate IncomePairCorr
  0.91LITAX Columbia Amt FreePairCorr
  0.89LITCX Columbia Amt FreePairCorr
  0.95INUTX Columbia DividendPairCorr
  0.93CGOAX Columbia Small CapPairCorr
  0.93CGTDX Columbia Global TechPairCorr
  0.93NACMX Columbia Amt FreePairCorr
  0.88PISDX Columbia Pyrford IntPairCorr
  0.88PISLX Columbia Pyrford IntPairCorr
  0.88PISOX Columbia Pyrford IntPairCorr
  0.88PISJX Columbia Pyrford IntPairCorr
  0.89PISQX Columbia Pyrford IntPairCorr
  0.92AQEAX Columbia DisciplinedPairCorr
  0.92SVLCX Columbia Select LargePairCorr
  0.91UMEBX Columbia Emerging MarketsPairCorr
  0.89NSGAX Columbia Select LargePairCorr
  0.91UMLAX Columbia Select LargePairCorr
  0.86UMMDX 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  0.25  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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