Columbia Acorn Correlations

Mutual Funds . USA . 
Fund . Columbia Acorn European
CAEAX Fund  USD 29.13  0.17  0.58%   
The current 90-days correlation between Columbia Acorn European and Morgan Stanley European is 0.7 (i.e., Poor diversification). The correlation of Columbia Acorn 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 Acorn Correlation With Market

Average diversification

The correlation between Columbia Acorn European and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Acorn European 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 Acorn European. 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

  0.82SRIJX Columbia Corporate IncomePairCorr
  0.93CUSOX Columbia Ultra ShortPairCorr
  0.9ILGCX Columbia Integrated LargePairCorr
  0.97ILGGX Columbia Integrated LargePairCorr
  0.82SSCVX Columbia Select SmallerPairCorr
  0.92ILVFX Columbia Integrated LargePairCorr
  0.97IMRFX Columbia Global OppoPairCorr
  0.95CFIGX Columbia Flexible CapitalPairCorr
  0.95CFIAX Columbia Flexible CapitalPairCorr
  0.95LIACX Columbia AcornPairCorr
  0.96SCICX Columbia SeligmanPairCorr
  0.84PHIKX Columbia ConvertiblePairCorr
  0.96INDZX Columbia DiversifiedPairCorr
  0.97INEAX Columbia High YieldPairCorr
  0.75LIIAX Columbia Porate IncomePairCorr
  0.83LITAX Columbia Amt FreePairCorr
  0.73LITCX Columbia Amt FreePairCorr
  0.95INUTX Columbia DividendPairCorr
  0.96CGOAX Columbia Small CapPairCorr
  0.97CGTDX Columbia Global TechPairCorr
  0.97PISLX Columbia Pyrford IntPairCorr
  0.97PISJX Columbia Pyrford IntPairCorr
  0.97PISQX Columbia Pyrford IntPairCorr
  0.97AQEAX Columbia DisciplinedPairCorr
  0.96SVLCX Columbia Select LargePairCorr
  0.95NSGAX Columbia Select LargePairCorr
  0.97UMLAX Columbia Select LargePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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