Columbia Amt Correlations

Mutual Funds . USA . 
Fund . Columbia Amt Free Intermediate
SETMX Fund  USD 9.29  0.01  0.11%   
The current 90-days correlation between Columbia Amt Free and Columbia Porate Income is 0.62 (i.e., Poor diversification). The correlation of Columbia Amt 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 Amt Correlation With Market

Average diversification

The correlation between Columbia Amt Free Intermediate and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Amt Free Intermediate and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Columbia Amt Free Intermediate. 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 population.

Moving together with Columbia Mutual Fund

  0.86SRINX Columbia Porate IncomePairCorr
  0.87CUSBX Columbia Ultra ShortPairCorr
  0.8CDAZX Multi Manager DirectPairCorr
  0.9CUURX Columbia Small CapPairCorr
  0.89CDDYX Columbia Dividend IncomePairCorr
  0.88CDDRX Columbia Dividend IncomePairCorr
  0.88CDEYX Columbia DiversifiedPairCorr
  0.88CDIRX Columbia Dividend IncomePairCorr
  0.89AMTCX Columbia Capital AllPairCorr
  0.89CDOZX Columbia DividendPairCorr
  0.89CDOYX Columbia DividendPairCorr
  0.89CVERX Columbia Mid CapPairCorr
  0.88CDVZX Columbia DiversifiedPairCorr
  0.9CVQZX Columbia DisciplinedPairCorr
  0.89CEBYX Columbia Emerging MarketsPairCorr
  0.87CEBRX Columbia Emerging MarketsPairCorr
  0.87CECYX Columbia Large CapPairCorr
  0.89SSVIX Columbia Select SmallerPairCorr
  0.87CEKYX Columbia Emerging MarketsPairCorr
  0.87CEKRX Columbia Emerging MarketsPairCorr
  0.91CEPRX Columbia Income OppoPairCorr
  0.87CEVYX Columbia Global EquityPairCorr
  0.88CEVZX Columbia Global EquityPairCorr
  0.92RPCCX Columbia Capital AllPairCorr
  0.87GEGTX Columbia Large CapPairCorr
  0.89CFCYX Columbia Flexible CapitalPairCorr
  0.8CFCIX Columbia Large CapPairCorr
  0.8CLM Cornerstone StrategicPairCorr
  0.89CFIZX Columbia Flexible CapitalPairCorr
  0.87SCIRX Columbia SeligmanPairCorr
  0.75LIBCX Columbia Total ReturnPairCorr
  0.88CFRZX Columbia Floating RatePairCorr
  0.87CFRYX Columbia Floating RatePairCorr
  0.87SCMIX Columbia SeligmanPairCorr
  0.89CFXRX Columbia Flexible CapitalPairCorr
  0.9APECX Columbia High YieldPairCorr
  0.75CGCYX Columbia Greater China Steady GrowthPairCorr
  0.86CGEZX Columbia Select GlobalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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