Columbia Diversified Correlations

CDEYX Fund

USD 18.41 0.07 0.38%

The current 90-days correlation between Columbia Diversified and Lord Abbett Health is 0.48 (i.e., Very weak diversification). The correlation of Columbia Diversified 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 Diversified Correlation With Market

Very poor diversification

The correlation between Columbia Diversified Equity and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Diversified Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Columbia Diversified Equity. 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 manufacturing.

Moving together with Columbia Mutual Fund

0.87	CUSHX	Columbia Ultra Short	Pair Corr
0.81	CUSBX	Columbia Ultra Short	Pair Corr
0.93	CDAZX	Multi Manager Direct	Pair Corr
0.98	CUURX	Columbia Small Cap	Pair Corr
0.98	CDDYX	Columbia Dividend Income	Pair Corr
0.98	CDDRX	Columbia Dividend Income	Pair Corr
0.98	CDIRX	Columbia Dividend Income	Pair Corr
0.97	CDOYX	Columbia Dividend	Pair Corr
0.66	CDORX	Columbia Dividend	Pair Corr
0.91	CVERX	Columbia Mid Cap	Pair Corr
0.63	CVIRX	Columbia Dividend Income	Pair Corr
1.0	CDVZX	Columbia Diversified	Pair Corr
0.89	CVQZX	Columbia Disciplined	Pair Corr
0.68	CEARX	Columbia Acorn	Pair Corr
0.63	CVVRX	Columbia Small Cap	Pair Corr
0.95	CECYX	Columbia Large Cap	Pair Corr
0.76	CECFX	Columbia Large Cap	Pair Corr
0.82	SSVIX	Columbia Select Smaller	Pair Corr
0.96	CEVYX	Columbia Global Equity	Pair Corr
0.96	CEVZX	Columbia Global Equity	Pair Corr
0.9	GEGTX	Columbia Large Cap	Pair Corr
0.96	CFCYX	Columbia Flexible Capital	Pair Corr
0.71	CFCRX	Columbia Flexible Capital	Pair Corr
0.81	CFCIX	Columbia Large Cap Potential Growth	Pair Corr
0.63	CFDRX	Columbia Mid Cap	Pair Corr

Moving against Columbia Mutual Fund

0.7	CUVRX	Columbia Government	Pair Corr
0.65	CUTRX	Columbia Treasury Index	Pair Corr
0.64	CUTYX	Columbia Treasury Index	Pair Corr
0.38	SRINX	Columbia Porate Income	Pair Corr
0.64	CGVRX	Columbia Government	Pair Corr
0.62	CGOLX	Columbia Global Dividend	Pair Corr
0.59	LIBCX	Columbia Total Return	Pair Corr

Related Correlations Analysis

	LHCCX	XXGRX	LYFAX	THQ	AHSCX	HIAHX
LHCCX		0.28	0.64	0.24	0.89	0.22	LHCCX
XXGRX	0.28		0.65	0.81	0.3	0.97	XXGRX
LYFAX	0.64	0.65		0.46	0.68	0.57	LYFAX
THQ	0.24	0.81	0.46		0.28	0.85	THQ
AHSCX	0.89	0.3	0.68	0.28		0.22	AHSCX
HIAHX	0.22	0.97	0.57	0.85	0.22		HIAHX
	LHCCX	XXGRX	LYFAX	THQ	AHSCX	HIAHX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Diversified 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 Diversified'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
LHCCX	0.74	(0.09)	(0.11)	0.00	0.97	(0.83)	1.50	(1.45)	5.15
XXGRX	0.63	(0.14)	0.00	(0.69)	0.00	0.00	1.01	(1.19)	2.74
LYFAX	0.61	(0.13)	0.00	(0.11)	0.00	0.00	1.10	(1.62)	3.82
THQ	0.81	(0.16)	0.00	(0.11)	0.00	0.00	1.41	(1.67)	5.19
AHSCX	0.55	(0.06)	(0.17)	(0.02)	0.70	(0.57)	0.82	(1.17)	4.55
HIAHX	0.63	(0.14)	0.00	(0.61)	0.00	0.00	0.91	(1.54)	3.83

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