Columbia Large Correlations

Mutual Funds . USA . 
Fund . Columbia Large Cap
CLWFX Fund  USD 81.98  0.52  0.64%   
The current 90-days correlation between Columbia Large Cap and Global Technology Portfolio is 0.96 (i.e., Almost no diversification). The correlation of Columbia Large 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 Large Correlation With Market

Very poor diversification

The correlation between Columbia Large Cap and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Large Cap 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 Large Cap. 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 census.

Moving together with Columbia Mutual Fund

  0.87SRINX Columbia Porate IncomePairCorr
  0.94CUSBX Columbia Ultra ShortPairCorr
  0.96CDAZX Multi Manager DirectPairCorr
  0.98CUURX Columbia Small CapPairCorr
  0.99CDDYX Columbia Dividend IncomePairCorr
  0.99CDDRX Columbia Dividend IncomePairCorr
  0.99CDEYX Columbia DiversifiedPairCorr
  0.97CDIRX Columbia Dividend IncomePairCorr
  0.98AMTCX Columbia Capital AllPairCorr
  0.98CDOZX Columbia DividendPairCorr
  0.98CDOYX Columbia DividendPairCorr
  0.98CVERX Columbia Mid CapPairCorr
  0.99CDVZX Columbia DiversifiedPairCorr
  0.98CVQZX Columbia DisciplinedPairCorr
  0.95CEBYX Columbia Emerging MarketsPairCorr
  0.94CEBRX Columbia Emerging MarketsPairCorr
  1.0CECYX Columbia Large CapPairCorr
  0.97SSVIX Columbia Select SmallerPairCorr
  0.97CEKYX Columbia Emerging MarketsPairCorr
  0.97CEKRX Columbia Emerging MarketsPairCorr
  0.97CEPRX Columbia Income OppoPairCorr
  0.98CEVYX Columbia Global EquityPairCorr
  0.98CEVZX Columbia Global EquityPairCorr
  0.94RPCCX Columbia Capital AllPairCorr
  1.0GEGTX Columbia Large CapPairCorr
  0.98CFCYX Columbia Flexible CapitalPairCorr
  0.94CFCIX Columbia Large CapPairCorr
  0.93CLM Cornerstone StrategicPairCorr
  0.98CFIZX Columbia Flexible CapitalPairCorr
  0.99SCIRX Columbia SeligmanPairCorr
  0.67LIBCX Columbia Total ReturnPairCorr
  0.98CFRZX Columbia Floating RatePairCorr
  0.98CFRYX Columbia Floating RatePairCorr
  0.99SCMIX Columbia SeligmanPairCorr
  0.98CFXRX Columbia Flexible CapitalPairCorr
  0.97APECX Columbia High YieldPairCorr
  0.9CGCYX Columbia Greater China Steady GrowthPairCorr
  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 Large 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 Large'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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