Columbia Income Correlations

Mutual Funds . USA . 
Fund . Columbia Income Builder
CIBYX Fund  USD 12.07  0.04  0.33%   
The current 90-days correlation between Columbia Income Builder and Semiconductor Ultrasector Profund is 0.39 (i.e., Weak diversification). The correlation of Columbia Income 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 Income Correlation With Market

Poor diversification

The correlation between Columbia Income Builder and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Income Builder 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 Income Builder. 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

  0.94SRINX Columbia Porate IncomePairCorr
  0.95CUSBX Columbia Ultra ShortPairCorr
  0.96CDAZX Multi Manager DirectPairCorr
  0.97CUURX Columbia Small CapPairCorr
  0.98CDDYX Columbia Dividend IncomePairCorr
  0.96CDDRX Columbia Dividend IncomePairCorr
  0.97CDEYX Columbia DiversifiedPairCorr
  0.96CDIRX Columbia Dividend IncomePairCorr
  0.98AMTCX Columbia Capital AllPairCorr
  0.99CDOZX Columbia DividendPairCorr
  0.99CDOYX Columbia DividendPairCorr
  0.96CVERX Columbia Mid CapPairCorr
  0.97CDVZX Columbia DiversifiedPairCorr
  0.96CVQZX Columbia DisciplinedPairCorr
  0.99CEBYX Columbia Emerging MarketsPairCorr
  0.98CEBRX Columbia Emerging MarketsPairCorr
  0.97CECYX Columbia Large CapPairCorr
  0.95SSVIX Columbia Select SmallerPairCorr
  0.96CEKYX Columbia Emerging MarketsPairCorr
  0.96CEKRX Columbia Emerging MarketsPairCorr
  0.98CEPRX Columbia Income OppoPairCorr
  0.99CEVYX Columbia Global EquityPairCorr
  0.99CEVZX Columbia Global EquityPairCorr
  0.98RPCCX Columbia Capital AllPairCorr
  0.97GEGTX Columbia Large CapPairCorr
  0.99CFCYX Columbia Flexible CapitalPairCorr
  0.87CFCIX Columbia Large CapPairCorr
  0.95CLM Cornerstone StrategicPairCorr
  0.99CFIZX Columbia Flexible CapitalPairCorr
  0.98SCIRX Columbia SeligmanPairCorr
  0.76LIBCX Columbia Total ReturnPairCorr
  0.96CFRZX Columbia Floating RatePairCorr
  0.96CFRYX Columbia Floating RatePairCorr
  0.98SCMIX Columbia SeligmanPairCorr
  0.99CFXRX Columbia Flexible CapitalPairCorr
  0.98APECX Columbia High YieldPairCorr
  0.83CGCYX Columbia Greater ChinaPairCorr
  0.94CGEZX 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 Income 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 Income'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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