Columbia Global Correlations

Mutual Funds . USA . 
Fund . Columbia Global Dividend
CSVFX Fund  USD 21.44  0.07  0.33%   
The current 90-days correlation between Columbia Global Dividend and Boston Partners Small is 0.66 (i.e., Poor diversification). The correlation of Columbia Global 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 Global Correlation With Market

Very weak diversification

The correlation between Columbia Global Dividend and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Global Dividend 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 Global Dividend. 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

  0.84SRINX Columbia Porate IncomePairCorr
  0.92CUSBX Columbia Ultra ShortPairCorr
  0.95CDAZX Multi Manager DirectPairCorr
  0.94CUURX Columbia Small CapPairCorr
  0.95CDDYX Columbia Dividend IncomePairCorr
  0.95CDDRX Columbia Dividend IncomePairCorr
  0.96CDEYX Columbia DiversifiedPairCorr
  0.95CDIRX Columbia Dividend IncomePairCorr
  0.95AMTCX Columbia Capital AllPairCorr
  0.95CDOZX Columbia DividendPairCorr
  0.95CDOYX Columbia DividendPairCorr
  0.95CVERX Columbia Mid CapPairCorr
  0.96CDVZX Columbia DiversifiedPairCorr
  0.95CVQZX Columbia DisciplinedPairCorr
  0.92CEBYX Columbia Emerging MarketsPairCorr
  0.92CEBRX Columbia Emerging MarketsPairCorr
  0.96CECYX Columbia Large CapPairCorr
  0.93SSVIX Columbia Select SmallerPairCorr
  0.96CEKYX Columbia Emerging MarketsPairCorr
  0.96CEKRX Columbia Emerging MarketsPairCorr
  0.96CEPRX Columbia Income OppoPairCorr
  0.96CEVYX Columbia Global EquityPairCorr
  0.96CEVZX Columbia Global EquityPairCorr
  0.91RPCCX Columbia Capital AllPairCorr
  0.96GEGTX Columbia Large CapPairCorr
  0.94CFCYX Columbia Flexible CapitalPairCorr
  0.96CFCIX Columbia Large CapPairCorr
  0.93CLM Cornerstone StrategicPairCorr
  0.94CFIZX Columbia Flexible CapitalPairCorr
  0.94SCIRX Columbia SeligmanPairCorr
  0.94CFRZX Columbia Floating RatePairCorr
  0.95CFRYX Columbia Floating RatePairCorr
  0.94SCMIX Columbia SeligmanPairCorr
  0.94CFXRX Columbia Flexible CapitalPairCorr
  0.96APECX Columbia High YieldPairCorr
  0.89CGCYX 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 Global 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 Global'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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