Asset Comparison and Correlation
|Absolute Strategies R vs Columbia Absolute Ret MultiStr|
Assuming 30 trading days horizon, Absolute Strategies R is expected to under-perform the Columbia. But the fund apears to be less risky and, when comparing its historical volatility, Absolute Strategies R is 1.43 times less risky than Columbia. The fund trades about -0.21 of its potential returns per unit of risk. The Columbia Absolute Ret MultiStrat C is currently generating about 0.3 of returns per unit of risk over similar time horizon. If you would invest 1,003 in Columbia Absolute Ret MultiStrat C on April 22, 2013 and sell it today you would earn a total of 11.00 from holding Columbia Absolute Ret MultiStrat C or generate 1.1% return on investment over 30 days.
Over the last 30 days Absolute Strategies R has generated negative risk-adjusted returns adding no value to investors with long positions.
Match ups for Absolute
83% of all equities and portfolios perform better than Columbia Absolute Ret MultiStrat C. Compared with the overall equity markets, risk-adjusted returns on investments in Columbia Absolute Ret MultiStrat C are ranked lower than 17 (%) of all global equities and portfolios over the last 30 days.
Match ups for Columbia