Columbia Mid Correlations

Mutual Funds . USA . 
Fund . Columbia Mid Cap
NMPAX Fund  USD 14.63  0.12  0.83%   
The current 90-days correlation between Columbia Mid Cap and Payden High Income is -0.18 (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

Almost no diversification

The correlation between Columbia Mid Cap and DJI is 0.91 (i.e., Almost no 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

  0.8SRINX Columbia Porate IncomePairCorr
  0.9CUSBX Columbia Ultra ShortPairCorr
  0.9CDAZX Multi-manager DirectionalPairCorr
  0.98CDDYX Columbia Dividend IncomePairCorr
  0.98CDDRX Columbia Dividend IncomePairCorr
  0.99CDEYX Columbia DiversifiedPairCorr
  0.95AMTCX Columbia Capital AllPairCorr
  0.97CDOYX Columbia DividendPairCorr
  0.99CVERX Columbia Mid CapPairCorr
  0.99CVQZX Columbia DisciplinedPairCorr
  0.91CEBYX Columbia Emerging MarketsPairCorr
  0.91CEBRX Columbia Emerging MarketsPairCorr
  0.96CECYX Columbia Large CapPairCorr
  1.0SSVIX Columbia Select SmallerPairCorr
  0.97CEKYX Columbia Emerging MarketsPairCorr
  0.97CEKRX Columbia Emerging MarketsPairCorr
  0.94CEPRX Columbia Income OppoPairCorr
  0.95CEVYX Columbia Global EquityPairCorr
  0.95CEVZX Columbia Global EquityPairCorr
  0.91RPCCX Columbia Capital AllPairCorr
  0.96GEGTX Columbia Large CapPairCorr
  0.97CFCYX Columbia Flexible CapitalPairCorr
  0.88CFCIX Columbia Large CapPairCorr
  0.9CLM Cornerstone StrategicPairCorr
  0.97CFIZX Columbia Flexible CapitalPairCorr
  0.97SCIRX Columbia SeligmanPairCorr
  0.96CFRYX Columbia Floating RatePairCorr
  0.97SCMIX Columbia SeligmanPairCorr
  0.95CFXRX Columbia Flexible CapitalPairCorr
  0.95APECX Columbia High YieldPairCorr
  0.9CGCYX Columbia Greater ChinaPairCorr
  0.97CGEZX Columbia Select GlobalPairCorr
  0.98CGFYX Columbia Large CapPairCorr
  1.0CXXRX Columbia Small CapPairCorr
  0.97CGOCX Columbia Small CapPairCorr
  0.97CGTYX Columbia Seligman GlobalPairCorr
  0.97CGTRX Columbia Select LargePairCorr

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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