Columbia Moderate Correlations

CMCGX Fund

USD 32.60 0.64 1.93%

The current 90-days correlation between Columbia Moderate 529 and Vanguard Total Stock is 0.13 (i.e., Average diversification). The correlation of Columbia Moderate 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 Moderate Correlation With Market

Average diversification

The correlation between Columbia Moderate 529 and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Moderate 529 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 Moderate 529. 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 price.

Moving together with Columbia Mutual Fund

0.72	VTSAX	Vanguard Total Stock	Pair Corr
0.77	VFIAX	Vanguard 500 Index	Pair Corr
0.72	VTSMX	Vanguard Total Stock	Pair Corr
0.77	VITSX	Vanguard Total Stock	Pair Corr
0.72	VSTSX	Vanguard Total Stock	Pair Corr
0.72	VSMPX	Vanguard Total Stock	Pair Corr
0.77	VFINX	Vanguard 500 Index	Pair Corr
0.72	VFFSX	Vanguard 500 Index	Pair Corr
0.79	JEPIX	Jpmorgan Equity Premium	Pair Corr
0.88	JAAAX	Alternative Asset	Pair Corr
0.72	QCERX	Aqr Large Cap	Pair Corr
0.81	VPRAX	Voya T Rowe	Pair Corr
0.68	SCQGX	Deutsche Large Cap	Pair Corr
0.63	DIGGX	Invesco Discovery	Pair Corr
0.67	FDHCX	First Trust Short	Pair Corr
0.87	RHKTX	American Funds 2060	Pair Corr
0.67	FDTRX	Franklin Dynatech	Pair Corr
0.8	MGGNX	Mirova Global Green	Pair Corr
0.75	TAIAX	American Funds Tax	Pair Corr
0.72	VEXRX	Vanguard Explorer	Pair Corr
0.68	VMCIX	Vanguard Mid Cap	Pair Corr
0.77	FSMDX	Fidelity Mid Cap	Pair Corr
0.88	LPRNX	Blackrock Lifepath	Pair Corr
0.7	MMDEX	Praxis Growth Index	Pair Corr
0.79	VSCIX	Vanguard Small Cap	Pair Corr
0.77	DFFVX	Us Targeted Value	Pair Corr
0.65	DFSVX	Us Small Cap	Pair Corr
0.61	ICMUX	Intrepid Income	Pair Corr
0.63	AIVSX	Investment Of America	Pair Corr
0.86	RGPFX	American Funds Balanced	Pair Corr

Related Correlations Analysis

	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX
VTSAX		0.94	1.0	0.95	1.0	1.0	0.94	1.0	-0.6	-0.6	VTSAX
VFIAX	0.94		0.94	1.0	0.94	0.94	1.0	0.94	-0.63	-0.63	VFIAX
VTSMX	1.0	0.94		0.95	1.0	1.0	0.94	1.0	-0.6	-0.6	VTSMX
VITSX	0.95	1.0	0.95		0.95	0.95	1.0	0.95	-0.64	-0.64	VITSX
VSTSX	1.0	0.94	1.0	0.95		1.0	0.94	1.0	-0.6	-0.6	VSTSX
VSMPX	1.0	0.94	1.0	0.95	1.0		0.94	1.0	-0.6	-0.6	VSMPX
VFINX	0.94	1.0	0.94	1.0	0.94	0.94		0.94	-0.63	-0.63	VFINX
VFFSX	1.0	0.94	1.0	0.95	1.0	1.0	0.94		-0.59	-0.59	VFFSX
VGTSX	-0.6	-0.63	-0.6	-0.64	-0.6	-0.6	-0.63	-0.59		1.0	VGTSX
VTIAX	-0.6	-0.63	-0.6	-0.64	-0.6	-0.6	-0.63	-0.59	1.0		VTIAX
	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX

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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

VTSMX	+ 1.0	VTSAX
VSTSX	+ 1.0	VTSAX
VSMPX	+ 1.0	VTSAX
VFFSX	+ 1.0	VTSAX
VITSX	+ 1.0	VFIAX
VFINX	+ 1.0	VFIAX

High negative correlations

VTIAX	- 0.64	VITSX
VGTSX	- 0.64	VITSX
VTIAX	- 0.63	VFINX
VGTSX	- 0.63	VFINX
VTIAX	- 0.63	VFIAX
VGTSX	- 0.63	VFIAX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Moderate 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 Moderate'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
VTSAX	0.54	0.04	0.04	0.07	0.75	(0.56)	0.98	(0.95)	5.94
VFIAX	0.52	0.06	0.05	0.99	0.72	(0.52)	0.97	(0.96)	5.48
VTSMX	0.54	0.04	0.04	0.06	0.75	(0.56)	0.98	(0.94)	5.94
VITSX	0.55	0.06	0.05	0.76	0.75	(0.58)	0.98	(0.95)	5.95
VSTSX	0.54	0.04	0.04	0.07	0.75	(0.56)	0.98	(0.95)	5.94
VSMPX	0.54	0.04	0.04	0.07	0.75	(0.56)	0.98	(0.95)	5.94
VFINX	0.52	0.06	0.05	0.98	0.72	(0.51)	0.97	(0.96)	5.48
VFFSX	0.51	0.04	0.04	0.07	0.72	(0.50)	0.97	(0.96)	5.48
VGTSX	0.59	(0.13)	0.00	(0.45)	0.00	0.00	1.13	(1.56)	4.43
VTIAX	0.58	(0.13)	0.00	(0.45)	0.00	0.00	1.14	(1.59)	4.46

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