Columbia Small Correlations

CGOAX Fund

USD 30.93 0.55 1.81%

The current 90-days correlation between Columbia Small Cap and Virtus Kar Mid Cap is -0.12 (i.e., Good diversification). The correlation of Columbia Small 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 Small Correlation With Market

Good diversification

The correlation between Columbia Small Cap and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Small 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 Small 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

0.92	SRIJX	Columbia Corporate Income	Pair Corr
0.92	CUSOX	Columbia Ultra Short	Pair Corr
0.92	CDOAX	Columbia Dividend	Pair Corr
0.94	ILGCX	Columbia Integrated Large	Pair Corr
0.91	ILGGX	Columbia Integrated Large	Pair Corr
0.95	ILGJX	Columbia Integrated Large	Pair Corr
0.81	SSCVX	Columbia Select Smaller	Pair Corr
0.92	ILVBX	Columbia Integrated Large	Pair Corr
0.93	ILVFX	Columbia Integrated Large	Pair Corr
0.92	LHIAX	Columbia High Yield	Pair Corr
0.8	CEVAX	Columbia Global Value	Pair Corr
0.93	IMNTX	Columbia Minnesota Tax	Pair Corr
0.92	GEGDX	Columbia Large Cap	Pair Corr
0.97	IMRFX	Columbia Global Oppo	Pair Corr
0.94	CFIGX	Columbia Flexible Capital	Pair Corr
0.94	CFIAX	Columbia Flexible Capital	Pair Corr
0.93	LIACX	Columbia Acorn	Pair Corr
0.95	SCICX	Columbia Seligman	Pair Corr
0.91	PHIKX	Columbia Vertible	Pair Corr
0.9	LIBAX	Columbia Total Return	Pair Corr
0.95	INDZX	Columbia Diversified	Pair Corr
0.92	INEAX	Columbia High Yield	Pair Corr
0.92	LIIAX	Columbia Porate Income	Pair Corr
0.93	INTAX	Columbia Strategic	Pair Corr
0.93	LITAX	Columbia Amt Free	Pair Corr
0.93	LITCX	Columbia Amt Free	Pair Corr
0.88	INUTX	Columbia Dividend	Pair Corr
0.93	CGTDX	Columbia Global Tech	Pair Corr
0.94	NACMX	Columbia Amt Free	Pair Corr
0.68	PISDX	Columbia Pyrford Int	Pair Corr
0.62	PISLX	Columbia Pyrford Int	Pair Corr
0.62	PISOX	Columbia Pyrford Int	Pair Corr
0.63	PISQX	Columbia Pyrford Int	Pair Corr
0.96	AQEAX	Columbia Disciplined	Pair Corr
0.96	SVLCX	Columbia Select Large	Pair Corr
0.95	UMEBX	Columbia Emerging Markets	Pair Corr
0.94	NSGAX	Columbia Select Large	Pair Corr

Related Correlations Analysis

	VIMCX	USAAX	CSVZX	LCGFX	FMIYX	LCGNX	ARGFX	TWIEX	TSNAX	PTSGX
VIMCX		-0.28	-0.18	-0.25	0.33	-0.25	0.11	0.13	-0.28	-0.12	VIMCX
USAAX	-0.28		0.91	0.97	0.35	0.97	0.78	0.71	0.84	0.91	USAAX
CSVZX	-0.18	0.91		0.86	0.54	0.86	0.87	0.7	0.76	0.79	CSVZX
LCGFX	-0.25	0.97	0.86		0.36	1.0	0.78	0.7	0.82	0.92	LCGFX
FMIYX	0.33	0.35	0.54	0.36		0.36	0.48	0.71	0.12	0.22	FMIYX
LCGNX	-0.25	0.97	0.86	1.0	0.36		0.78	0.7	0.82	0.92	LCGNX
ARGFX	0.11	0.78	0.87	0.78	0.48	0.78		0.57	0.73	0.82	ARGFX
TWIEX	0.13	0.71	0.7	0.7	0.71	0.7	0.57		0.46	0.57	TWIEX
TSNAX	-0.28	0.84	0.76	0.82	0.12	0.82	0.73	0.46		0.87	TSNAX
PTSGX	-0.12	0.91	0.79	0.92	0.22	0.92	0.82	0.57	0.87		PTSGX
	VIMCX	USAAX	CSVZX	LCGFX	FMIYX	LCGNX	ARGFX	TWIEX	TSNAX	PTSGX

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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

LCGNX	+ 1.0	LCGFX
LCGFX	+ 0.97	USAAX
LCGNX	+ 0.97	USAAX
PTSGX	+ 0.92	LCGFX
PTSGX	+ 0.92	LCGNX
CSVZX	+ 0.91	USAAX

High negative correlations

TSNAX	- 0.28	VIMCX
USAAX	- 0.28	VIMCX
LCGNX	- 0.25	VIMCX
LCGFX	- 0.25	VIMCX
CSVZX	- 0.18	VIMCX
PTSGX	- 0.12	VIMCX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Small 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 Small'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
VIMCX	0.73	(0.09)	(0.10)	0.00	0.85	(0.83)	1.52	(1.61)	4.59
USAAX	0.66	0.03	0.02	0.11	0.85	(0.67)	1.39	(1.37)	5.17
CSVZX	0.54	0.04	0.06	0.12	0.49	(0.60)	1.31	(0.81)	4.07
LCGFX	0.63	0.02	0.01	0.10	0.85	(0.62)	1.14	(1.21)	5.74
FMIYX	0.57	0.00	(0.02)	0.08	0.63	(0.58)	1.19	(1.01)	3.83
LCGNX	0.63	0.02	0.01	0.10	0.84	(0.61)	1.14	(1.22)	5.72
ARGFX	0.85	0.04	0.08	0.10	0.74	(1.01)	2.07	(1.21)	6.56
TWIEX	0.65	(0.04)	(0.05)	0.03	0.88	(0.63)	1.30	(1.30)	4.19
TSNAX	0.76	0.08	(0.03)	(0.09)	1.12	(0.75)	1.74	(1.63)	6.06
PTSGX	0.76	(0.03)	(0.02)	0.05	1.11	(0.75)	1.74	(1.57)	6.06

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