Columbia Floating Correlations

Mutual Funds . USA . 
Fund . Columbia Floating Rate
CFRYX Fund  USD 33.46  0.01  0.03%   
The current 90-days correlation between Columbia Floating Rate and Semiconductor Ultrasector Profund is 0.58 (i.e., Very weak diversification). The correlation of Columbia Floating 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 Floating Correlation With Market

Poor diversification

The correlation between Columbia Floating Rate and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Floating Rate 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 Floating Rate. 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

  0.76SRINX Columbia Porate IncomePairCorr
  0.91CUSBX Columbia Ultra ShortPairCorr
  0.94CDAZX Multi Manager DirectPairCorr
  0.96CUURX Columbia Small CapPairCorr
  0.96CDDYX Columbia Dividend IncomePairCorr
  0.92CDDRX Columbia Dividend IncomePairCorr
  0.97CDEYX Columbia DiversifiedPairCorr
  0.95CDIRX Columbia Dividend IncomePairCorr
  0.95AMTCX Columbia Capital AllPairCorr
  0.94CDOZX Columbia DividendPairCorr
  0.94CDOYX Columbia DividendPairCorr
  0.97CVERX Columbia Mid CapPairCorr
  0.97CDVZX Columbia DiversifiedPairCorr
  0.95CVQZX Columbia DisciplinedPairCorr
  0.91CEBYX Columbia Emerging MarketsPairCorr
  0.91CEBRX Columbia Emerging MarketsPairCorr
  0.97CECYX Columbia Large CapPairCorr
  0.96SSVIX Columbia Select SmallerPairCorr
  0.97CEKYX Columbia Emerging MarketsPairCorr
  0.97CEKRX Columbia Emerging MarketsPairCorr
  0.98CEPRX Columbia Income OppoPairCorr
  0.96CEVYX Columbia Global EquityPairCorr
  0.96CEVZX Columbia Global EquityPairCorr
  0.89RPCCX Columbia Capital AllPairCorr
  0.98GEGTX Columbia Large CapPairCorr
  0.95CFCYX Columbia Flexible CapitalPairCorr
  0.97CFCIX Columbia Large CapPairCorr
  0.86CLM Cornerstone StrategicPairCorr
  0.95CFIZX Columbia Flexible CapitalPairCorr
  0.95SCIRX Columbia SeligmanPairCorr
  1.0CFRZX Columbia Floating RatePairCorr
  0.96SCMIX Columbia SeligmanPairCorr
  0.95CFXRX Columbia Flexible CapitalPairCorr
  0.97APECX 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 Floating 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 Floating'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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