Columbia Large Correlations

Mutual Funds . USA . 
Fund . Columbia Large Cap
NFEAX Fund  USD 17.41  0.12  0.69%   
The current 90-days correlation between Columbia Large Cap and Voya Government Money is -0.02 (i.e., Good diversification). The correlation of Columbia Large 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 Large Correlation With Market

Good diversification

The correlation between Columbia Large Cap and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Large 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 Large 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

  0.77SRIJX Columbia Corporate IncomePairCorr
  0.86CUSOX Columbia Ultra ShortPairCorr
  0.98ILGCX Columbia Integrated LargePairCorr
  0.98ILGGX Columbia Integrated LargePairCorr
  0.98ILGJX Columbia Integrated LargePairCorr
  0.95SSCVX Columbia Select SmallerPairCorr
  0.65ILVBX Columbia Integrated LargePairCorr
  0.62ILVFX Columbia Integrated LargePairCorr
  0.93CEVAX Columbia Global ValuePairCorr
  0.63CFIAX Columbia Flexible CapitalPairCorr
  0.75LIACX Columbia AcornPairCorr
  0.93SCICX Columbia SeligmanPairCorr
  0.62PHIKX Columbia ConvertiblePairCorr
  0.65INDZX Columbia DiversifiedPairCorr
  0.64INEAX Columbia High YieldPairCorr
  0.75LIIAX Columbia Porate IncomePairCorr
  0.84LITAX Columbia Amt FreePairCorr
  0.69INUTX Columbia DividendPairCorr
  0.95CGOAX Columbia Small CapPairCorr
  0.71CGTDX Columbia Global TechPairCorr
  0.85NACMX Columbia Amt FreePairCorr
  0.93PISDX Columbia Pyrford IntPairCorr
  0.93PISLX Columbia Pyrford IntPairCorr
  0.93PISOX Columbia Pyrford IntPairCorr
  0.72PISJX Columbia Pyrford IntPairCorr
  0.72PISQX Columbia Pyrford IntPairCorr
  0.63AQEAX Columbia DisciplinedPairCorr
  0.75SVLCX Columbia Select LargePairCorr
  0.61UMEBX Columbia Emerging MarketsPairCorr
  0.64NSGAX Columbia Select LargePairCorr
  0.67UMLAX Columbia Select LargePairCorr
  0.88NSMDX Columbia Short DurationPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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