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 Neuberger Berman Income is 0.09 (i.e., Significant 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 -0.2 (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

  0.7SRINX Columbia Porate IncomePairCorr
  0.85CUSBX Columbia Ultra ShortPairCorr
  0.85CDAZX Multi Manager DirectPairCorr
  0.85CUURX Columbia Small CapPairCorr
  0.98CDDYX Columbia Dividend IncomePairCorr
  0.86CDDRX Columbia Dividend IncomePairCorr
  0.71CDEYX Columbia DiversifiedPairCorr
  0.78CDIRX Columbia Dividend IncomePairCorr
  0.99AMTCX Columbia Capital AllPairCorr
  0.74CDOZX Columbia DividendPairCorr
  0.87CDOYX Columbia DividendPairCorr
  0.82CVERX Columbia Mid CapPairCorr
  0.98CDVZX Columbia DiversifiedPairCorr
  0.95CVQZX Columbia DisciplinedPairCorr
  0.87CEBYX Columbia Emerging MarketsPairCorr
  0.68CEBRX Columbia Emerging MarketsPairCorr
  0.84CECYX Columbia Large CapPairCorr
  0.82SSVIX Columbia Select SmallerPairCorr
  0.84CEKYX Columbia Emerging MarketsPairCorr
  0.84CEKRX Columbia Emerging MarketsPairCorr
  0.98CEPRX Columbia Income OppoPairCorr
  0.87CEVZX Columbia Global EquityPairCorr
  0.85RPCCX Columbia Capital AllPairCorr
  0.85GEGTX Columbia Large CapPairCorr
  0.86CFCYX Columbia Flexible CapitalPairCorr
  0.8CLM Cornerstone StrategicPairCorr
  0.86CFIZX Columbia Flexible CapitalPairCorr
  0.77SCIRX Columbia SeligmanPairCorr
  0.68LIBCX Columbia Total ReturnPairCorr
  0.84CFRZX Columbia Floating RatePairCorr
  0.69CFRYX Columbia Floating RatePairCorr
  0.98SCMIX Columbia SeligmanPairCorr
  0.86CFXRX Columbia Flexible CapitalPairCorr
  0.99APECX Columbia High YieldPairCorr
  0.67CGCYX Columbia Greater China Steady GrowthPairCorr
  0.95CGEZX 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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