Columbia Ultra Correlations

Mutual Funds . USA . 
Fund . Columbia Ultra Short
CUSBX Fund  USD 9.27  0.01  0.11%   
The current 90-days correlation between Columbia Ultra Short and Calamos Dynamic Convertible is 0.1 (i.e., Average diversification). The correlation of Columbia Ultra 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 Ultra Correlation With Market

Significant diversification

The correlation between Columbia Ultra Short and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Ultra Short 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 Ultra Short. 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 bureau of labor statistics.

Moving together with Columbia Mutual Fund

  0.89SRINX Columbia Porate IncomePairCorr
  0.94CDAZX Multi Manager DirectPairCorr
  0.93CUURX Columbia Small CapPairCorr
  0.95CDDYX Columbia Dividend IncomePairCorr
  0.95CDDRX Columbia Dividend IncomePairCorr
  0.94CDEYX Columbia DiversifiedPairCorr
  0.95CDIRX Columbia Dividend IncomePairCorr
  0.96AMTCX Columbia Capital AllPairCorr
  0.96CDOZX Columbia DividendPairCorr
  0.96CDOYX Columbia DividendPairCorr
  0.92CVERX Columbia Mid CapPairCorr
  0.94CDVZX Columbia DiversifiedPairCorr
  0.91CVQZX Columbia DisciplinedPairCorr
  0.94CEBYX Columbia Emerging MarketsPairCorr
  0.94CEBRX Columbia Emerging MarketsPairCorr
  0.94CECYX Columbia Large CapPairCorr
  0.91SSVIX Columbia Select SmallerPairCorr
  0.92CEKYX Columbia Emerging MarketsPairCorr
  0.92CEKRX Columbia Emerging MarketsPairCorr
  0.96CEPRX Columbia Income OppoPairCorr
  0.96CEVYX Columbia Global EquityPairCorr
  0.96CEVZX Columbia Global EquityPairCorr
  0.95RPCCX Columbia Capital AllPairCorr
  0.94GEGTX Columbia Large CapPairCorr
  0.95CFCYX Columbia Flexible CapitalPairCorr
  0.87CFCIX Columbia Large CapPairCorr
  0.95CLM Cornerstone StrategicPairCorr
  0.95CFIZX Columbia Flexible CapitalPairCorr
  0.95SCIRX Columbia SeligmanPairCorr
  0.76LIBCX Columbia Total ReturnPairCorr
  0.97CFRZX Columbia Floating RatePairCorr
  0.97CFRYX Columbia Floating RatePairCorr
  0.95SCMIX Columbia SeligmanPairCorr
  0.95CFXRX Columbia Flexible CapitalPairCorr
  0.96APECX Columbia High YieldPairCorr
  0.8CGCYX Columbia Greater China Steady GrowthPairCorr
  0.91CGEZX Columbia Select GlobalPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
PCNTX
+ 0.99
NCIDX
ARBOX
+ 0.99
NCIDX
PCNTX
+ 0.99
XAVKX
ARBOX
+ 0.99
XAVKX
ARBOX
+ 0.99
PCNTX
XAVKX
+ 0.98
NCIDX
  
High negative correlations   
NCIDX
- 0.15
CCD
ARBOX
- 0.14
CCD
FSAWX
- 0.14
CCD
PCNTX
- 0.11
CCD
XAVKX
- 0.07
CCD

Risk-Adjusted Indicators

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