Columbia Growth Correlations

Mutual Funds USA . 
Fund . Columbia Growth 529
CGCGX Fund  USD 53.98  0.54  0.99%   
The current 90-days correlation between Columbia Growth 529 and Vanguard Total Stock is -0.02 (i.e., Good diversification). The correlation of Columbia Growth 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 Growth Correlation With Market

Almost no diversification

The correlation between Columbia Growth 529 and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Growth 529 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 Growth 529. 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 price.

Moving together with Columbia Mutual Fund

  0.98VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.96VGTSX Vanguard Total InterPairCorr
  0.96VTIAX Vanguard Total InterPairCorr
  0.97BISRX Brandes InternationalPairCorr
  0.67LOISX Lord Abbett IntermediatePairCorr
  0.98CLIFX Clifford Capital PartnersPairCorr
  0.99LCBDX Clearbridge TacticalPairCorr
  0.98MLRRX Mainstay Large CapPairCorr
  0.98VEXRX Vanguard ExplorerPairCorr
  0.97EGRSX Eaton Vance GlobalPairCorr
  1.0VGIAX Vanguard Growth AndPairCorr
  0.89BULIX Utilities Fund InvestorPairCorr
  0.7PCMNX Pace Municipal FixedPairCorr
  0.84PBCAX Prudential CaliforniaPairCorr
  0.97SIPIX Simt Mid CapPairCorr
  0.98MLNSX Global Centrated PorPairCorr
  0.99NGDRX Neuberger Berman GuardianPairCorr
  0.97RYHOX Nasdaq 100 FundPairCorr
  0.95SPMIX Sp Midcap IndexPairCorr
  0.99HCKSX Hartford ChecksPairCorr
  0.98LGLSX L Abbett GrowthPairCorr
  0.98ETY Eaton Vance TaxPairCorr
  0.93PEEAX Prudential Jennison MidPairCorr
  0.99RDITX American Funds 2050PairCorr
  0.84BBINX Bbh Intermediate MunPairCorr
  0.99FHAUX Fidelity Freedom BlendPairCorr
  0.98JMGZX Jpmorgan Mid CapPairCorr
  1.0AADWX American Century OnePairCorr
  0.71PTTFX T Rowe PricePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Growth 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 Growth'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
VTSAX  0.54  0.22  0.16 (1.99) 0.17 
(0.65)
 1.15 
(0.81)
 5.05 
VFIAX  0.53  0.08  0.10  0.20  0.33 
(0.61)
 1.12 
(0.83)
 4.88 
VTSMX  0.53  0.22  0.17 (1.60) 0.19 
(0.64)
 1.15 
(0.81)
 5.04 
VITSX  0.55  0.08  0.10  0.19  0.38 
(0.64)
 1.15 
(0.84)
 5.05 
VSTSX  0.53  0.22  0.17 (1.61) 0.19 
(0.62)
 1.15 
(0.81)
 5.04 
VSMPX  0.53  0.22  0.17 (1.61) 0.19 
(0.64)
 1.15 
(0.81)
 5.04 
VFINX  0.54  0.09  0.10  0.21  0.32 
(0.63)
 1.12 
(0.83)
 4.88 
VFFSX  0.51  0.22  0.17 (1.73) 0.09 
(0.58)
 1.11 
(0.78)
 4.88 
VGTSX  0.48  0.11  0.01  14.34  0.48 
(0.50)
 1.06 
(1.15)
 3.09 
VTIAX  0.48  0.11  0.01  23.19  0.48 
(0.49)
 1.07 
(1.15)
 3.10 

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