Columbia Commodity Correlations

CCSAX Fund

USD 9.17 0.03 0.33%

The current 90-days correlation between Columbia Modity Strategy and Commodityrealreturn Strategy Fund is 0.97 (i.e., Almost no diversification). The correlation of Columbia Commodity 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 Commodity Correlation With Market

Modest diversification

The correlation between Columbia Modity Strategy and NYA is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Modity Strategy and NYA 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 Modity Strategy. 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

0.82	CUSOX	Columbia Ultra Short	Pair Corr
0.63	INUTX	Columbia Dividend	Pair Corr
0.81	SVLCX	Columbia Select Large	Pair Corr

Moving against Columbia Mutual Fund

0.47	IMNTX	Columbia Minnesota Tax	Pair Corr
0.72	NACMX	Columbia Amt Free	Pair Corr
0.41	LITAX	Columbia Amt Free	Pair Corr
0.71	LNYAX	Columbia Amt Free	Pair Corr
0.43	AUGCX	Columbia Government	Pair Corr

Related Correlations Analysis

	PCRIX	PCSRX	PCRCX	PCRNX	PCLAX	PCLNX
PCRIX		1.0	1.0	1.0	0.92	0.92	PCRIX
PCSRX	1.0		1.0	1.0	0.92	0.93	PCSRX
PCRCX	1.0	1.0		1.0	0.93	0.93	PCRCX
PCRNX	1.0	1.0	1.0		0.92	0.92	PCRNX
PCLAX	0.92	0.92	0.93	0.92		1.0	PCLAX
PCLNX	0.92	0.93	0.93	0.92	1.0		PCLNX
	PCRIX	PCSRX	PCRCX	PCRNX	PCLAX	PCLNX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Commodity 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 Commodity'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
PCRIX	0.63	0.09	0.08	0.29	0.66	(0.66)	1.37	(1.37)	3.52
PCSRX	0.63	0.08	0.07	0.29	0.68	(0.68)	1.30	(1.29)	3.53
PCRCX	0.63	0.08	0.07	0.27	0.66	(0.68)	1.40	(1.35)	3.54
PCRNX	0.63	0.09	0.08	0.30	0.68	(0.67)	1.30	(1.31)	3.51
PCLAX	0.68	0.08	0.06	0.40	0.88	(0.69)	1.23	(1.47)	4.32
PCLNX	0.67	0.08	0.06	0.38	0.88	(0.68)	1.32	(1.28)	4.46

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC