Columbia Mid Correlations

Mutual Funds . USA . 
Fund . Columbia Mid Cap
CMUAX Fund  USD 14.03  0.07  0.50%   
The current 90-days correlation between Columbia Mid Cap and Rbb Fund is 0.87 (i.e., Very poor diversification). The correlation of Columbia Mid 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 Mid Correlation With Market

Almost no diversification

The correlation between Columbia Mid Cap and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Mid 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 Mid 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 nation.

Moving together with Columbia Mutual Fund

  0.77SRIJX Columbia Corporate IncomePairCorr
  0.85CUSOX Columbia Ultra ShortPairCorr
  0.98CDOAX Columbia DividendPairCorr
  0.97ILGCX Columbia Integrated LargePairCorr
  0.97ILGGX Columbia Integrated LargePairCorr
  0.97ILGJX Columbia Integrated LargePairCorr
  0.99SSCVX Columbia Select SmallerPairCorr
  0.98ILVBX Columbia Integrated LargePairCorr
  0.98ILVFX Columbia Integrated LargePairCorr
  0.97CEVAX Columbia Global ValuePairCorr
  0.96IMRFX Columbia Global OppoPairCorr
  0.98CFIGX Columbia Flexible CapitalPairCorr
  0.98CFIAX Columbia Flexible CapitalPairCorr
  0.99LIACX Columbia AcornPairCorr
  0.97SCICX Columbia SeligmanPairCorr
  0.98PHIKX Columbia ConvertiblePairCorr
  0.99INDZX Columbia DiversifiedPairCorr
  0.96INEAX Columbia High YieldPairCorr
  0.78LIIAX Columbia Porate IncomePairCorr
  0.98INUTX Columbia DividendPairCorr
  0.97CGOAX Columbia Small CapPairCorr
  0.92PISDX Columbia Pyrford IntPairCorr
  0.92PISLX Columbia Pyrford IntPairCorr
  0.92PISOX Columbia Pyrford IntPairCorr
  0.92PISJX Columbia Pyrford IntPairCorr
  0.92PISQX Columbia Pyrford IntPairCorr
  0.99AQEAX Columbia DisciplinedPairCorr
  1.0SVLCX Columbia Select LargePairCorr
  0.97UMEBX Columbia Emerging MarketsPairCorr
  0.98NSGAX Columbia Select LargePairCorr
  0.95UMLAX Columbia Select LargePairCorr
  0.71NSMDX Columbia Short DurationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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