Columbia Flexible Correlations

Mutual Funds . USA . 
Fund . Columbia Flexible Capital
CFIAX Fund  USD 14.37  0.06  0.42%   
The current 90-days correlation between Columbia Flexible Capital and Ambrus Core Bond is 0.28 (i.e., Modest 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

Very poor diversification

The correlation between Columbia Flexible Capital 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 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 nation.

Moving together with Columbia Mutual Fund

  0.87SRIJX Columbia Corporate IncomePairCorr
  0.93CUSOX Columbia Ultra ShortPairCorr
  0.99CDOAX Columbia DividendPairCorr
  0.98ILGCX Columbia Integrated LargePairCorr
  0.98ILGGX Columbia Integrated LargePairCorr
  0.98ILGJX Columbia Integrated LargePairCorr
  0.98SSCVX Columbia Select SmallerPairCorr
  0.97ILVBX Columbia Integrated LargePairCorr
  0.97ILVFX Columbia Integrated LargePairCorr
  0.98CEVAX Columbia Global ValuePairCorr
  0.98IMRFX Columbia Global OppoPairCorr
  0.99CFIGX Columbia Flexible CapitalPairCorr
  0.98LIACX Columbia AcornPairCorr
  0.98SCICX Columbia SeligmanPairCorr
  0.98PHIKX Columbia ConvertiblePairCorr
  0.66LIBAX Columbia Total ReturnPairCorr
  0.99INDZX Columbia DiversifiedPairCorr
  0.98INEAX Columbia High YieldPairCorr
  0.87LIIAX Columbia Porate IncomePairCorr
  0.88LITAX Columbia Amt FreePairCorr
  0.87LITCX Columbia Amt FreePairCorr
  0.99INUTX Columbia DividendPairCorr
  0.98CGOAX Columbia Small CapPairCorr
  0.98CGTDX Columbia Global TechPairCorr
  0.91NACMX Columbia Amt FreePairCorr
  0.95PISDX Columbia Pyrford IntPairCorr
  0.95PISLX Columbia Pyrford IntPairCorr
  0.95PISOX Columbia Pyrford IntPairCorr
  0.95PISJX Columbia Pyrford IntPairCorr
  0.95PISQX Columbia Pyrford IntPairCorr
  0.99AQEAX Columbia DisciplinedPairCorr
  0.99SVLCX Columbia Select LargePairCorr
  0.98UMEBX Columbia Emerging MarketsPairCorr
  0.98NSGAX Columbia Select LargePairCorr
  0.98UMLAX Columbia Select LargePairCorr
  0.66UMMDX Columbia BondPairCorr

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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