Columbia Large Correlations

Mutual Funds . USA . 
Fund . Columbia Large Cap
CLXRX Fund  USD 58.71  0.31  0.53%   
The current 90-days correlation between Columbia Large Cap and Columbia Small Cap is -0.09 (i.e., Good 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 0.8 (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 various price indices.

Moving together with Columbia Mutual Fund

  0.84SRINX Columbia Porate IncomePairCorr
  0.82CDAZX Multi Manager DirectPairCorr
  0.98CUURX Columbia Small CapPairCorr
  0.84CDDYX Columbia Dividend IncomePairCorr
  0.66CDEYX Columbia DiversifiedPairCorr
  0.99CDIRX Columbia Dividend IncomePairCorr
  0.66AMTCX Columbia Capital AllPairCorr
  0.67CDOYX Columbia DividendPairCorr
  0.81CVERX Columbia Mid CapPairCorr
  0.84CDVZX Columbia DiversifiedPairCorr
  0.62CVQZX Columbia DisciplinedPairCorr
  0.83CEBYX Columbia Emerging MarketsPairCorr
  0.68CECYX Columbia Large CapPairCorr
  0.61SSVIX Columbia Select SmallerPairCorr
  0.84CEKRX Columbia Emerging MarketsPairCorr
  0.61CEPRX Columbia Income OppoPairCorr
  0.67CEVYX Columbia Global EquityPairCorr
  0.64RPCCX Columbia Capital AllPairCorr
  0.69GEGTX Columbia Large CapPairCorr
  0.65CFCYX Columbia Flexible CapitalPairCorr
  0.73CLM Cornerstone StrategicPairCorr
  0.65CFIZX Columbia Flexible CapitalPairCorr
  0.64CFRZX Columbia Floating RatePairCorr
  0.86SCMIX Columbia SeligmanPairCorr
  0.65CFXRX Columbia Flexible CapitalPairCorr
  0.7CGCYX Columbia Greater China Steady GrowthPairCorr
  0.61CGEZX Columbia Select GlobalPairCorr
  0.68CGFYX Columbia Large CapPairCorr
  0.81CXXRX Columbia Small CapPairCorr
  0.7CGTYX Columbia Seligman GlobalPairCorr
  0.69CGTUX Columbia Global TechPairCorr
  0.65CGTRX Columbia Select LargePairCorr
  0.84CGWRX Columbia Large CapPairCorr
  0.62NAMAX Columbia Mid CapPairCorr
  0.84UMEMX Columbia Emerging MarketsPairCorr

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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