Columbia High Correlations

Mutual Funds . USA . 
Fund . Columbia High Yield
CHYZX Fund  USD 11.15  0.02  0.18%   
The current 90-days correlation between Columbia High Yield and American Funds Retirement is 0.17 (i.e., Average diversification). The correlation of Columbia High 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 High Correlation With Market

Poor diversification

The correlation between Columbia High Yield and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia High Yield 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 High Yield. 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

  0.92SRINX Columbia Porate IncomePairCorr
  0.97CUSBX Columbia Ultra ShortPairCorr
  0.96CDAZX Multi Manager DirectPairCorr
  0.97CUURX Columbia Small CapPairCorr
  0.98CDDYX Columbia Dividend IncomePairCorr
  0.97CDDRX Columbia Dividend IncomePairCorr
  0.98CDEYX Columbia DiversifiedPairCorr
  0.97CDIRX Columbia Dividend IncomePairCorr
  0.98AMTCX Columbia Capital AllPairCorr
  0.98CDOZX Columbia DividendPairCorr
  0.98CDOYX Columbia DividendPairCorr
  0.96CVERX Columbia Mid CapPairCorr
  0.98CDVZX Columbia DiversifiedPairCorr
  0.96CVQZX Columbia DisciplinedPairCorr
  0.98CEBYX Columbia Emerging MarketsPairCorr
  0.97CEBRX Columbia Emerging MarketsPairCorr
  0.98CECYX Columbia Large CapPairCorr
  0.95SSVIX Columbia Select SmallerPairCorr
  0.97CEKYX Columbia Emerging MarketsPairCorr
  0.97CEKRX Columbia Emerging MarketsPairCorr
  0.99CEPRX Columbia Income OppoPairCorr
  0.99CEVYX Columbia Global EquityPairCorr
  0.99CEVZX Columbia Global EquityPairCorr
  0.97RPCCX Columbia Capital AllPairCorr
  0.98GEGTX Columbia Large CapPairCorr
  0.99CFCYX Columbia Flexible CapitalPairCorr
  0.9CFCIX Columbia Large CapPairCorr
  0.97CLM Cornerstone StrategicPairCorr
  0.99CFIZX Columbia Flexible CapitalPairCorr
  0.98SCIRX Columbia SeligmanPairCorr
  0.72LIBCX Columbia Total ReturnPairCorr
  0.98CFRZX Columbia Floating RatePairCorr
  0.98CFRYX Columbia Floating RatePairCorr
  0.98SCMIX Columbia SeligmanPairCorr
  0.99CFXRX Columbia Flexible CapitalPairCorr
  0.99APECX Columbia High YieldPairCorr
  0.85CGCYX Columbia Greater ChinaPairCorr
  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 High 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 High'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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