Columbia Amt Correlations

Mutual Funds . USA . 
Fund . Columbia Amt Free Intermediate
LITCX Fund  USD 9.29  0.01  0.11%   
The current 90-days correlation between Columbia Amt Free and Allianzgi Diversified Income is 0.22 (i.e., Modest diversification). The correlation of Columbia Amt 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 Amt Correlation With Market

Modest diversification

The correlation between Columbia Amt Free Intermediate and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Amt Free Intermediate 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 Amt Free Intermediate. 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
  0.86CUSOX Columbia Ultra ShortPairCorr
  0.88CDOAX Columbia DividendPairCorr
  0.86ILGCX Columbia Integrated LargePairCorr
  0.86ILGGX Columbia Integrated LargePairCorr
  0.86ILGJX Columbia Integrated LargePairCorr
  0.88SSCVX Columbia Select SmallerPairCorr
  0.9ILVBX Columbia Integrated LargePairCorr
  0.89ILVFX Columbia Integrated LargePairCorr
  0.82LHIAX Columbia High YieldPairCorr
  0.86CEVAX Columbia Global ValuePairCorr
  0.87IMNTX Columbia Minnesota TaxPairCorr
  0.88IMRFX Columbia Global OppoPairCorr
  0.88CFIGX Columbia Flexible CapitalPairCorr
  0.87CFIAX Columbia Flexible CapitalPairCorr
  0.87LIACX Columbia AcornPairCorr
  0.86SCICX Columbia SeligmanPairCorr
  0.86PHIKX Columbia ConvertiblePairCorr
  0.77LIBAX Columbia Total ReturnPairCorr
  0.87INDZX Columbia DiversifiedPairCorr
  0.9INEAX Columbia High YieldPairCorr
  0.86LIIAX Columbia Porate IncomePairCorr
  0.99LITAX Columbia Amt FreePairCorr
  0.88INUTX Columbia DividendPairCorr
  0.85CGOAX Columbia Small CapPairCorr
  0.86CGTDX Columbia Global TechPairCorr
  0.99NACMX Columbia Amt FreePairCorr
  0.85PISDX Columbia Pyrford IntPairCorr
  0.85PISLX Columbia Pyrford IntPairCorr
  0.85PISOX Columbia Pyrford IntPairCorr
  0.85PISJX Columbia Pyrford IntPairCorr
  0.85PISQX Columbia Pyrford IntPairCorr
  0.86AQEAX Columbia DisciplinedPairCorr
  0.89SVLCX Columbia Select LargePairCorr
  0.85UMEBX Columbia Emerging MarketsPairCorr
  0.84NSGAX Columbia Select LargePairCorr
  0.86UMLAX Columbia Select LargePairCorr
  0.76UMMDX Columbia BondPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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