Columbia Capital Correlations

Mutual Funds . USA . 
Fund . Columbia Capital Allocation
NBIAX Fund  USD 12.14  0.05  0.41%   
The current 90-days correlation between Columbia Capital All and Morningstar Municipal Bond is -0.07 (i.e., Good diversification). The correlation of Columbia Capital 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 Capital Correlation With Market

Poor diversification

The correlation between Columbia Capital Allocation and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Capital Allocation 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 Capital Allocation. 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

  0.68CUSOX Columbia Ultra ShortPairCorr
  0.67ILGCX Columbia Integrated LargePairCorr
  0.67ILGGX Columbia Integrated LargePairCorr
  0.97ILVFX Columbia Integrated LargePairCorr
  1.0IMRFX Columbia Global OppoPairCorr
  0.99CFIGX Columbia Flexible CapitalPairCorr
  0.99CFIAX Columbia Flexible CapitalPairCorr
  0.8LIACX Columbia AcornPairCorr
  0.69SCICX Columbia SeligmanPairCorr
  0.99INDZX Columbia DiversifiedPairCorr
  0.99INEAX Columbia High YieldPairCorr
  0.63LIIAX Columbia Porate IncomePairCorr
  0.85INUTX Columbia DividendPairCorr
  0.69CGOAX Columbia Small CapPairCorr
  0.86CGTDX Columbia Global TechPairCorr
  0.93PISJX Columbia Pyrford IntPairCorr
  0.93PISQX Columbia Pyrford IntPairCorr
  0.99AQEAX Columbia DisciplinedPairCorr
  0.82SVLCX Columbia Select LargePairCorr
  0.98UMLAX Columbia Select LargePairCorr
  0.68NSMDX Columbia Short DurationPairCorr
  1.0NBICX Columbia Capital AllPairCorr
  0.96NTIAX Columbia Mid CapPairCorr
  0.99RBBAX Columbia Income BuilderPairCorr
  0.65NCIDX Columbia ConvertiblePairCorr
  0.8LMIAX Columbia Amt FreePairCorr
  0.99SHGTX Columbia Seligman GlobalPairCorr
  0.86SHTCX Columbia Seligman GlobalPairCorr
  0.99NEIAX Columbia Large CapPairCorr
  0.69CLMAX Columbia MortgagePairCorr
  0.68NFEDX Columbia Large CapPairCorr
  0.98CMUAX Columbia Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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