Columbia Floating Correlations

Mutual Funds USA . 
Fund . Columbia Floating Rate
RFRAX Fund  USD 33.56  0.01  0.03%   
The current 90-days correlation between Columbia Floating Rate and Columbia Corporate Income is 0.37 (i.e., Weak diversification). The correlation of Columbia Floating 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 Floating Correlation With Market

Weak diversification

The correlation between Columbia Floating Rate and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Floating Rate and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Columbia Floating Rate. 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

  0.85SRIJX Columbia Corporate IncomePairCorr
  0.95CUSOX Columbia Ultra ShortPairCorr
  0.98CDOAX Columbia DividendPairCorr
  0.98ILGCX Columbia Integrated LargePairCorr
  0.98ILGGX Columbia Integrated LargePairCorr
  0.98ILGJX Columbia Integrated LargePairCorr
  0.97SSCVX Columbia Select SmallerPairCorr
  0.96ILVBX Columbia Integrated LargePairCorr
  0.96ILVFX Columbia Integrated LargePairCorr
  0.97CEVAX Columbia Global ValuePairCorr
  0.97IMRFX Columbia Global OppoPairCorr
  0.97CFIGX Columbia Flexible CapitalPairCorr
  0.97CFIAX Columbia Flexible CapitalPairCorr
  0.96LIACX Columbia AcornPairCorr
  0.98SCICX Columbia SeligmanPairCorr
  0.98PHIKX Columbia ConvertiblePairCorr
  0.65LIBAX Columbia Total ReturnPairCorr
  0.98INDZX Columbia DiversifiedPairCorr
  0.98INEAX Columbia High YieldPairCorr
  0.85LIIAX Columbia Porate IncomePairCorr
  0.88LITAX Columbia Amt FreePairCorr
  0.87LITCX Columbia Amt FreePairCorr
  0.98INUTX Columbia DividendPairCorr
  0.97CGOAX Columbia Small CapPairCorr
  0.98CGTDX Columbia Global TechPairCorr
  0.91NACMX Columbia Amt FreePairCorr
  0.94PISDX Columbia Pyrford IntPairCorr
  0.94PISLX Columbia Pyrford IntPairCorr
  0.94PISOX Columbia Pyrford IntPairCorr
  0.94PISJX Columbia Pyrford IntPairCorr
  0.94PISQX Columbia Pyrford IntPairCorr
  0.98AQEAX Columbia DisciplinedPairCorr
  0.97SVLCX Columbia Select LargePairCorr
  0.97UMEBX Columbia Emerging MarketsPairCorr
  0.97NSGAX Columbia Select LargePairCorr
  0.97UMLAX Columbia Select LargePairCorr
  0.65UMMDX Columbia BondPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Floating 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 Floating'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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