Columbia Overseas Correlations

Mutual Funds . USA . 
Fund . Columbia Overseas Value
COSSX Fund  USD 13.24  0.02  0.15%   
The current 90-days correlation between Columbia Overseas Value and Forum Real Estate is 0.22 (i.e., Modest diversification). The correlation of Columbia Overseas 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 Overseas Correlation With Market

Very weak diversification

The correlation between Columbia Overseas Value and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Overseas Value 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 Overseas Value. 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 state.

Moving together with Columbia Mutual Fund

  0.89SRINX Columbia Porate IncomePairCorr
  0.95CUSBX Columbia Ultra ShortPairCorr
  0.97CDAZX Multi Manager DirectPairCorr
  0.95CUURX Columbia Small CapPairCorr
  0.96CDDYX Columbia Dividend IncomePairCorr
  0.95CDDRX Columbia Dividend IncomePairCorr
  0.96CDEYX Columbia DiversifiedPairCorr
  0.95CDIRX Columbia Dividend IncomePairCorr
  0.98AMTCX Columbia Capital AllPairCorr
  0.69CDOZX Columbia DividendPairCorr
  0.97CDOYX Columbia DividendPairCorr
  0.94CVERX Columbia Mid CapPairCorr
  0.96CDVZX Columbia DiversifiedPairCorr
  0.94CVQZX Columbia DisciplinedPairCorr
  0.96CEBYX Columbia Emerging MarketsPairCorr
  0.61CEBRX Columbia Emerging MarketsPairCorr
  0.96CECYX Columbia Large CapPairCorr
  0.93SSVIX Columbia Select SmallerPairCorr
  0.96CEKYX Columbia Emerging MarketsPairCorr
  0.96CEKRX Columbia Emerging MarketsPairCorr
  0.98CEPRX Columbia Income OppoPairCorr
  0.98CEVYX Columbia Global EquityPairCorr
  0.98CEVZX Columbia Global EquityPairCorr
  0.95RPCCX Columbia Capital AllPairCorr
  0.96GEGTX Columbia Large CapPairCorr
  0.96CFCYX Columbia Flexible CapitalPairCorr
  0.94CFCIX Columbia Large CapPairCorr
  0.96CLM Cornerstone StrategicPairCorr
  0.96CFIZX Columbia Flexible CapitalPairCorr
  0.96SCIRX Columbia SeligmanPairCorr
  0.68LIBCX Columbia Total ReturnPairCorr
  0.96CFRZX Columbia Floating RatePairCorr
  0.96SCMIX Columbia SeligmanPairCorr
  0.96CFXRX Columbia Flexible CapitalPairCorr
  0.98APECX Columbia High YieldPairCorr
  0.85CGCYX Columbia Greater China Steady GrowthPairCorr
  0.95CGEZX 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 Overseas 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 Overseas' 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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