Columbia Integrated Correlations

ILGCX Fund  USD 22.50  0.05  0.22%   
The current 90-days correlation between Columbia Integrated Large and Small Cap Stock is 0.07 (i.e., Significant diversification). The correlation of Columbia Integrated 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 Integrated Correlation With Market

Significant diversification

The correlation between Columbia Integrated Large and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Integrated Large 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 Integrated Large. 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 main economic indicators.

Moving together with Columbia Mutual Fund

  0.65SRIJX Columbia Corporate IncomePairCorr
  0.91CUSOX Columbia Ultra ShortPairCorr
  0.97CDOAX Columbia DividendPairCorr
  0.84ILGGX Columbia Integrated LargePairCorr
  1.0ILGJX Columbia Integrated LargePairCorr
  0.7SSCVX Columbia Select SmallerPairCorr
  0.74ILVBX Columbia Integrated LargePairCorr
  0.97ILVFX Columbia Integrated LargePairCorr
  0.73CEVAX Columbia Global ValuePairCorr
  0.73CFIGX Columbia Flexible CapitalPairCorr
  0.98CFIAX Columbia Flexible CapitalPairCorr
  0.99LIACX Columbia AcornPairCorr
  0.99SCICX Columbia SeligmanPairCorr
  0.97PHIKX Columbia ConvertiblePairCorr
  0.61LIBAX Columbia Total ReturnPairCorr
  0.99INDZX Columbia DiversifiedPairCorr
  0.98INEAX Columbia High YieldPairCorr
  0.65LIIAX Columbia Porate IncomePairCorr
  0.64LITAX Columbia Amt FreePairCorr
  0.62LITCX Columbia Amt FreePairCorr
  0.97INUTX Columbia DividendPairCorr
  0.81CGOAX Columbia Small CapPairCorr
  0.99CGTDX Columbia Global TechPairCorr
  0.68NACMX Columbia Amt FreePairCorr
  0.61PISDX Columbia Pyrford IntPairCorr
  0.61PISLX Columbia Pyrford IntPairCorr
  0.61PISOX Columbia Pyrford IntPairCorr
  0.61PISQX Columbia Pyrford IntPairCorr
  1.0AQEAX Columbia DisciplinedPairCorr
  0.73SVLCX Columbia Select LargePairCorr
  0.98UMEBX Columbia Emerging MarketsPairCorr
  0.99NSGAX Columbia Select LargePairCorr
  0.72NSMDX Columbia Short DurationPairCorr
  0.71NSMMX Columbia Short TermPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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