Columbia Limited Correlations

Mutual Funds . USA . 
Fund . Columbia Limited Duration
ALDAX Fund  USD 9.91  0.01  0.10%   
The current 90-days correlation between Columbia Limited Duration and Gabelli Convertible And is -0.21 (i.e., Very good diversification). The correlation of Columbia Limited 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 Limited Correlation With Market

Good diversification

The correlation between Columbia Limited Duration and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Limited Duration 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 Limited Duration. 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

  0.81SRIJX Columbia Corporate IncomePairCorr
  0.91CUSOX Columbia Ultra ShortPairCorr
  0.72ILGCX Columbia Integrated LargePairCorr
  0.69ILGGX Columbia Integrated LargePairCorr
  0.7ILGJX Columbia Integrated LargePairCorr
  0.68CEVAX Columbia Global ValuePairCorr
  0.78IMRFX Columbia Global OppoPairCorr
  0.61CFIAX Columbia Flexible CapitalPairCorr
  0.63LIACX Columbia AcornPairCorr
  0.66SCICX Columbia SeligmanPairCorr
  0.71PHIKX Columbia ConvertiblePairCorr
  0.75LIBAX Columbia Total ReturnPairCorr
  0.63INDZX Columbia DiversifiedPairCorr
  0.84INEAX Columbia High YieldPairCorr
  0.81LIIAX Columbia Porate IncomePairCorr
  0.68CGOAX Columbia Small CapPairCorr
  0.77PISDX Columbia Pyrford IntPairCorr
  0.71PISLX Columbia Pyrford IntPairCorr
  0.71PISOX Columbia Pyrford IntPairCorr
  0.71PISJX Columbia Pyrford IntPairCorr
  0.78PISQX Columbia Pyrford IntPairCorr
  0.67AQEAX Columbia DisciplinedPairCorr
  0.64SVLCX Columbia Select LargePairCorr
  0.71UMEBX Columbia Emerging MarketsPairCorr
  0.65NSGAX Columbia Select LargePairCorr
  0.69UMMDX Columbia BondPairCorr
  0.84NSMDX Columbia Short DurationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Limited 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 Limited'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.

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