Columbia Large Correlations

CFCIX Fund  USD 13.07  0.05  0.38%   
The current 90-days correlation between Columbia Large Cap and Westcore Municipal Opportunities is -0.11 (i.e., Good diversification). The correlation of Columbia Large 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 Large Correlation With Market

Very poor diversification

The correlation between Columbia Large Cap and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Large Cap 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 Large Cap. 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 gross domestic product.

Moving together with Columbia Mutual Fund

  0.71SRINX Columbia Porate IncomePairCorr
  0.86CUSBX Columbia Ultra ShortPairCorr
  0.94CDAZX Multi Manager DirectPairCorr
  0.93CUURX Columbia Small CapPairCorr
  0.94CDDYX Columbia Dividend IncomePairCorr
  0.9CDDRX Columbia Dividend IncomePairCorr
  0.96CDEYX Columbia DiversifiedPairCorr
  0.9CDIRX Columbia Dividend IncomePairCorr
  0.93AMTCX Columbia Capital AllPairCorr
  0.93CDOZX Columbia DividendPairCorr
  0.93CDOYX Columbia DividendPairCorr
  0.95CVERX Columbia Mid CapPairCorr
  0.96CDVZX Columbia DiversifiedPairCorr
  0.95CVQZX Columbia DisciplinedPairCorr
  0.88CEBYX Columbia Emerging MarketsPairCorr
  0.88CEBRX Columbia Emerging MarketsPairCorr
  0.96CECYX Columbia Large CapPairCorr
  0.93SSVIX Columbia Select SmallerPairCorr
  0.97CEKYX Columbia Emerging MarketsPairCorr
  0.97CEKRX Columbia Emerging MarketsPairCorr
  0.94CEPRX Columbia Income OppoPairCorr
  0.95CEVYX Columbia Global EquityPairCorr
  0.95CEVZX Columbia Global EquityPairCorr
  0.85RPCCX Columbia Capital AllPairCorr
  0.95GEGTX Columbia Large CapPairCorr
  0.93CFCYX Columbia Flexible CapitalPairCorr
  0.83CLM Cornerstone StrategicPairCorr
  0.93CFIZX Columbia Flexible CapitalPairCorr
  0.94SCIRX Columbia SeligmanPairCorr
  0.97CFRZX Columbia Floating RatePairCorr
  0.97CFRYX Columbia Floating RatePairCorr
  0.94SCMIX Columbia SeligmanPairCorr
  0.93CFXRX Columbia Flexible CapitalPairCorr
  0.93APECX Columbia High YieldPairCorr
  0.91CGCYX Columbia Greater ChinaPairCorr
  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 Large 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 Large'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.