Columbia Income Correlations

CEPRX Fund

USD 8.87 0.01 0.11%

The current 90-days correlation between Columbia Income Oppo and Adams Diversified Equity is 0.28 (i.e., Modest diversification). The correlation of Columbia Income 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.

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

0.97	VWEAX	Vanguard High Yield	Pair Corr
0.97	VWEHX	Vanguard High Yield	Pair Corr
0.85	BHYCX	Blackrock Hi Yld	Pair Corr
0.84	BHYIX	Blackrock High Yield	Pair Corr
0.83	BHYSX	Blackrock Hi Yld	Pair Corr
0.83	BHYAX	Blackrock High Yield	Pair Corr
0.73	FAHHX	American Funds American	Pair Corr
0.71	FTAHX	American Funds American	Pair Corr
0.76	AHTFX	American High Income	Pair Corr
0.8	AHTCX	American High Income	Pair Corr
0.73	MSTPX	Morningstar Municipal	Pair Corr

Related Correlations Analysis

	ADX	WMCVX	PRDMX	DTINX	RTOUX	GSYPX
ADX		0.9	0.97	-0.15	0.93	0.93	ADX
WMCVX	0.9		0.92	0.03	0.98	0.99	WMCVX
PRDMX	0.97	0.92		-0.07	0.95	0.96	PRDMX
DTINX	-0.15	0.03	-0.07		0.02	0.02	DTINX
RTOUX	0.93	0.98	0.95	0.02		0.99	RTOUX
GSYPX	0.93	0.99	0.96	0.02	0.99		GSYPX
	ADX	WMCVX	PRDMX	DTINX	RTOUX	GSYPX

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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

GSYPX	+ 0.99	WMCVX
GSYPX	+ 0.99	RTOUX
RTOUX	+ 0.98	WMCVX
PRDMX	+ 0.97	ADX
GSYPX	+ 0.96	PRDMX
RTOUX	+ 0.95	PRDMX

High negative correlations

DTINX	- 0.15	ADX
DTINX	- 0.07	PRDMX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Income 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 Income'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
ADX	0.55	0.15	0.02	(4.72)	0.46	(0.62)	1.29	(1.10)	3.44
WMCVX	0.85	0.18	0.06	3.02	0.64	(0.96)	1.99	(1.38)	7.94
PRDMX	0.68	0.32	0.30	2.14	0.00	(0.86)	1.71	(0.95)	4.72
DTINX	0.06	(0.01)	(0.91)	(0.17)	0.00	(0.16)	0.13	(0.13)	0.51
RTOUX	0.74	0.17	0.05	4.01	0.59	(0.85)	1.78	(1.32)	6.26
GSYPX	0.82	0.19	0.07	14.01	0.55	(1.04)	1.91	(1.30)	8.06

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Columbia Income Correlations

Moving together with Columbia Mutual Fund

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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