Columbia Global Correlations

Mutual Funds . USA . 
Fund . Columbia Global Equity
CEVYX Fund  USD 12.70  0.01  0.08%   
The current 90-days correlation between Columbia Global Equity and Transamerica Asset Allocation is -0.01 (i.e., Good diversification). The correlation of Columbia Global 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 Global Correlation With Market

Good diversification

The correlation between Columbia Global Equity and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Global 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 Global 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

  0.64SRINX Columbia Porate IncomePairCorr
  0.96CUSBX Columbia Ultra ShortPairCorr
  0.69CDAZX Multi Manager DirectPairCorr
  0.67CDDYX Columbia Dividend IncomePairCorr
  0.98CDDRX Columbia Dividend IncomePairCorr
  0.62CDEYX Columbia DiversifiedPairCorr
  0.66CDIRX Columbia Dividend IncomePairCorr
  0.99AMTCX Columbia Capital AllPairCorr
  0.65CDOZX Columbia DividendPairCorr
  0.99CDOYX Columbia DividendPairCorr
  0.96CVERX Columbia Mid CapPairCorr
  0.98CDVZX Columbia DiversifiedPairCorr
  0.95CVQZX Columbia DisciplinedPairCorr
  0.98CEBYX Columbia Emerging MarketsPairCorr
  0.66CEBRX Columbia Emerging MarketsPairCorr
  0.98CECYX Columbia Large CapPairCorr
  0.94SSVIX Columbia Select SmallerPairCorr
  0.96CEKYX Columbia Emerging MarketsPairCorr
  0.96CEKRX Columbia Emerging MarketsPairCorr
  0.98CEPRX Columbia Income OppoPairCorr
  1.0CEVZX Columbia Global EquityPairCorr
  0.97RPCCX Columbia Capital AllPairCorr
  0.98GEGTX Columbia Large CapPairCorr
  0.99CFCYX Columbia Flexible CapitalPairCorr
  0.74CLM Cornerstone StrategicPairCorr
  0.99CFIZX Columbia Flexible CapitalPairCorr
  0.67SCIRX Columbia SeligmanPairCorr
  0.66LIBCX Columbia Total ReturnPairCorr
  0.96CFRZX Columbia Floating RatePairCorr
  0.62CFRYX Columbia Floating RatePairCorr
  0.98SCMIX Columbia SeligmanPairCorr
  0.99CFXRX Columbia Flexible CapitalPairCorr
  0.98APECX Columbia High YieldPairCorr
  0.94CGEZX 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 Global 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 Global'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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