Columbia Diversified Correlations

CDEYX Fund  USD 17.70  0.04  0.23%   
The current 90-days correlation between Columbia Diversified and Blackrock Financial Institutions is -0.04 (i.e., Good diversification). The correlation of Columbia Diversified 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 Diversified Correlation With Market

Almost no diversification

The correlation between Columbia Diversified Equity and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Diversified Equity 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 Diversified Equity. 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 manufacturing.

Moving together with Columbia Mutual Fund

  0.85SRINX Columbia Porate IncomePairCorr
  0.7CUURX Columbia Small CapPairCorr
  0.74CDDYX Columbia Dividend IncomePairCorr
  0.67CDDRX Columbia Dividend IncomePairCorr
  0.71AMTCX Columbia Capital AllPairCorr
  0.97CDOZX Columbia DividendPairCorr
  0.67CDOYX Columbia DividendPairCorr
  0.64CVERX Columbia Mid CapPairCorr
  0.74CDVZX Columbia DiversifiedPairCorr
  0.75CVQZX Columbia DisciplinedPairCorr
  0.66CEBYX Columbia Emerging MarketsPairCorr
  0.94CEBRX Columbia Emerging MarketsPairCorr
  0.64CECYX Columbia Large CapPairCorr
  0.65SSVIX Columbia Select SmallerPairCorr
  0.63CEKYX Columbia Emerging MarketsPairCorr
  0.63CEKRX Columbia Emerging MarketsPairCorr
  0.74CEPRX Columbia Income OppoPairCorr
  0.71CEVYX Columbia Global EquityPairCorr
  0.63CEVZX Columbia Global EquityPairCorr
  0.62RPCCX Columbia Capital AllPairCorr
  0.65GEGTX Columbia Large CapPairCorr
  0.64CFCYX Columbia Flexible CapitalPairCorr
  0.92CFCIX Columbia Large CapPairCorr
  0.94CLM Cornerstone StrategicPairCorr
  0.64CFIZX Columbia Flexible CapitalPairCorr
  0.97SCIRX Columbia SeligmanPairCorr
  0.62CFRZX Columbia Floating RatePairCorr
  0.97CFRYX Columbia Floating RatePairCorr
  0.71SCMIX Columbia SeligmanPairCorr
  0.64CFXRX Columbia Flexible CapitalPairCorr
  0.74APECX Columbia High YieldPairCorr
  0.74CGEZX Columbia Select GlobalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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