Columbia Large Correlations

CMRAX Fund

USD 10.15 0.03 0.30%

The current 90-days correlation between Columbia Large Cap and T Rowe Price is 0.34 (i.e., Weak diversification). The correlation of Columbia Large 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 Large Correlation With Market

Average diversification

The correlation between Columbia Large Cap and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Large Cap 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 Large Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Columbia Mutual Fund

0.71	BALPX	Blckrk Lc Cr	Pair Corr
0.73	BILPX	Blkrk Lc Cr	Pair Corr
0.69	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.71	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.63	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.77	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.62	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr

Related Correlations Analysis

	TMSRX	BOGSX	MFTFX	REMVX	MPEMX	ANGCX	RYCCX	TEOJX
TMSRX		0.91	-0.53	0.49	0.46	-0.58	0.86	0.55	TMSRX
BOGSX	0.91		-0.46	0.29	0.27	-0.67	0.95	0.35	BOGSX
MFTFX	-0.53	-0.46		-0.16	-0.14	0.73	-0.4	-0.2	MFTFX
REMVX	0.49	0.29	-0.16		0.99	0.14	0.15	0.99	REMVX
MPEMX	0.46	0.27	-0.14	0.99		0.16	0.13	0.98	MPEMX
ANGCX	-0.58	-0.67	0.73	0.14	0.16		-0.69	0.09	ANGCX
RYCCX	0.86	0.95	-0.4	0.15	0.13	-0.69		0.22	RYCCX
TEOJX	0.55	0.35	-0.2	0.99	0.98	0.09	0.22		TEOJX
	TMSRX	BOGSX	MFTFX	REMVX	MPEMX	ANGCX	RYCCX	TEOJX

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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

MPEMX	+ 0.99	REMVX
TEOJX	+ 0.99	REMVX
TEOJX	+ 0.98	MPEMX
RYCCX	+ 0.95	BOGSX
BOGSX	+ 0.91	TMSRX
RYCCX	+ 0.86	TMSRX

High negative correlations

RYCCX	- 0.69	ANGCX
ANGCX	- 0.67	BOGSX
ANGCX	- 0.58	TMSRX
MFTFX	- 0.53	TMSRX
MFTFX	- 0.46	BOGSX
RYCCX	- 0.4	MFTFX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Large 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 Large'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
TMSRX	0.12	0.00	(0.73)	0.06	0.06	(0.19)	0.21	(0.21)	0.82
BOGSX	0.88	0.11	(0.02)	(3.75)	1.12	(0.95)	1.88	(1.98)	5.68
MFTFX	0.93	(0.03)	(0.08)	0.00	1.34	(0.86)	1.70	(1.95)	5.42
REMVX	0.83	0.02	(0.10)	(0.18)	1.06	(0.91)	1.74	(1.98)	6.85
MPEMX	0.69	(0.02)	0.00	(0.42)	0.00	0.00	1.42	(1.41)	4.89
ANGCX	0.09	(0.01)	0.00	(2.61)	0.00	0.00	0.23	(0.23)	0.70
RYCCX	1.42	0.26	0.07	1.32	1.80	(1.43)	3.08	(3.13)	10.29
TEOJX	0.63	0.02	(0.13)	1.69	0.75	(0.75)	1.76	(1.44)	4.91

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