Columbia Small Correlations

Mutual Funds . USA . 
Fund . Columbia Small Cap
CMSCX Fund  USD 29.74  0.03  0.10%   
The current 90-days correlation between Columbia Small Cap and Gold And Precious is 0.01 (i.e., Significant diversification). The correlation of Columbia Small 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 Small Correlation With Market

Good diversification

The correlation between Columbia Small Cap and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Small 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 Small 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 main economic indicators.

Moving together with Columbia Mutual Fund

  0.84CUSBX Columbia Ultra ShortPairCorr
  0.85CDAZX Multi Manager DirectPairCorr
  0.94CUURX Columbia Small CapPairCorr
  0.98CDDYX Columbia Dividend IncomePairCorr
  0.87CDIRX Columbia Dividend IncomePairCorr
  0.62AMTCX Columbia Capital AllPairCorr
  0.84CVERX Columbia Mid CapPairCorr
  0.98CDVZX Columbia DiversifiedPairCorr
  0.83CEBYX Columbia Emerging MarketsPairCorr
  0.62CEBRX Columbia Emerging MarketsPairCorr
  0.98CEKRX Columbia Emerging MarketsPairCorr
  0.61CEVYX Columbia Global EquityPairCorr
  0.61CEVZX Columbia Global EquityPairCorr
  0.62RPCCX Columbia Capital AllPairCorr
  0.62GEGTX Columbia Large CapPairCorr
  0.65CLM Cornerstone StrategicPairCorr
  0.63SCIRX Columbia SeligmanPairCorr
  0.62CFRZX Columbia Floating RatePairCorr
  0.62CFRYX Columbia Floating RatePairCorr
  0.89SCMIX Columbia SeligmanPairCorr
  0.88APECX Columbia High YieldPairCorr
  0.85CGCYX Columbia Greater ChinaPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Small 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 Small'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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