Multisector Bond Correlations

Mutual Funds . USA . 
Fund . Multisector Bond Sma
MBSAX Fund  USD 14.23  0.01  0.07%   
The current 90-days correlation between Multisector Bond Sma and Columbia Porate Income is 0.82 (i.e., Very poor diversification). The correlation of Multisector Bond 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.

Multisector Bond Correlation With Market

Very weak diversification

The correlation between Multisector Bond Sma and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multisector Bond Sma and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Multisector Bond Sma. 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 Multisector Mutual Fund

  0.97SRINX Columbia Porate IncomePairCorr
  0.94CUSBX Columbia Ultra ShortPairCorr
  0.92CUTRX Columbia Treasury IndexPairCorr
  0.94CDAZX Multi-manager DirectionalPairCorr
  0.86CUURX Columbia Small CapPairCorr
  0.92CUTYX Columbia Treasury IndexPairCorr
  0.93CDDYX Columbia Dividend IncomePairCorr
  0.93CDDRX Columbia Dividend IncomePairCorr
  0.93CDEYX Columbia DiversifiedPairCorr
  0.93CDIRX Columbia Dividend IncomePairCorr
  0.97AMTCX Columbia Capital AllPairCorr
  0.88CDOZX Columbia DividendPairCorr
  0.88CDOYX Columbia DividendPairCorr
  0.92CVERX Columbia Mid CapPairCorr
  0.93CDVZX Columbia DiversifiedPairCorr
  0.93CVQZX Columbia DisciplinedPairCorr
  0.97CEBYX Columbia Emerging MarketsPairCorr
  0.97CEBRX Columbia Emerging MarketsPairCorr
  0.94CECYX Columbia Large CapPairCorr
  0.87SSVIX Columbia Select SmallerPairCorr
  0.92CEKYX Columbia Emerging MarketsPairCorr
  0.92CEKRX Columbia Emerging MarketsPairCorr
  0.98CEPRX Columbia Income OppoPairCorr
  0.96CEVYX Columbia Global EquityPairCorr
  0.96CEVZX Columbia Global EquityPairCorr
  0.99RPCCX Columbia Capital AllPairCorr
  0.93GEGTX Columbia Large CapPairCorr
  0.94CFCYX Columbia Flexible CapitalPairCorr
  0.91CLM Cornerstone StrategicPairCorr
  0.94CFIZX Columbia Flexible CapitalPairCorr
  0.96SCIRX Columbia SeligmanPairCorr
  0.96LIBCX Columbia Total ReturnPairCorr
  0.89CFRZX Columbia Floating RatePairCorr
  0.89CFRYX Columbia Floating RatePairCorr
  0.96SCMIX Columbia SeligmanPairCorr
  0.94CFXRX Columbia Flexible CapitalPairCorr
  0.98APECX Columbia High YieldPairCorr
  0.85CGCYX Columbia Greater ChinaPairCorr
  0.85CGEZX Columbia Select GlobalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Multisector Mutual Fund performing well and Multisector Bond 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 Multisector Bond'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  0.21  0.03 (0.26) 0.51  0.00 
(0.30)
 0.55 
(0.44)
 1.21 
CUSBX  0.05  0.01  0.00  0.62  0.00 
 0.00 
 0.11 
(0.11)
 0.55 
CUTRX  0.23  0.02 (0.33) 1.12  0.09 
(0.30)
 0.51 
(0.31)
 1.13 
CDAZX  0.33  0.03 (0.11) 0.18  0.14 
(0.45)
 0.92 
(0.51)
 2.08 
CUURX  0.98  0.04  0.10  0.14  0.79 
(1.16)
 2.22 
(1.89)
 5.05 
CUTYX  0.22  0.02 (0.35) 0.75  0.11 
(0.27)
 0.51 
(0.30)
 1.22 
CDDYX  0.40  0.03 (0.02) 0.16  0.27 
(0.44)
 0.83 
(0.78)
 1.86 
CDDRX  0.40  0.03 (0.01) 0.16  0.28 
(0.45)
 0.83 
(0.78)
 1.87 
CDEYX  0.46  0.03  0.02  0.15  0.34 
(0.51)
 1.01 
(0.82)
 2.30 
CDIRX  0.40  0.03 (0.02) 0.15  0.29 
(0.45)
 0.85 
(0.79)
 1.88 

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