Columbia Large Correlations

GEGTX Fund

USD 78.41 0.74 0.93%

The current 90-days correlation between Columbia Large Cap and Multisector Bond Sma is 0.13 (i.e., Average 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

Significant diversification

The correlation between Columbia Large Cap and DJI is 0.08 (i.e., Significant 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 Risk vs Return Analysis 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 signals in estimate.

Moving together with Columbia Mutual Fund

0.87	CUSHX	Columbia Ultra Short	Pair Corr
0.81	CUSBX	Columbia Ultra Short	Pair Corr
0.9	CDAZX	Multi Manager Direct	Pair Corr
0.87	CUURX	Columbia Small Cap	Pair Corr
0.86	CDDYX	Columbia Dividend Income	Pair Corr
0.86	CDDRX	Columbia Dividend Income	Pair Corr
0.9	CDEYX	Columbia Diversified	Pair Corr
0.86	CDIRX	Columbia Dividend Income	Pair Corr
0.86	CDOZX	Columbia Dividend	Pair Corr
0.86	CDOYX	Columbia Dividend	Pair Corr
0.68	CDORX	Columbia Dividend	Pair Corr
0.82	CVERX	Columbia Mid Cap	Pair Corr
0.64	CVIRX	Columbia Dividend Income	Pair Corr
0.9	CDVZX	Columbia Diversified	Pair Corr
0.82	CVQZX	Columbia Disciplined	Pair Corr
0.67	CEARX	Columbia Acorn	Pair Corr
0.94	CECYX	Columbia Large Cap	Pair Corr
0.74	CECFX	Columbia Large Cap	Pair Corr
0.76	SSVIX	Columbia Select Smaller	Pair Corr
0.85	CEVYX	Columbia Global Equity	Pair Corr
0.85	CEVZX	Columbia Global Equity	Pair Corr
0.88	CFCYX	Columbia Flexible Capital	Pair Corr
0.73	CFCRX	Columbia Flexible Capital	Pair Corr
0.75	CFCIX	Columbia Large Cap Potential Growth	Pair Corr

Moving against Columbia Mutual Fund

0.71	CUTRX	Columbia Treasury Index	Pair Corr
0.71	CUTYX	Columbia Treasury Index	Pair Corr
0.71	CUVRX	Columbia Government	Pair Corr
0.47	SRINX	Columbia Porate Income	Pair Corr
0.66	LIBCX	Columbia Total Return	Pair Corr
0.32	RPCCX	Columbia Capital All	Pair Corr

Related Correlations Analysis

	MBSAX	XDLYX	ANBIX	TTRBX	PHDTX
MBSAX		0.68	0.62	0.67	0.26	MBSAX
XDLYX	0.68		0.83	0.93	-0.31	XDLYX
ANBIX	0.62	0.83		0.88	-0.36	ANBIX
TTRBX	0.67	0.93	0.88		-0.35	TTRBX
PHDTX	0.26	-0.31	-0.36	-0.35		PHDTX
	MBSAX	XDLYX	ANBIX	TTRBX	PHDTX

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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

TTRBX	+ 0.93	XDLYX
TTRBX	+ 0.88	ANBIX
ANBIX	+ 0.83	XDLYX
XDLYX	+ 0.68	MBSAX
TTRBX	+ 0.67	MBSAX
ANBIX	+ 0.62	MBSAX

High negative correlations

PHDTX	- 0.36	ANBIX
PHDTX	- 0.35	TTRBX
PHDTX	- 0.31	XDLYX

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
MBSAX	0.21	(0.01)	(0.34)	0.06	0.23	(0.22)	0.37	(0.44)	1.25
XDLYX	0.13	(0.01)	0.00	(2.62)	0.00	0.00	0.24	(0.31)	1.11
ANBIX	0.14	(0.02)	0.00	(0.54)	0.00	0.00	0.29	(0.29)	0.87
TTRBX	0.13	(0.02)	0.00	(0.47)	0.00	0.00	0.30	(0.30)	0.70
PHDTX	0.09	0.02	(0.57)	0.44	0.00	(0.14)	0.22	(0.11)	0.56

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