Columbia Large Correlations

Mutual Funds . USA . 
Fund . Columbia Large Cap
CCMAX Fund  USD 9.78  0.02  0.20%   
The current 90-days correlation between Columbia Large Cap and Conestoga Micro Cap is 0.76 (i.e., Poor diversification). The correlation of Columbia Large 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 Large Correlation With Market

Very poor diversification

The correlation between Columbia Large Cap and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Large Cap 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 Large Cap. 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

  0.88CMCMX Conestoga Micro CapPairCorr
  0.88CMIRX Conestoga Micro CapPairCorr
  0.94CCASX Conestoga Small CapPairCorr
  0.96CCSMX Conestoga Smid CapPairCorr
  0.95CCSGX Conestoga Smid CapPairCorr
  0.9PAMCX T Rowe PricePairCorr
  0.9RRMGX T Rowe PricePairCorr
  0.9TRQZX T Rowe PricePairCorr
  0.9RPMGX T Rowe PricePairCorr
  0.89PRJIX T Rowe PricePairCorr
  0.89PRNHX T Rowe PricePairCorr
  0.88TRUZX T Rowe PricePairCorr
  0.91PCBIX Midcap Fund InstitutionalPairCorr
  0.91PEMGX Midcap Fund ClassPairCorr
  0.92PMBCX Midcap Fund ClassPairCorr
  0.85VTSAX Vanguard Total StockPairCorr
  0.85VFIAX Vanguard 500 IndexPairCorr
  0.85VTSMX Vanguard Total StockPairCorr
  0.85VSMPX Vanguard Total StockPairCorr
  0.85VSTSX Vanguard Total StockPairCorr
  0.85VITSX Vanguard Total StockPairCorr
  0.85VFINX Vanguard 500 IndexPairCorr
  0.85VFFSX Vanguard 500 IndexPairCorr
  0.84VGTSX Vanguard Total InterPairCorr
  0.84VTIAX Vanguard Total InterPairCorr
  0.87GVALX Gotham Large ValuePairCorr
  0.72PPILX Deutsche Short DurationPairCorr
  0.85MITTX Massachusetts InvestorsPairCorr
  0.91BGEFX Baillie Gifford EafePairCorr
  0.77SENYX Stet New YorkPairCorr
  0.83MMUJX Mfs UtilitiesPairCorr
  0.84VLSMX Valic Company IPairCorr
  0.82FAQTX American Funds 2035PairCorr
  0.85BSPSX Blackrock Sp 500PairCorr
  0.86CNPCX New PerspectivePairCorr
  0.84CYYYX Columbia ThermostatPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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