Columbia Dividend Correlations

Mutual Funds . USA . 
Fund . Columbia Dividend Income
GSFTX Fund  USD 35.17  0.02  0.06%   
The current 90-days correlation between Columbia Dividend Income and Cref Inflation Linked Bond is 0.12 (i.e., Average diversification). The correlation of Columbia Dividend 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 Dividend Correlation With Market

Good diversification

The correlation between Columbia Dividend Income and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Dividend Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Columbia Dividend Income. 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 estimate.

Moving together with Columbia Mutual Fund

  0.84CUSBX Columbia Ultra ShortPairCorr
  0.63CDAZX Multi Manager DirectPairCorr
  0.61CUURX Columbia Small CapPairCorr
  0.64CDDYX Columbia Dividend IncomePairCorr
  0.87CDDRX Columbia Dividend IncomePairCorr
  0.69CDIRX Columbia Dividend IncomePairCorr
  0.86AMTCX Columbia Capital AllPairCorr
  0.67CDOZX Columbia DividendPairCorr
  0.87CDOYX Columbia DividendPairCorr
  0.99CVERX Columbia Mid CapPairCorr
  1.0CDVZX Columbia DiversifiedPairCorr
  0.87CVQZX Columbia DisciplinedPairCorr
  0.65CEBYX Columbia Emerging MarketsPairCorr
  0.66CEBRX Columbia Emerging MarketsPairCorr
  0.99CECYX Columbia Large CapPairCorr
  0.85SSVIX Columbia Select SmallerPairCorr
  0.85CEKYX Columbia Emerging MarketsPairCorr
  0.97CEKRX Columbia Emerging MarketsPairCorr
  0.97CEPRX Columbia Income OppoPairCorr
  0.85CEVYX Columbia Global EquityPairCorr
  0.98CEVZX Columbia Global EquityPairCorr
  0.83RPCCX Columbia Capital AllPairCorr
  0.86GEGTX Columbia Large CapPairCorr
  0.98CFCYX Columbia Flexible CapitalPairCorr
  0.7CLM Cornerstone Strategic Sell-off TrendPairCorr
  0.99CFIZX Columbia Flexible CapitalPairCorr
  0.69SCIRX Columbia SeligmanPairCorr
  0.85CFRZX Columbia Floating RatePairCorr
  0.65CFRYX Columbia Floating RatePairCorr
  0.98SCMIX Columbia SeligmanPairCorr
  0.86CFXRX Columbia Flexible CapitalPairCorr
  0.88APECX Columbia High YieldPairCorr
  0.85CGEZX 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 Dividend 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 Dividend'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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