Columbia Flexible Correlations

Mutual Funds . USA . 
Fund . Columbia Flexible Capital
CFIZX Fund  USD 14.36  0.06  0.42%   
The current 90-days correlation between Columbia Flexible Capital and Invesco Energy Fund is 0.48 (i.e., Very weak 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 0.85 (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

  0.9SRINX Columbia Porate IncomePairCorr
  0.95CUSBX Columbia Ultra ShortPairCorr
  0.95CDAZX Multi Manager DirectPairCorr
  0.99CUURX Columbia Small CapPairCorr
  0.99CDDYX Columbia Dividend IncomePairCorr
  0.99CDDRX Columbia Dividend IncomePairCorr
  0.99CDEYX Columbia DiversifiedPairCorr
  0.99CDIRX Columbia Dividend IncomePairCorr
  0.99AMTCX Columbia Capital AllPairCorr
  1.0CDOZX Columbia DividendPairCorr
  1.0CDOYX Columbia DividendPairCorr
  0.98CVERX Columbia Mid CapPairCorr
  0.99CDVZX Columbia DiversifiedPairCorr
  0.97CVQZX Columbia DisciplinedPairCorr
  0.98CEBYX Columbia Emerging MarketsPairCorr
  0.98CEBRX Columbia Emerging MarketsPairCorr
  0.99CECYX Columbia Large CapPairCorr
  0.98SSVIX Columbia Select SmallerPairCorr
  0.97CEKYX Columbia Emerging MarketsPairCorr
  0.97CEKRX Columbia Emerging MarketsPairCorr
  0.98CEPRX Columbia Income OppoPairCorr
  0.99CEVYX Columbia Global EquityPairCorr
  0.99CEVZX Columbia Global EquityPairCorr
  0.97RPCCX Columbia Capital AllPairCorr
  0.99GEGTX Columbia Large CapPairCorr
  1.0CFCYX Columbia Flexible CapitalPairCorr
  0.91CFCIX Columbia Large CapPairCorr
  0.95CLM Cornerstone StrategicPairCorr
  0.99SCIRX Columbia SeligmanPairCorr
  0.7LIBCX Columbia Total ReturnPairCorr
  0.98CFRZX Columbia Floating RatePairCorr
  0.98CFRYX Columbia Floating RatePairCorr
  0.99SCMIX Columbia SeligmanPairCorr
  1.0CFXRX Columbia Flexible CapitalPairCorr
  0.99APECX Columbia High YieldPairCorr
  0.87CGCYX Columbia Greater China Steady GrowthPairCorr
  0.96CGEZX 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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