Columbia Dividend Correlations

CDORX Fund

USD 42.84 0.00 0.00%

The current 90-days correlation between Columbia Dividend and Qs Small Capitalization is -0.2 (i.e., Good diversification). The correlation of Columbia Dividend 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 Dividend Correlation With Market

Good diversification

The correlation between Columbia Dividend Opportunity and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Dividend Opportunity and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. 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

0.79	CUSHX	Columbia Ultra Short	Pair Corr
0.78	CUSBX	Columbia Ultra Short	Pair Corr
0.74	CDAZX	Multi-manager Directional	Pair Corr
0.65	CUURX	Columbia Small Cap	Pair Corr
0.71	CDDYX	Columbia Dividend Income	Pair Corr
0.7	CDDRX	Columbia Dividend Income	Pair Corr
0.73	CDEYX	Columbia Diversified	Pair Corr
0.7	CDIRX	Columbia Dividend Income	Pair Corr
0.77	CDOZX	Columbia Dividend	Pair Corr
0.77	CDOYX	Columbia Dividend	Pair Corr
0.65	CVERX	Columbia Mid Cap	Pair Corr
0.98	CVIRX	Columbia Dividend Income	Pair Corr
0.73	CDVZX	Columbia Diversified	Pair Corr
0.75	CVQZX	Columbia Disciplined	Pair Corr
0.94	CEARX	Columbia Acorn	Pair Corr
0.88	CVVRX	Columbia Small Cap	Pair Corr
0.79	CECYX	Columbia Large Cap	Pair Corr
0.94	CECFX	Columbia Large Cap	Pair Corr
0.64	SSVIX	Columbia Select Smaller	Pair Corr
0.64	CEVYX	Columbia Global Equity	Pair Corr
0.64	CEVZX	Columbia Global Equity	Pair Corr
0.76	GEGTX	Columbia Large Cap	Pair Corr
0.98	CFCRX	Columbia Flexible Capital	Pair Corr
0.94	CFDRX	Columbia Mid Cap	Pair Corr
0.81	CLM	Cornerstone Strategic	Pair Corr
0.75	CFIZX	Columbia Flexible Capital	Pair Corr

Moving against Columbia Mutual Fund

0.82	CUTRX	Columbia Treasury Index	Pair Corr
0.82	CUTYX	Columbia Treasury Index	Pair Corr
0.74	SRINX	Columbia Porate Income	Pair Corr
0.74	CUVRX	Columbia Government	Pair Corr
0.37	CEBYX	Columbia Emerging Markets	Pair Corr
0.37	CEBRX	Columbia Emerging Markets	Pair Corr
0.83	CGVRX	Columbia Government	Pair Corr
0.82	LIBCX	Columbia Total Return	Pair Corr

Related Correlations Analysis

	LMBMX	KSCYX	APDSX	AATSX	FEODX	CIPNX	ASVYX
LMBMX		0.91	0.95	0.98	0.89	0.95	0.99	LMBMX
KSCYX	0.91		0.89	0.94	0.79	0.92	0.91	KSCYX
APDSX	0.95	0.89		0.95	0.86	0.89	0.93	APDSX
AATSX	0.98	0.94	0.95		0.88	0.96	0.98	AATSX
FEODX	0.89	0.79	0.86	0.88		0.8	0.88	FEODX
CIPNX	0.95	0.92	0.89	0.96	0.8		0.97	CIPNX
ASVYX	0.99	0.91	0.93	0.98	0.88	0.97		ASVYX
	LMBMX	KSCYX	APDSX	AATSX	FEODX	CIPNX	ASVYX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Dividend 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 Dividend'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
LMBMX	0.94	(0.04)	0.01	0.08	1.06	(1.04)	1.95	(1.75)	8.01
KSCYX	1.40	0.50	0.25	0.56	1.40	(1.56)	3.29	(2.82)	13.94
APDSX	0.94	0.04	0.05	0.13	1.15	(0.92)	2.03	(1.99)	5.77
AATSX	0.78	0.04	0.06	0.14	0.76	(0.86)	2.10	(1.37)	4.86
FEODX	0.86	0.08	(0.01)	0.59	1.00	(0.93)	1.76	(1.41)	6.51
CIPNX	0.82	0.00	0.04	0.11	0.86	(0.85)	1.72	(1.65)	7.22
ASVYX	0.91	(0.04)	0.01	0.08	0.86	(1.09)	2.09	(1.43)	8.13

Columbia Dividend Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Columbia Dividend mutual fund to make a market-neutral strategy. Peer analysis of Columbia Dividend could also be used in its relative valuation, which is a method of valuing Columbia Dividend by comparing valuation metrics with similar companies.

Qs Small Capitalization Kinetics Small Cap Artisan Small Cap Ancorathelen Small Mid Cap Oklahoma College Savings Champlain Small Small Cap Value American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

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