Columbia Floating Correlations

Mutual Funds . USA . 
Fund . Columbia Floating Rate
CFRYX Fund  USD 33.55  0.01  0.03%   
The current 90-days correlation between Columbia Floating Rate and Columbia Porate Income is 0.39 (i.e., Weak diversification). The correlation of Columbia Floating 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 Floating Correlation With Market

Weak diversification

The correlation between Columbia Floating Rate and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Floating Rate 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 Floating Rate. 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 manufacturing.

Moving together with Columbia Mutual Fund

  0.85SRINX Columbia Porate IncomePairCorr
  0.97CUSBX Columbia Ultra ShortPairCorr
  0.94CDAZX Multi Manager DirectPairCorr
  0.97CUURX Columbia Small CapPairCorr
  0.98CDDYX Columbia Dividend IncomePairCorr
  0.66CDDRX Columbia Dividend IncomePairCorr
  0.98CDEYX Columbia DiversifiedPairCorr
  0.98CDIRX Columbia Dividend IncomePairCorr
  0.62AMTCX Columbia Capital AllPairCorr
  0.98CDOZX Columbia DividendPairCorr
  0.65CDOYX Columbia DividendPairCorr
  0.97CVERX Columbia Mid CapPairCorr
  0.98CDVZX Columbia DiversifiedPairCorr
  0.66CVQZX Columbia DisciplinedPairCorr
  0.94CEBYX Columbia Emerging MarketsPairCorr
  0.94CEBRX Columbia Emerging MarketsPairCorr
  0.63CECYX Columbia Large CapPairCorr
  0.63SSVIX Columbia Select SmallerPairCorr
  0.97CEKYX Columbia Emerging MarketsPairCorr
  0.97CEKRX Columbia Emerging MarketsPairCorr
  0.97CEPRX Columbia Income OppoPairCorr
  0.62CEVYX Columbia Global EquityPairCorr
  0.97CEVZX Columbia Global EquityPairCorr
  0.98GEGTX Columbia Large CapPairCorr
  0.63CFCYX Columbia Flexible CapitalPairCorr
  0.92CFCIX Columbia Large CapPairCorr
  0.94CLM Cornerstone StrategicPairCorr
  0.63CFIZX Columbia Flexible CapitalPairCorr
  0.98SCIRX Columbia SeligmanPairCorr
  0.64CFRZX Columbia Floating RatePairCorr
  0.98SCMIX Columbia SeligmanPairCorr
  0.63CFXRX Columbia Flexible CapitalPairCorr
  0.98APECX Columbia High YieldPairCorr
  0.88CGCYX Columbia Greater China Steady GrowthPairCorr
  0.65CGEZX Columbia Select GlobalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Floating 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 Floating'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRINX  0.24  0.02 (0.28) 0.28  0.16 
(0.29)
 0.56 
(0.44)
 1.23 
CUSBX  0.05  0.01  0.00  1.53  0.00 
 0.00 
 0.11 
 0.00 
 0.55 
CUTRX  0.25 (0.01)(0.40)(0.01) 0.28 
(0.27)
 0.41 
(0.51)
 1.12 
CDAZX  0.38  0.04 (0.08) 0.26  0.30 
(0.47)
 0.96 
(0.67)
 2.20 
CUURX  0.96  0.11  0.11  0.24  0.86 
(1.15)
 2.39 
(1.92)
 6.37 
CUTYX  0.24 (0.01)(0.39) 0.02  0.27 
(0.27)
 0.41 
(0.51)
 1.22 
CDDYX  0.53  0.04  0.00  0.19  0.48 
(0.61)
 1.47 
(1.00)
 3.51 
CDDRX  0.47  0.17  0.05 (3.90) 0.25 
(0.58)
 1.32 
(0.72)
 3.46 
CDEYX  0.61  0.08  0.07  0.23  0.47 
(0.71)
 1.61 
(1.11)
 4.39 
CDIRX  0.53  0.04  0.00  0.18  0.51 
(0.61)
 1.47 
(1.02)
 3.53 

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