Columbia Disciplined Correlations

COLEX Fund

USD 10.14 0.00 0.00%

The current 90-days correlation between Columbia Disciplined and Columbia Porate Income is -0.04 (i.e., Good diversification). The correlation of Columbia Disciplined 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 Disciplined Correlation With Market

Good diversification

The correlation between Columbia Disciplined Value and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Disciplined Value 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 income.

Moving together with Columbia Mutual Fund

0.79	CUSHX	Columbia Ultra Short	Pair Corr
0.73	CUSBX	Columbia Ultra Short	Pair Corr
0.96	CDORX	Columbia Dividend	Pair Corr
0.95	CVIRX	Columbia Dividend Income	Pair Corr
0.95	CEARX	Columbia Acorn	Pair Corr
0.96	CVVRX	Columbia Small Cap	Pair Corr
0.97	CECFX	Columbia Large Cap	Pair Corr
0.92	CFCRX	Columbia Flexible Capital	Pair Corr

Moving against Columbia Mutual Fund

0.79	CUVRX	Columbia Government	Pair Corr
0.7	CUTRX	Columbia Treasury Index	Pair Corr
0.7	CUTYX	Columbia Treasury Index	Pair Corr
0.52	CDOZX	Columbia Dividend	Pair Corr
0.52	CDOYX	Columbia Dividend	Pair Corr
0.51	SRINX	Columbia Porate Income	Pair Corr
0.47	CDIRX	Columbia Dividend Income	Pair Corr
0.46	CDDYX	Columbia Dividend Income	Pair Corr
0.46	CDDRX	Columbia Dividend Income	Pair Corr
0.44	CDEYX	Columbia Diversified	Pair Corr
0.39	CDLRX	Columbia Limited Duration	Pair Corr
0.65	CEKYX	Columbia Emerging Markets	Pair Corr
0.65	CEKRX	Columbia Emerging Markets	Pair Corr
0.52	CEBYX	Columbia Emerging Markets	Pair Corr
0.52	CEBRX	Columbia Emerging Markets	Pair Corr
0.5	CVQZX	Columbia Disciplined	Pair Corr
0.49	CVERX	Columbia Mid Cap	Pair Corr
0.45	CDVZX	Columbia Diversified	Pair Corr
0.45	SSVIX	Columbia Select Smaller	Pair Corr
0.63	LIBCX	Columbia Total Return	Pair Corr
0.49	RPCCX	Columbia Capital All	Pair Corr
0.36	CFCIX	Columbia Large Cap	Pair Corr

Related Correlations Analysis

	SRINX	CUSBX	CUTRX	CDAZX	CUURX	CUTYX
SRINX		-0.45	0.93	0.09	0.09	0.93	SRINX
CUSBX	-0.45		-0.71	0.53	0.61	-0.71	CUSBX
CUTRX	0.93	-0.71		-0.13	-0.19	1.0	CUTRX
CDAZX	0.09	0.53	-0.13		0.86	-0.12	CDAZX
CUURX	0.09	0.61	-0.19	0.86		-0.18	CUURX
CUTYX	0.93	-0.71	1.0	-0.12	-0.18		CUTYX
	SRINX	CUSBX	CUTRX	CDAZX	CUURX	CUTYX

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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

CUTYX	+ 1.0	CUTRX
CUTRX	+ 0.93	SRINX
CUTYX	+ 0.93	SRINX
CUURX	+ 0.86	CDAZX
CUURX	+ 0.61	CUSBX
CDAZX	+ 0.53	CUSBX

High negative correlations

CUTYX	- 0.71	CUSBX
CUTRX	- 0.71	CUSBX
CUSBX	- 0.45	SRINX
CUURX	- 0.19	CUTRX
CUTYX	- 0.18	CUURX
CDAZX	- 0.13	CUTRX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Disciplined 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 Disciplined'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	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SRINX	0.24	(0.06)	(0.83)	0.00	0.00	0.44	(0.65)	1.65
CUSBX	0.03	0.00	(0.20)	0.00	0.00	0.11	0.00	0.54
CUTRX	0.23	(0.07)	(1.87)	0.00	0.00	0.30	(0.61)	1.43
CDAZX	0.73	(0.06)	(0.05)	0.00	0.00	1.41	(1.58)	12.80
CUURX	0.85	0.02	0.07	1.10	(0.94)	2.02	(1.42)	9.29
CUTYX	0.23	(0.07)	(1.23)	0.00	0.00	0.40	(0.61)	1.42

Columbia Disciplined 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 Disciplined mutual fund to make a market-neutral strategy. Peer analysis of Columbia Disciplined could also be used in its relative valuation, which is a method of valuing Columbia Disciplined by comparing valuation metrics with similar companies.

Columbia Porate Income Columbia Ultra Short Columbia Treasury Index Multi Manager Directional Alternative Columbia Small Cap Columbia Treasury Index American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot

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