Columbia Small Correlations

NSVAX Fund

USD 13.50 0.11 0.81%

The current 90-days correlation between Columbia Small Cap and Prudential Financial Services is -0.14 (i.e., Good diversification). The correlation of Columbia Small 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 Small Correlation With Market

Good diversification

The correlation between Columbia Small Cap and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Small 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 Small 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 nation.

Moving together with Columbia Mutual Fund

0.67	SRINX	Columbia Porate Income	Pair Corr
0.89	CUSBX	Columbia Ultra Short	Pair Corr
0.71	CDAZX	Multi Manager Direct	Pair Corr
0.74	CUURX	Columbia Small Cap	Pair Corr
0.77	CDDYX	Columbia Dividend Income	Pair Corr
0.97	CDDRX	Columbia Dividend Income	Pair Corr
0.73	CDEYX	Columbia Diversified	Pair Corr
0.77	CDIRX	Columbia Dividend Income	Pair Corr
0.96	AMTCX	Columbia Capital All	Pair Corr
0.75	CDOZX	Columbia Dividend	Pair Corr
0.97	CDOYX	Columbia Dividend	Pair Corr
0.98	CVERX	Columbia Mid Cap	Pair Corr
0.98	CDVZX	Columbia Diversified	Pair Corr
0.98	CVQZX	Columbia Disciplined	Pair Corr
0.71	CEBYX	Columbia Emerging Markets	Pair Corr
0.71	CEBRX	Columbia Emerging Markets	Pair Corr
0.97	CECYX	Columbia Large Cap	Pair Corr
1.0	SSVIX	Columbia Select Smaller	Pair Corr
0.96	CEKYX	Columbia Emerging Markets	Pair Corr
0.96	CEKRX	Columbia Emerging Markets	Pair Corr
0.94	CEPRX	Columbia Income Oppo	Pair Corr
0.94	CEVYX	Columbia Global Equity	Pair Corr
0.94	CEVZX	Columbia Global Equity	Pair Corr
0.91	RPCCX	Columbia Capital All	Pair Corr
0.96	GEGTX	Columbia Large Cap	Pair Corr
0.97	CFCYX	Columbia Flexible Capital	Pair Corr
0.75	CLM	Cornerstone Strategic	Pair Corr
0.97	CFIZX	Columbia Flexible Capital	Pair Corr
0.77	SCIRX	Columbia Seligman	Pair Corr
0.95	CFRZX	Columbia Floating Rate	Pair Corr
0.73	CFRYX	Columbia Floating Rate	Pair Corr
0.97	SCMIX	Columbia Seligman	Pair Corr
0.97	CFXRX	Columbia Flexible Capital	Pair Corr
0.95	APECX	Columbia High Yield	Pair Corr
0.94	CGEZX	Columbia Select Global	Pair Corr

Related Correlations Analysis

	PSSRX	IAAEX	XFINX	SBFAX	FIKBX	DVFYX
PSSRX		0.97	-0.41	0.98	1.0	0.98	PSSRX
IAAEX	0.97		-0.47	0.96	0.98	0.98	IAAEX
XFINX	-0.41	-0.47		-0.4	-0.44	-0.48	XFINX
SBFAX	0.98	0.96	-0.4		0.99	0.98	SBFAX
FIKBX	1.0	0.98	-0.44	0.99		0.99	FIKBX
DVFYX	0.98	0.98	-0.48	0.98	0.99		DVFYX
	PSSRX	IAAEX	XFINX	SBFAX	FIKBX	DVFYX

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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

FIKBX	+ 1.0	PSSRX
FIKBX	+ 0.99	SBFAX
DVFYX	+ 0.99	FIKBX
SBFAX	+ 0.98	PSSRX
DVFYX	+ 0.98	PSSRX
FIKBX	+ 0.98	IAAEX

High negative correlations

DVFYX	- 0.48	XFINX
XFINX	- 0.47	IAAEX
FIKBX	- 0.44	XFINX
XFINX	- 0.41	PSSRX
SBFAX	- 0.4	XFINX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Small 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 Small'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
PSSRX	0.78	0.09	0.09	0.21	0.75	(0.88)	2.07	(1.54)	6.05
IAAEX	0.69	0.02	0.00	0.16	0.66	(0.83)	1.97	(1.27)	4.55
XFINX	0.41	(0.03)	0.00	2.27	0.00	0.00	0.77	(1.41)	4.64
SBFAX	0.67	0.03	0.01	0.16	0.69	(0.76)	1.87	(1.79)	5.39
FIKBX	0.80	0.12	0.11	0.25	0.71	(0.87)	2.01	(1.79)	5.93
DVFYX	0.72	0.15	0.15	0.30	0.57	(0.82)	1.80	(1.32)	5.14

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