Columbia Contrarian Correlations

Mutual Funds . USA . 
Fund . Columbia Trarian Core
LCCCX Fund  USD 30.87  0.06  0.19%   
The current 90-days correlation between Columbia Trarian Core and Columbia Small Cap is 0.84 (i.e., Very poor diversification). The correlation of Columbia Contrarian 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 Contrarian Correlation With Market

Very poor diversification

The correlation between Columbia Trarian Core and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Trarian Core and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Columbia Trarian Core. 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

  0.86SRIJX Columbia Corporate IncomePairCorr
  0.94CUSOX Columbia Ultra ShortPairCorr
  0.99CDOAX Columbia DividendPairCorr
  1.0ILGCX Columbia Integrated LargePairCorr
  1.0ILGGX Columbia Integrated LargePairCorr
  1.0ILGJX Columbia Integrated LargePairCorr
  0.97SSCVX Columbia Select SmallerPairCorr
  0.98ILVBX Columbia Integrated LargePairCorr
  0.98ILVFX Columbia Integrated LargePairCorr
  0.99CEVAX Columbia Global ValuePairCorr
  0.99IMRFX Columbia Global OppoPairCorr
  0.99CFIGX Columbia Flexible CapitalPairCorr
  0.99CFIAX Columbia Flexible CapitalPairCorr
  0.99LIACX Columbia AcornPairCorr
  1.0SCICX Columbia SeligmanPairCorr
  0.99PHIKX Columbia ConvertiblePairCorr
  0.66LIBAX Columbia Total ReturnPairCorr
  0.99INDZX Columbia DiversifiedPairCorr
  0.98INEAX Columbia High YieldPairCorr
  0.86LIIAX Columbia Porate IncomePairCorr
  0.88LITAX Columbia Amt FreePairCorr
  0.86LITCX Columbia Amt FreePairCorr
  0.99INUTX Columbia DividendPairCorr
  0.99CGOAX Columbia Small CapPairCorr
  1.0CGTDX Columbia Global TechPairCorr
  0.91NACMX Columbia Amt FreePairCorr
  0.94PISDX Columbia Pyrford IntPairCorr
  0.94PISLX Columbia Pyrford IntPairCorr
  0.94PISOX Columbia Pyrford IntPairCorr
  0.94PISJX Columbia Pyrford IntPairCorr
  0.94PISQX Columbia Pyrford IntPairCorr
  1.0AQEAX Columbia DisciplinedPairCorr
  0.99SVLCX Columbia Select LargePairCorr
  0.98UMEBX Columbia Emerging MarketsPairCorr
  0.99NSGAX Columbia Select LargePairCorr
  0.99UMLAX Columbia Select LargePairCorr
  0.65UMMDX Columbia BondPairCorr
  0.96NSMDX Columbia Short DurationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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