Columbia Flexible Correlations

Mutual Funds . USA . 
Fund . Columbia Flexible Capital
CFCYX Fund  USD 14.28  0.06  0.42%   
The current 90-days correlation between Columbia Flexible Capital and Ultra Short Term Fixed is 0.03 (i.e., Significant diversification). The correlation of Columbia Flexible 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 Flexible Correlation With Market

Good diversification

The correlation between Columbia Flexible Capital and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Flexible Capital 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 Flexible Capital. 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
  0.95CUSBX Columbia Ultra ShortPairCorr
  0.75CDAZX Multi Manager DirectPairCorr
  0.71CUURX Columbia Small CapPairCorr
  0.76CDDYX Columbia Dividend IncomePairCorr
  0.99CDDRX Columbia Dividend IncomePairCorr
  0.72CDEYX Columbia DiversifiedPairCorr
  0.76CDIRX Columbia Dividend IncomePairCorr
  0.99AMTCX Columbia Capital AllPairCorr
  0.74CDOZX Columbia DividendPairCorr
  1.0CDOYX Columbia DividendPairCorr
  0.69CVERX Columbia Mid CapPairCorr
  0.72CDVZX Columbia DiversifiedPairCorr
  0.96CVQZX Columbia DisciplinedPairCorr
  0.73CEBYX Columbia Emerging MarketsPairCorr
  0.73CEBRX Columbia Emerging MarketsPairCorr
  0.98CECYX Columbia Large CapPairCorr
  0.97SSVIX Columbia Select SmallerPairCorr
  0.97CEKYX Columbia Emerging MarketsPairCorr
  0.67CEKRX Columbia Emerging MarketsPairCorr
  0.98CEPRX Columbia Income OppoPairCorr
  0.99CEVYX Columbia Global EquityPairCorr
  0.99CEVZX Columbia Global EquityPairCorr
  0.97RPCCX Columbia Capital AllPairCorr
  0.98GEGTX Columbia Large CapPairCorr
  0.79CLM Cornerstone StrategicPairCorr
  1.0CFIZX Columbia Flexible CapitalPairCorr
  0.77SCIRX Columbia SeligmanPairCorr
  0.68LIBCX Columbia Total ReturnPairCorr
  0.97CFRZX Columbia Floating RatePairCorr
  0.71CFRYX Columbia Floating RatePairCorr
  0.77SCMIX Columbia SeligmanPairCorr
  1.0CFXRX Columbia Flexible CapitalPairCorr
  0.99APECX Columbia High YieldPairCorr
  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 Flexible 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 Flexible'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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