Columbia Commodity Correlations

CCSAX Fund

USD 9.00 0.02 0.22%

The current 90-days correlation between Columbia Modity Strategy and T Rowe Price is 0.08 (i.e., Significant diversification). The correlation of Columbia Commodity 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 Commodity Correlation With Market

Significant diversification

The correlation between Columbia Modity Strategy and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Modity Strategy 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 Modity Strategy. 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

0.61	SRIJX	Columbia Corporate Income	Pair Corr
0.64	CUSOX	Columbia Ultra Short	Pair Corr
0.63	CDOAX	Columbia Dividend	Pair Corr
0.65	CEVAX	Columbia Global Value	Pair Corr
0.63	IMRFX	Columbia Global Oppo	Pair Corr
0.66	CFIGX	Columbia Flexible Capital	Pair Corr
0.65	CFIAX	Columbia Flexible Capital	Pair Corr
0.66	SCICX	Columbia Seligman	Pair Corr
0.65	PHIKX	Columbia Convertible	Pair Corr
0.62	INEAX	Columbia High Yield	Pair Corr
0.61	LIIAX	Columbia Porate Income	Pair Corr
0.62	INUTX	Columbia Dividend	Pair Corr
0.65	CGOAX	Columbia Small Cap	Pair Corr
0.64	CGTDX	Columbia Global Tech	Pair Corr

Moving against Columbia Mutual Fund

0.43

INTAX

Columbia Strategic

Pair Corr

Related Correlations Analysis

	RRGSX	PRUFX	VMGAX	LGLSX	BUFGX	AUERX	MGAFX	TFAGX
RRGSX		0.99	1.0	1.0	0.98	0.96	0.98	0.98	RRGSX
PRUFX	0.99		0.99	0.98	1.0	0.95	0.99	1.0	PRUFX
VMGAX	1.0	0.99		0.99	0.98	0.96	0.98	0.98	VMGAX
LGLSX	1.0	0.98	0.99		0.98	0.97	0.98	0.98	LGLSX
BUFGX	0.98	1.0	0.98	0.98		0.95	1.0	0.99	BUFGX
AUERX	0.96	0.95	0.96	0.97	0.95		0.96	0.95	AUERX
MGAFX	0.98	0.99	0.98	0.98	1.0	0.96		0.99	MGAFX
TFAGX	0.98	1.0	0.98	0.98	0.99	0.95	0.99		TFAGX
	RRGSX	PRUFX	VMGAX	LGLSX	BUFGX	AUERX	MGAFX	TFAGX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Commodity 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 Commodity'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
RRGSX	0.73	0.17	0.22	0.43	0.00	(0.94)	2.40	(0.97)	5.41
PRUFX	0.77	0.40	0.13	(1.42)	0.39	(0.96)	2.40	(1.15)	5.41
VMGAX	0.75	0.21	0.26	0.45	0.00	(0.96)	2.59	(1.09)	5.76
LGLSX	0.90	0.25	0.25	0.51	0.17	(1.08)	2.88	(1.41)	6.12
BUFGX	0.77	0.40	0.11	(1.19)	0.45	(0.91)	2.25	(1.24)	5.98
AUERX	0.62	0.13	0.02	0.50	0.31	(0.73)	1.48	(1.13)	3.03
MGAFX	0.45	0.23	(0.05)	(1.72)	0.16	(0.52)	1.45	(0.88)	3.33
TFAGX	0.66	0.36	0.08	(1.22)	0.25	(0.81)	2.02	(0.89)	5.07

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