Columbia Contrarian Correlations

Mutual Funds . USA . 
Fund . Columbia Trarian Core
CCCRX Fund  USD 37.74  0.07  0.19%   
The current 90-days correlation between Columbia Trarian Core and Alger Capital Appreciation is 0.91 (i.e., Almost no diversification). The correlation of Columbia Contrarian 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 Contrarian Correlation With Market

Very poor diversification

The correlation between Columbia Trarian Core 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 Trarian Core 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 Trarian Core. 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 metropolitan statistical area.

Moving together with Columbia Mutual Fund

  0.86SRINX Columbia Porate IncomePairCorr
  0.96CDAZX Multi Manager DirectPairCorr
  0.98CUURX Columbia Small CapPairCorr
  0.99CDDYX Columbia Dividend IncomePairCorr
  1.0CDEYX Columbia DiversifiedPairCorr
  0.99CDIRX Columbia Dividend IncomePairCorr
  0.99AMTCX Columbia Capital AllPairCorr
  0.99CDOYX Columbia DividendPairCorr
  0.99CVERX Columbia Mid CapPairCorr
  1.0CDVZX Columbia DiversifiedPairCorr
  0.98CVQZX Columbia DisciplinedPairCorr
  0.96CEBYX Columbia Emerging MarketsPairCorr
  1.0CECYX Columbia Large CapPairCorr
  0.97SSVIX Columbia Select SmallerPairCorr
  0.98CEKYX Columbia Emerging MarketsPairCorr
  0.98CEKRX Columbia Emerging MarketsPairCorr
  0.98CEPRX Columbia Income OppoPairCorr
  0.99CEVYX Columbia Global EquityPairCorr
  0.96RPCCX Columbia Capital AllPairCorr
  1.0GEGTX Columbia Large CapPairCorr
  0.99CFCYX Columbia Flexible CapitalPairCorr
  0.95CLM Cornerstone StrategicPairCorr
  0.99CFIZX Columbia Flexible CapitalPairCorr
  0.64LIBCX Columbia Total ReturnPairCorr
  0.98CFRZX Columbia Floating RatePairCorr
  1.0SCMIX Columbia SeligmanPairCorr
  0.99CFXRX Columbia Flexible CapitalPairCorr
  0.98APECX Columbia High YieldPairCorr
  0.9CGCYX Columbia Greater China Steady GrowthPairCorr
  0.98CGEZX Columbia Select GlobalPairCorr
  1.0CGFYX Columbia Large CapPairCorr
  0.98CXXRX Columbia Small CapPairCorr
  1.0CGTYX Columbia Seligman GlobalPairCorr
  1.0CGTUX Columbia Global TechPairCorr
  0.99CGTRX Columbia Select LargePairCorr
  1.0CGWRX Columbia Large CapPairCorr
  0.99NAMAX 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 Contrarian 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 Contrarian'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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