Columbia Emerging Correlations

Mutual Funds . USA . 
Fund . Columbia Emerging Markets
CEBRX Fund  USD 9.69  0.02  0.21%   
The current 90-days correlation between Columbia Emerging Markets and M Large Cap is 0.09 (i.e., Significant diversification). The correlation of Columbia Emerging 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 Emerging Correlation With Market

Significant diversification

The correlation between Columbia Emerging Markets and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Emerging Markets 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 Emerging Markets. 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

  0.92SRINX Columbia Porate IncomePairCorr
  0.92CUSBX Columbia Ultra ShortPairCorr
  0.87CDAZX Multi Manager DirectPairCorr
  0.91CUURX Columbia Small CapPairCorr
  0.88CDDYX Columbia Dividend IncomePairCorr
  0.92CDDRX Columbia Dividend IncomePairCorr
  0.89CDEYX Columbia DiversifiedPairCorr
  0.92CDIRX Columbia Dividend IncomePairCorr
  0.95AMTCX Columbia Capital AllPairCorr
  0.91CDOZX Columbia DividendPairCorr
  0.91CDOYX Columbia DividendPairCorr
  0.88CVERX Columbia Mid CapPairCorr
  0.89CDVZX Columbia DiversifiedPairCorr
  0.87CVQZX Columbia DisciplinedPairCorr
  0.97CEBYX Columbia Emerging MarketsPairCorr
  0.88CECYX Columbia Large CapPairCorr
  0.88SSVIX Columbia Select SmallerPairCorr
  0.89CEKYX Columbia Emerging MarketsPairCorr
  0.89CEKRX Columbia Emerging MarketsPairCorr
  0.94CEPRX Columbia Income OppoPairCorr
  0.91CEVYX Columbia Global EquityPairCorr
  0.91CEVZX Columbia Global EquityPairCorr
  0.97RPCCX Columbia Capital AllPairCorr
  0.9GEGTX Columbia Large CapPairCorr
  0.94CFCYX Columbia Flexible CapitalPairCorr
  0.84CFCIX Columbia Large CapPairCorr
  0.83CLM Cornerstone StrategicPairCorr
  0.94CFIZX Columbia Flexible CapitalPairCorr
  0.9SCIRX Columbia SeligmanPairCorr
  0.7LIBCX Columbia Total ReturnPairCorr
  0.88CFRZX Columbia Floating RatePairCorr
  0.88CFRYX Columbia Floating RatePairCorr
  0.9SCMIX Columbia SeligmanPairCorr
  0.94CFXRX Columbia Flexible CapitalPairCorr
  0.96APECX Columbia High YieldPairCorr
  0.82CGCYX Columbia Greater ChinaPairCorr
  0.84CGEZX 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 Emerging 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 Emerging'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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