Columbia Mid Correlations

CBSAX Fund

USD 26.43 0.12 0.45%

The current 90-days correlation between Columbia Mid Cap and Columbia Large Cap is 0.01 (i.e., Significant diversification). The correlation of Columbia Mid 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 Mid Correlation With Market

Very good diversification

The correlation between Columbia Mid Cap and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Mid 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 Mid 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 nation.

Moving together with Columbia Mutual Fund

0.87	SRIJX	Columbia Corporate Income	Pair Corr
0.94	CUSOX	Columbia Ultra Short	Pair Corr
0.99	ILGCX	Columbia Integrated Large	Pair Corr
0.99	ILGGX	Columbia Integrated Large	Pair Corr
0.99	ILGJX	Columbia Integrated Large	Pair Corr
0.96	SSCVX	Columbia Select Smaller	Pair Corr
0.96	ILVBX	Columbia Integrated Large	Pair Corr
0.98	IMRFX	Columbia Global Oppo	Pair Corr
0.98	CFIGX	Columbia Flexible Capital	Pair Corr
0.98	CFIAX	Columbia Flexible Capital	Pair Corr
0.98	SCICX	Columbia Seligman	Pair Corr
0.96	PHIKX	Columbia Convertible	Pair Corr
0.98	INDZX	Columbia Diversified	Pair Corr
0.99	INEAX	Columbia High Yield	Pair Corr
0.87	LIIAX	Columbia Porate Income	Pair Corr
0.86	LITAX	Columbia Amt Free	Pair Corr
0.84	LITCX	Columbia Amt Free	Pair Corr
0.97	INUTX	Columbia Dividend	Pair Corr
0.99	CGOAX	Columbia Small Cap	Pair Corr
0.94	PISQX	Columbia Pyrford Int	Pair Corr
0.99	AQEAX	Columbia Disciplined	Pair Corr
0.98	SVLCX	Columbia Select Large	Pair Corr
0.97	NSGAX	Columbia Select Large	Pair Corr
0.66	UMMDX	Columbia Bond	Pair Corr
0.96	NSMDX	Columbia Short Duration	Pair Corr
0.99	NBGDX	Columbia Capital Alloc	Pair Corr
0.99	NBICX	Columbia Capital All	Pair Corr
0.99	NBIAX	Columbia Capital All	Pair Corr
0.96	NTIAX	Columbia Mid Cap	Pair Corr
0.97	RBBAX	Columbia Income Builder	Pair Corr
0.99	RBGCX	Columbia Capital All	Pair Corr
0.97	NCIDX	Columbia Convertible	Pair Corr
0.95	ABDAX	Columbia Capital All	Pair Corr
0.99	ABUAX	Columbia Capital All	Pair Corr
0.99	SHGTX	Columbia Seligman Global	Pair Corr
0.97	ISGDX	Columbia Integrated Small	Pair Corr
0.99	RDLAX	Columbia Disciplined	Pair Corr
0.98	SHTCX	Columbia Seligman Global	Pair Corr

Related Correlations Analysis

	CLWFX	NFEDX	NFECX	NFEBX	NFEAX	CLVRX	SRIJX	CLXRX	SRINX
CLWFX		0.98	0.0	0.0	0.95	0.97	0.85	1.0	0.85	CLWFX
NFEDX	0.98		0.0	0.0	0.97	0.98	0.85	0.98	0.84	NFEDX
NFECX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	NFECX
NFEBX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	NFEBX
NFEAX	0.95	0.97	0.0	0.0		0.94	0.74	0.94	0.73	NFEAX
CLVRX	0.97	0.98	0.0	0.0	0.94		0.86	0.97	0.83	CLVRX
SRIJX	0.85	0.85	0.0	0.0	0.74	0.86		0.85	0.96	SRIJX
CLXRX	1.0	0.98	0.0	0.0	0.94	0.97	0.85		0.85	CLXRX
SRINX	0.85	0.84	0.0	0.0	0.73	0.83	0.96	0.85		SRINX
	CLWFX	NFEDX	NFECX	NFEBX	NFEAX	CLVRX	SRIJX	CLXRX	SRINX

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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

CLXRX	+ 1.0	CLWFX
NFEDX	+ 0.98	CLWFX
CLVRX	+ 0.98	NFEDX
CLXRX	+ 0.98	NFEDX
CLVRX	+ 0.97	CLWFX
NFEAX	+ 0.97	NFEDX

High negative correlations

SRINX	- 0.0	NFEBX
CLXRX	- 0.0	NFEBX
SRIJX	- 0.0	NFEBX
CLVRX	- 0.0	NFEBX
NFEAX	- 0.0	NFEBX
SRINX	- 0.0	NFECX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Mid 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 Mid'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
CLWFX	0.80	0.15	0.17	0.36	0.42	(0.97)	2.46	(1.04)	6.05
NFEDX	0.81	0.40	0.16	(1.57)	0.42	(1.01)	2.49	(0.98)	5.90
NFECX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NFEBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NFEAX	0.84	0.36	0.07	(1.04)	0.95	(0.93)	2.45	(0.94)	9.30
CLVRX	0.64	0.23	0.00	(1.41)	0.54	(0.72)	1.65	(1.32)	4.71
SRIJX	0.24	0.04	(0.49)	(2.30)	0.18	(0.28)	0.56	(0.44)	1.23
CLXRX	0.62	0.09	0.08	0.30	0.36	(0.74)	2.02	(0.84)	4.89
SRINX	0.24	0.00	(0.51)	0.24	0.17	(0.28)	0.56	(0.44)	1.23

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