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 Gabelli Global Financial is 0.12 (i.e., Average 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

Very weak diversification

The correlation between Columbia Emerging Markets and DJI is 0.48 (i.e., Very weak 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

  0.95SRINX Columbia Porate IncomePairCorr
  0.95CUSBX Columbia Ultra ShortPairCorr
  0.95CDAZX Multi Manager DirectPairCorr
  0.95CUURX Columbia Small CapPairCorr
  0.95CDDYX Columbia Dividend IncomePairCorr
  0.94CDDRX Columbia Dividend IncomePairCorr
  0.95CDEYX Columbia DiversifiedPairCorr
  0.94CDIRX Columbia Dividend IncomePairCorr
  0.98AMTCX Columbia Capital AllPairCorr
  0.97CDOZX Columbia DividendPairCorr
  0.97CDOYX Columbia DividendPairCorr
  0.93CVERX Columbia Mid CapPairCorr
  0.95CDVZX Columbia DiversifiedPairCorr
  0.92CVQZX Columbia DisciplinedPairCorr
  0.98CEBYX Columbia Emerging MarketsPairCorr
  0.95CECYX Columbia Large CapPairCorr
  0.93SSVIX Columbia Select SmallerPairCorr
  0.94CEKYX Columbia Emerging MarketsPairCorr
  0.94CEKRX Columbia Emerging MarketsPairCorr
  0.97CEPRX Columbia Income OppoPairCorr
  0.98CEVYX Columbia Global EquityPairCorr
  0.97CEVZX Columbia Global EquityPairCorr
  0.97RPCCX Columbia Capital AllPairCorr
  0.94GEGTX Columbia Large CapPairCorr
  0.97CFCYX Columbia Flexible CapitalPairCorr
  0.86CFCIX Columbia Large CapPairCorr
  0.95CLM Cornerstone StrategicPairCorr
  0.97CFIZX Columbia Flexible CapitalPairCorr
  0.97SCIRX Columbia SeligmanPairCorr
  0.78LIBCX Columbia Total ReturnPairCorr
  0.94CFRZX Columbia Floating RatePairCorr
  0.94CFRYX Columbia Floating RatePairCorr
  0.97SCMIX Columbia SeligmanPairCorr
  0.97CFXRX Columbia Flexible CapitalPairCorr
  0.98APECX Columbia High YieldPairCorr
  0.8CGCYX Columbia Greater China Steady GrowthPairCorr
  0.91CGEZX 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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