Columbia Limited Correlations

Mutual Funds USA . 
Fund . Columbia Limited Duration
CLDYX Fund  USD 9.93  0.01  0.10%   
The current 90-days correlation between Columbia Limited Duration and Franklin Adjustable Government is 0.12 (i.e., Average diversification). The correlation of Columbia Limited 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 Limited Correlation With Market

Good diversification

The correlation between Columbia Limited Duration and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Limited Duration 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 Limited Duration. 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

  0.91SRINX Columbia Porate IncomePairCorr
  0.96CUSBX Columbia Ultra ShortPairCorr
  0.89CDAZX Multi Manager DirectPairCorr
  0.91CUURX Columbia Small CapPairCorr
  0.91CDDYX Columbia Dividend IncomePairCorr
  0.91CDDRX Columbia Dividend IncomePairCorr
  0.9CDEYX Columbia DiversifiedPairCorr
  0.9CDIRX Columbia Dividend IncomePairCorr
  0.93AMTCX Columbia Capital AllPairCorr
  0.93CDOZX Columbia DividendPairCorr
  0.93CDOYX Columbia DividendPairCorr
  0.89CVERX Columbia Mid CapPairCorr
  0.9CDVZX Columbia DiversifiedPairCorr
  0.88CVQZX Columbia DisciplinedPairCorr
  0.95CEBYX Columbia Emerging MarketsPairCorr
  0.94CEBRX Columbia Emerging MarketsPairCorr
  0.9CECYX Columbia Large CapPairCorr
  0.89SSVIX Columbia Select SmallerPairCorr
  0.89CEKYX Columbia Emerging MarketsPairCorr
  0.89CEKRX Columbia Emerging MarketsPairCorr
  0.94CEPRX Columbia Income OppoPairCorr
  0.94CEVYX Columbia Global EquityPairCorr
  0.94CEVZX Columbia Global EquityPairCorr
  0.96RPCCX Columbia Capital AllPairCorr
  0.9GEGTX Columbia Large CapPairCorr
  0.93CFCYX Columbia Flexible CapitalPairCorr
  0.8CFCIX Columbia Large CapPairCorr
  0.9CLM Cornerstone StrategicPairCorr
  0.93CFIZX Columbia Flexible CapitalPairCorr
  0.91SCIRX Columbia SeligmanPairCorr
  0.77LIBCX Columbia Total ReturnPairCorr
  0.92CFRZX Columbia Floating RatePairCorr
  0.92CFRYX Columbia Floating RatePairCorr
  0.91SCMIX Columbia SeligmanPairCorr
  0.93CFXRX Columbia Flexible CapitalPairCorr
  0.94APECX Columbia High YieldPairCorr
  0.75CGCYX Columbia Greater China Steady GrowthPairCorr
  0.86CGEZX 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 Limited 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 Limited'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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