Vy(r) Columbia Correlations

Mutual Funds . USA . 
Fund . Vy Umbia Contrarian
ISFIX Fund  USD 18.44  0.16  0.88%   
The current 90-days correlation between Vy Umbia Contrarian and Glg Intl Small is 0.98 (i.e., Almost no diversification). The correlation of Vy(r) Columbia 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.

Vy(r) Columbia Correlation With Market

Almost no diversification

The correlation between Vy Umbia Contrarian and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vy Umbia Contrarian 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 Vy Umbia Contrarian. 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 gross domestic product.

Moving together with Vy(r) Mutual Fund

  0.79ILBPX Voya Limited MaturityPairCorr
  0.82ILMBX Voya Limited MaturityPairCorr
  0.77IMBAX Voya Limited MaturityPairCorr
  0.95IMCVX Voya Multi ManagerPairCorr
  0.98IMOPX Voya Midcap OpportunitiesPairCorr
  0.98IMORX Voya Midcap OpportunitiesPairCorr
  0.98IMOWX Voya Midcap OpportunitiesPairCorr
  0.98IMOZX Voya Midcap OpportunitiesPairCorr
  0.97IMYCX Voya High YieldPairCorr
  1.0INGIX Voya Stock IndexPairCorr
  0.61INGBX Voya Global BondPairCorr
  0.99VPISX Voya Index SolutionPairCorr
  0.94INTIX Voya International IndexPairCorr
  0.93VPRDX Voya Morgan StanleyPairCorr
  1.0VPRAX Voya T RowePairCorr
  0.99VPSSX Voya Index SolutionPairCorr
  0.98VPRSX Voya Jpmorgan SmallPairCorr
  0.99VPSAX Voya Index SolutionPairCorr
  0.99IOGPX Vy Oppenheimer GlobalPairCorr
  0.71IOSAX Voya Global BondPairCorr
  0.72IOSIX Voya Global BondPairCorr
  0.73IOSSX Voya Global BondPairCorr
  0.96NAPIX Voya Multi ManagerPairCorr
  0.96NARCX Voya Multi ManagerPairCorr
  0.95NAWCX Voya Global EquityPairCorr
  0.95NAWGX Voya Global EquityPairCorr
  0.95NAWIX Voya Global EquityPairCorr
  0.99IPARX Voya Global PerspectivesPairCorr
  0.96IPEAX Voya Large CapPairCorr
  0.97IPEIX Voya Large CapPairCorr
  0.96IPESX Voya Large CapPairCorr
  0.96IPETX Voya Large CapPairCorr
  0.97IPIMX Voya High YieldPairCorr
  0.99IPIRX Voya Global PerspectivesPairCorr
  0.97IPHYX Voya High YieldPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Vy(r) Mutual Fund performing well and Vy(r) Columbia 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 Vy(r) Columbia'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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