Columbia Floating Correlations

RFRAX Fund

USD 33.21 0.01 0.03%

The current 90-days correlation between Columbia Floating Rate and Columbia Corporate Income is 0.19 (i.e., Average 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

Good diversification

The correlation between Columbia Floating Rate and DJI is -0.11 (i.e., Good 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 Your Equity Center 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 nation.

Moving together with Columbia Mutual Fund

0.67	CUSOX	Columbia Ultra Short	Pair Corr
0.63	GEGDX	Columbia Large Cap	Pair Corr
0.68	INDZX	Columbia Diversified	Pair Corr
0.66	INEAX	Columbia High Yield	Pair Corr

Related Correlations Analysis

	SRIJX	CUSOX	CDOAX	ILGCX	ILGGX	ILGJX	SSCVX	ILVBX	ILVFX	LHIAX
SRIJX		0.56	0.59	0.56	0.56	0.7	0.02	0.36	0.38	0.72	SRIJX
CUSOX	0.56		0.44	0.72	0.73	0.57	-0.25	0.61	0.65	0.72	CUSOX
CDOAX	0.59	0.44		0.55	0.55	0.68	0.24	0.54	0.55	0.53	CDOAX
ILGCX	0.56	0.72	0.55		1.0	0.85	0.07	0.65	0.67	0.62	ILGCX
ILGGX	0.56	0.73	0.55	1.0		0.85	0.06	0.65	0.67	0.63	ILGGX
ILGJX	0.7	0.57	0.68	0.85	0.85		0.11	0.49	0.5	0.66	ILGJX
SSCVX	0.02	-0.25	0.24	0.07	0.06	0.11		0.26	0.23	-0.43	SSCVX
ILVBX	0.36	0.61	0.54	0.65	0.65	0.49	0.26		1.0	0.36	ILVBX
ILVFX	0.38	0.65	0.55	0.67	0.67	0.5	0.23	1.0		0.39	ILVFX
LHIAX	0.72	0.72	0.53	0.62	0.63	0.66	-0.43	0.36	0.39		LHIAX
	SRIJX	CUSOX	CDOAX	ILGCX	ILGGX	ILGJX	SSCVX	ILVBX	ILVFX	LHIAX

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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

ILGGX	+ 1.0	ILGCX
ILVFX	+ 1.0	ILVBX
ILGJX	+ 0.85	ILGCX
ILGJX	+ 0.85	ILGGX
ILGGX	+ 0.73	CUSOX
LHIAX	+ 0.72	SRIJX

High negative correlations

LHIAX	- 0.43	SSCVX
SSCVX	- 0.25	CUSOX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SRIJX	0.18	0.01	(0.11)	0.21	0.12	(0.21)	0.32	(0.32)	0.87
CUSOX	0.03	0.01	0.00	(0.75)	0.00	0.00	0.11	0.00	0.44
CDOAX	0.46	0.00	(0.07)	0.04	0.57	(0.51)	0.82	(1.02)	2.94
ILGCX	0.73	0.04	0.00	2.06	1.08	(0.71)	1.50	(1.97)	4.76
ILGGX	0.72	0.05	0.01	2.58	1.07	(0.69)	1.46	(1.99)	4.70
ILGJX	0.72	0.04	0.00	0.53	1.10	(0.65)	1.33	(1.94)	4.55
SSCVX	0.76	(0.08)	0.00	(1.41)	0.00	0.00	1.80	(1.54)	5.41
ILVBX	0.50	0.04	0.00	(0.56)	0.60	(0.55)	1.29	(0.91)	3.81
ILVFX	0.50	0.04	0.00	(0.56)	0.60	(0.55)	1.19	(0.90)	3.77
LHIAX	0.16	0.07	0.19	2.25	0.00	(0.26)	0.46	(0.22)	0.91

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