Columbia Small Correlations

Mutual Funds . USA . 
Fund . Columbia Small Cap
CXXRX Fund  USD 22.38  0.18  0.80%   
The current 90-days correlation between Columbia Small Cap and Alphacentric Lifesci Healthcare is -0.17 (i.e., Good 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 -0.11 (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 metropolitan statistical area.

Moving together with Columbia Mutual Fund

  0.64SRINX Columbia Porate IncomePairCorr
  0.77CUSBX Columbia Ultra ShortPairCorr
  0.73CDAZX Multi Manager DirectPairCorr
  0.84CUURX Columbia Small CapPairCorr
  0.98CDDYX Columbia Dividend IncomePairCorr
  0.73CDDRX Columbia Dividend IncomePairCorr
  0.73CDEYX Columbia DiversifiedPairCorr
  0.71CDIRX Columbia Dividend IncomePairCorr
  0.96AMTCX Columbia Capital AllPairCorr
  0.73CDOZX Columbia DividendPairCorr
  0.73CDOYX Columbia DividendPairCorr
  0.81CVERX Columbia Mid CapPairCorr
  0.98CDVZX Columbia DiversifiedPairCorr
  0.71CVQZX Columbia DisciplinedPairCorr
  0.79CEBYX Columbia Emerging MarketsPairCorr
  0.65CEBRX Columbia Emerging MarketsPairCorr
  0.81CECYX Columbia Large CapPairCorr
  0.71SSVIX Columbia Select SmallerPairCorr
  0.8CEKYX Columbia Emerging MarketsPairCorr
  0.8CEKRX Columbia Emerging MarketsPairCorr
  0.94CEPRX Columbia Income OppoPairCorr
  0.71CEVYX Columbia Global EquityPairCorr
  0.79CEVZX Columbia Global EquityPairCorr
  0.77RPCCX Columbia Capital AllPairCorr
  0.81GEGTX Columbia Large CapPairCorr
  0.81CFCYX Columbia Flexible CapitalPairCorr
  0.75CLM Cornerstone StrategicPairCorr
  0.81CFIZX Columbia Flexible CapitalPairCorr
  0.77SCIRX Columbia SeligmanPairCorr
  0.71CFRZX Columbia Floating RatePairCorr
  0.71CFRYX Columbia Floating RatePairCorr
  0.97SCMIX Columbia SeligmanPairCorr
  0.72CFXRX Columbia Flexible CapitalPairCorr
  0.96APECX Columbia High YieldPairCorr
  0.67CGCYX Columbia Greater China Steady GrowthPairCorr
  0.75CGFYX Columbia Large CapPairCorr

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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