Columbia Balanced Correlations

Mutual Funds . USA . 
Fund . Columbia Balanced Fund
CBLAX Fund  USD 54.41  0.10  0.18%   
The current 90-days correlation between Columbia Balanced and Columbia Trarian Core is 0.98 (i.e., Almost no diversification). The correlation of Columbia Balanced 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 Balanced Correlation With Market

Very poor diversification

The correlation between Columbia Balanced Fund and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Balanced Fund 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 Balanced Fund. 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

  0.89SRIJX Columbia Corporate IncomePairCorr
  0.95CUSOX Columbia Ultra ShortPairCorr
  0.99ILGCX Columbia Integrated LargePairCorr
  0.99ILGGX Columbia Integrated LargePairCorr
  0.97SSCVX Columbia Select SmallerPairCorr
  0.98ILVFX Columbia Integrated LargePairCorr
  0.99IMRFX Columbia Global OppoPairCorr
  0.99CFIGX Columbia Flexible CapitalPairCorr
  0.99CFIAX Columbia Flexible CapitalPairCorr
  0.98LIACX Columbia AcornPairCorr
  0.99SCICX Columbia SeligmanPairCorr
  0.99INDZX Columbia DiversifiedPairCorr
  0.99INEAX Columbia High YieldPairCorr
  0.89LIIAX Columbia Porate IncomePairCorr
  0.89LITAX Columbia Amt FreePairCorr
  0.99INUTX Columbia DividendPairCorr
  0.99CGOAX Columbia Small CapPairCorr
  1.0CGTDX Columbia Global TechPairCorr
  0.93PISJX Columbia Pyrford IntPairCorr
  0.94PISQX Columbia Pyrford IntPairCorr
  0.99AQEAX Columbia DisciplinedPairCorr
  0.99SVLCX Columbia Select LargePairCorr
  0.99UMLAX Columbia Select LargePairCorr
  0.97NSMDX Columbia Short DurationPairCorr
  1.0NBICX Columbia Capital AllPairCorr
  0.97NTIAX Columbia Mid CapPairCorr
  0.99RBBAX Columbia Income BuilderPairCorr
  0.99NCIDX Columbia ConvertiblePairCorr
  0.93LMIAX Columbia Amt FreePairCorr
  1.0SHGTX Columbia Seligman GlobalPairCorr
  1.0SHTCX Columbia Seligman GlobalPairCorr
  1.0NEIAX Columbia Large CapPairCorr
  0.9CLABX Columbia Alternative BetaPairCorr
  0.91CLAAX Columbia Alternative BetaPairCorr
  0.72CLMAX Columbia MortgagePairCorr
  1.0NFEDX Columbia Large CapPairCorr
  0.95NFEAX Columbia Large CapPairCorr
  0.98CMUAX Columbia Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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