Columbia Emerging Correlations

Mutual Funds . USA . 
Fund . Columbia Emerging Markets
CEKYX Fund  USD 15.45  0.05  0.32%   
The current 90-days correlation between Columbia Emerging Markets and Ab Small Cap is 0.6 (i.e., Poor 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 0.54 (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 manufacturing.

Moving together with Columbia Mutual Fund

  0.83SRINX Columbia Porate IncomePairCorr
  0.92CUSBX Columbia Ultra ShortPairCorr
  0.93CDAZX Multi Manager DirectPairCorr
  0.97CUURX Columbia Small CapPairCorr
  0.97CDDYX Columbia Dividend IncomePairCorr
  0.97CDDRX Columbia Dividend IncomePairCorr
  0.98CDEYX Columbia DiversifiedPairCorr
  0.97CDIRX Columbia Dividend IncomePairCorr
  0.98AMTCX Columbia Capital AllPairCorr
  0.97CDOZX Columbia DividendPairCorr
  0.97CDOYX Columbia DividendPairCorr
  0.98CVERX Columbia Mid CapPairCorr
  0.98CDVZX Columbia DiversifiedPairCorr
  0.97CVQZX Columbia DisciplinedPairCorr
  0.94CEBYX Columbia Emerging MarketsPairCorr
  0.94CEBRX Columbia Emerging MarketsPairCorr
  0.98CECYX Columbia Large CapPairCorr
  0.97SSVIX Columbia Select SmallerPairCorr
  1.0CEKRX Columbia Emerging MarketsPairCorr
  0.97CEPRX Columbia Income OppoPairCorr
  0.97CEVYX Columbia Global EquityPairCorr
  0.97CEVZX Columbia Global EquityPairCorr
  0.93RPCCX Columbia Capital AllPairCorr
  0.98GEGTX Columbia Large CapPairCorr
  0.97CFCYX Columbia Flexible CapitalPairCorr
  0.94CFCIX Columbia Large CapPairCorr
  0.91CLM Cornerstone StrategicPairCorr
  0.97CFIZX Columbia Flexible CapitalPairCorr
  0.98SCIRX Columbia SeligmanPairCorr
  0.61LIBCX Columbia Total ReturnPairCorr
  0.97CFRZX Columbia Floating RatePairCorr
  0.97CFRYX Columbia Floating RatePairCorr
  0.98SCMIX Columbia SeligmanPairCorr
  0.97CFXRX Columbia Flexible CapitalPairCorr
  0.97APECX Columbia High YieldPairCorr
  0.95CGCYX Columbia Greater China Steady GrowthPairCorr
  0.98CGEZX 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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