Columbia Short Correlations

NSTRX Fund

USD 9.83 0.01 0.10%

The current 90-days correlation between Columbia Short Term and Columbia Corporate Income is -0.04 (i.e., Good 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.

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

0.63	CUSOX	Columbia Ultra Short	Pair Corr
0.62	CDOAX	Columbia Dividend	Pair Corr
0.92	ILVBX	Columbia Integrated Large	Pair Corr
0.62	ILVFX	Columbia Integrated Large	Pair Corr
0.96	CEVAX	Columbia Global Value	Pair Corr
0.96	IMRFX	Columbia Global Oppo	Pair Corr
0.95	CFIGX	Columbia Flexible Capital	Pair Corr
0.68	LIACX	Columbia Acorn	Pair Corr
0.85	LIBAX	Columbia Total Return	Pair Corr
0.64	INEAX	Columbia High Yield	Pair Corr
0.91	LITAX	Columbia Amt Free	Pair Corr
0.89	LITCX	Columbia Amt Free	Pair Corr
0.93	CGTDX	Columbia Global Tech	Pair Corr
0.94	NACMX	Columbia Amt Free	Pair Corr
0.88	PISDX	Columbia Pyrford Int	Pair Corr
0.88	PISLX	Columbia Pyrford Int	Pair Corr
0.88	PISOX	Columbia Pyrford Int	Pair Corr
0.88	PISJX	Columbia Pyrford Int	Pair Corr
0.88	PISQX	Columbia Pyrford Int	Pair Corr
0.92	SVLCX	Columbia Select Large	Pair Corr
0.91	UMLAX	Columbia Select Large	Pair Corr
0.85	UMMDX	Columbia Bond	Pair Corr

Related Correlations Analysis

	SRIJX	CUSOX	CDOAX	ILGCX	ILGGX	ILGJX	SSCVX	ILVBX	ILVFX	LHIAX
SRIJX		0.91	0.85	0.79	0.78	0.79	0.7	0.37	0.8	0.09	SRIJX
CUSOX	0.91		0.94	0.92	0.91	0.92	0.86	0.48	0.9	0.02	CUSOX
CDOAX	0.85	0.94		0.97	0.97	0.97	0.94	0.53	0.98	0.04	CDOAX
ILGCX	0.79	0.92	0.97		1.0	1.0	0.95	0.49	0.95	0.0	ILGCX
ILGGX	0.78	0.91	0.97	1.0		1.0	0.95	0.49	0.95	0.0	ILGGX
ILGJX	0.79	0.92	0.97	1.0	1.0		0.95	0.49	0.95	0.0	ILGJX
SSCVX	0.7	0.86	0.94	0.95	0.95	0.95		0.53	0.94	0.07	SSCVX
ILVBX	0.37	0.48	0.53	0.49	0.49	0.49	0.53		0.54	0.32	ILVBX
ILVFX	0.8	0.9	0.98	0.95	0.95	0.95	0.94	0.54		0.12	ILVFX
LHIAX	0.09	0.02	0.04	0.0	0.0	0.0	0.07	0.32	0.12		LHIAX
	SRIJX	CUSOX	CDOAX	ILGCX	ILGGX	ILGJX	SSCVX	ILVBX	ILVFX	LHIAX

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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

ILGGX	+ 1.0	ILGCX
ILGJX	+ 1.0	ILGCX
ILGJX	+ 1.0	ILGGX
ILVFX	+ 0.98	CDOAX
ILGCX	+ 0.97	CDOAX
ILGGX	+ 0.97	CDOAX

High negative correlations

LHIAX	- 0.0	ILGJX
LHIAX	- 0.0	ILGGX
LHIAX	- 0.0	ILGCX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SRIJX	0.22	0.02	(0.45)	0.45	0.14	(0.28)	0.55	(0.44)	1.20
CUSOX	0.05	0.01	0.00	4.01	0.00	0.00	0.11	0.00	0.54
CDOAX	0.48	0.06	(0.04)	0.28	0.35	(0.51)	1.41	(0.75)	3.76
ILGCX	0.67	0.17	0.15	0.43	0.22	(0.85)	1.68	(0.98)	5.98
ILGGX	0.68	0.17	0.15	0.46	0.22	(0.88)	1.69	(1.00)	5.97
ILGJX	0.67	0.17	0.15	0.43	0.21	(0.85)	1.68	(0.99)	5.99
SSCVX	0.84	0.26	0.07	(3.00)	0.76	(0.97)	1.94	(1.48)	6.57
ILVBX	0.61	0.10	(0.07)	1.34	0.67	(0.66)	1.43	(1.29)	4.14
ILVFX	0.54	0.00	(0.09)	0.17	0.53	(0.61)	1.29	(1.08)	4.10
LHIAX	0.17	(0.01)	(0.67)	(0.24)	0.18	(0.28)	0.35	(0.34)	1.60

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Columbia Short Correlations

Moving together with Columbia Mutual Fund

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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