Columbia Dividend Correlations

Mutual Funds . USA . 
Fund . Columbia Dividend Income
CDIRX Fund  USD 35.17  0.19  0.54%   
The current 90-days correlation between Columbia Dividend Income and Advent Claymore Convertible is 0.74 (i.e., Poor diversification). The correlation of Columbia Dividend 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 Dividend Correlation With Market

Good diversification

The correlation between Columbia Dividend Income and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Dividend Income 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 Dividend Income. 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

  0.85SRINX Columbia Porate IncomePairCorr
  0.95CUSBX Columbia Ultra ShortPairCorr
  0.94CDAZX Multi Manager DirectPairCorr
  0.96CUURX Columbia Small CapPairCorr
  0.98CDDYX Columbia Dividend IncomePairCorr
  1.0CDDRX Columbia Dividend IncomePairCorr
  0.97CDEYX Columbia DiversifiedPairCorr
  0.97AMTCX Columbia Capital AllPairCorr
  0.97CDOZX Columbia DividendPairCorr
  0.97CDOYX Columbia DividendPairCorr
  0.96CVERX Columbia Mid CapPairCorr
  0.97CDVZX Columbia DiversifiedPairCorr
  0.96CVQZX Columbia DisciplinedPairCorr
  0.95CEBYX Columbia Emerging MarketsPairCorr
  0.94CEBRX Columbia Emerging MarketsPairCorr
  0.97CECYX Columbia Large CapPairCorr
  0.95SSVIX Columbia Select SmallerPairCorr
  0.97CEKYX Columbia Emerging MarketsPairCorr
  0.97CEKRX Columbia Emerging MarketsPairCorr
  0.96CEPRX Columbia Income OppoPairCorr
  0.97CEVYX Columbia Global EquityPairCorr
  0.98CEVZX Columbia Global EquityPairCorr
  0.95RPCCX Columbia Capital AllPairCorr
  0.99GEGTX Columbia Large CapPairCorr
  0.99CFCYX Columbia Flexible CapitalPairCorr
  0.92CFCIX Columbia Large CapPairCorr
  0.95CLM Cornerstone StrategicPairCorr
  0.99CFIZX Columbia Flexible CapitalPairCorr
  0.98SCIRX Columbia SeligmanPairCorr
  0.62LIBCX Columbia Total ReturnPairCorr
  0.98CFRZX Columbia Floating RatePairCorr
  0.98CFRYX Columbia Floating RatePairCorr
  0.98SCMIX Columbia SeligmanPairCorr
  0.99CFXRX Columbia Flexible CapitalPairCorr
  0.97APECX Columbia High YieldPairCorr
  0.86CGCYX Columbia Greater China Steady GrowthPairCorr
  0.96CGEZX Columbia Select GlobalPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
NCIDX
+ 0.99
LCFYX
NCIDX
+ 0.98
XAVKX
GCV
+ 0.98
LCFYX
GCV
+ 0.97
NCIDX
LCFYX
+ 0.96
XAVKX
GCV
+ 0.94
XAVKX
  
High negative correlations   
GCV
- 0.34
CCD
LCFYX
- 0.2
CCD
NCIDX
- 0.17
CCD
CCD
- 0.1
XAVKX

Risk-Adjusted Indicators

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