Columbia High Correlations

Mutual Funds . USA . 
Fund . Columbia High Yield
INEAX Fund  USD 11.12  0.01  0.09%   
The current 90-days correlation between Columbia High Yield and Vanguard Global Equity is 0.63 (i.e., Poor diversification). The correlation of Columbia High 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 High Correlation With Market

Very weak diversification

The correlation between Columbia High Yield and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia High Yield 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 High Yield. 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 nation.

Moving together with Columbia Mutual Fund

  0.67SRIJX Columbia Corporate IncomePairCorr
  0.96CUSOX Columbia Ultra ShortPairCorr
  0.98CDOAX Columbia DividendPairCorr
  0.98ILGCX Columbia Integrated LargePairCorr
  0.98ILGGX Columbia Integrated LargePairCorr
  0.98ILGJX Columbia Integrated LargePairCorr
  0.64SSCVX Columbia Select SmallerPairCorr
  0.96ILVFX Columbia Integrated LargePairCorr
  0.7CEVAX Columbia Global ValuePairCorr
  0.99IMRFX Columbia Global OppoPairCorr
  0.98CFIAX Columbia Flexible CapitalPairCorr
  0.82LIACX Columbia AcornPairCorr
  0.98SCICX Columbia SeligmanPairCorr
  0.86PHIKX Columbia ConvertiblePairCorr
  0.72LIBAX Columbia Total ReturnPairCorr
  0.98INDZX Columbia DiversifiedPairCorr
  0.7LIIAX Columbia Porate IncomePairCorr
  0.62LITAX Columbia Amt FreePairCorr
  0.87INUTX Columbia DividendPairCorr
  0.82CGOAX Columbia Small CapPairCorr
  0.87CGTDX Columbia Global TechPairCorr
  0.66NACMX Columbia Amt FreePairCorr
  0.97AQEAX Columbia DisciplinedPairCorr
  0.67SVLCX Columbia Select LargePairCorr
  0.96UMEBX Columbia Emerging MarketsPairCorr
  0.95NSGAX Columbia Select LargePairCorr
  0.97UMLAX Columbia Select LargePairCorr
  0.73NSMDX Columbia Short DurationPairCorr
  0.72NSMMX Columbia Short TermPairCorr
  0.96NSTRX Columbia Short TermPairCorr
  0.7NBGDX Columbia Capital AllocPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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