Columbia Mid Correlations

Mutual Funds . USA . 
Fund . Columbia Mid Cap
NAMAX Fund  USD 14.18  0.03  0.21%   
The current 90-days correlation between Columbia Mid Cap and Old Westbury Large is -0.05 (i.e., Good diversification). The correlation of Columbia Mid 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 Mid Correlation With Market

Good diversification

The correlation between Columbia Mid Cap and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Mid Cap 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 Mid Cap. 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

  0.64CUSBX Columbia Ultra ShortPairCorr
  0.63CDAZX Multi Manager DirectPairCorr
  0.61CUURX Columbia Small CapPairCorr
  0.66CDDYX Columbia Dividend IncomePairCorr
  0.99CDDRX Columbia Dividend IncomePairCorr
  0.62CDEYX Columbia DiversifiedPairCorr
  0.66CDIRX Columbia Dividend IncomePairCorr
  0.97AMTCX Columbia Capital AllPairCorr
  0.64CDOZX Columbia DividendPairCorr
  0.98CDOYX Columbia DividendPairCorr
  0.62CDVZX Columbia DiversifiedPairCorr
  0.99CVQZX Columbia DisciplinedPairCorr
  0.61CEBRX Columbia Emerging MarketsPairCorr
  0.99CECYX Columbia Large CapPairCorr
  0.99SSVIX Columbia Select SmallerPairCorr
  0.96CEVYX Columbia Global EquityPairCorr
  0.62CEVZX Columbia Global EquityPairCorr
  0.91RPCCX Columbia Capital AllPairCorr
  0.63GEGTX Columbia Large CapPairCorr
  0.98CFCYX Columbia Flexible CapitalPairCorr
  0.68CLM Cornerstone StrategicPairCorr
  0.63CFIZX Columbia Flexible CapitalPairCorr
  0.98SCIRX Columbia SeligmanPairCorr
  0.97CFRZX Columbia Floating RatePairCorr
  0.62CFRYX Columbia Floating RatePairCorr
  0.66SCMIX Columbia SeligmanPairCorr
  0.63CFXRX Columbia Flexible CapitalPairCorr
  0.97CGEZX Columbia Select GlobalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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