Columbia Select Correlations

Mutual Funds . USA . 
Fund . Columbia Select Large
NSGAX Fund  USD 22.65  0.18  0.80%   
The current 90-days correlation between Columbia Select Large and Columbia Vertible Securities is 0.82 (i.e., Very poor diversification). The correlation of Columbia Select 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 Select Correlation With Market

Good diversification

The correlation between Columbia Select Large and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Select Large 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 Select Large. 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

  0.81SRIJX Columbia Corporate IncomePairCorr
  0.9CUSOX Columbia Ultra ShortPairCorr
  0.97CDOAX Columbia DividendPairCorr
  0.99ILGCX Columbia Integrated LargePairCorr
  0.99ILGGX Columbia Integrated LargePairCorr
  0.99ILGJX Columbia Integrated LargePairCorr
  0.98SSCVX Columbia Select SmallerPairCorr
  0.68ILVBX Columbia Integrated LargePairCorr
  0.97ILVFX Columbia Integrated LargePairCorr
  0.65LHIAX Columbia High YieldPairCorr
  0.96CEVAX Columbia Global ValuePairCorr
  0.62IMNTX Columbia Minnesota TaxPairCorr
  0.97IMRFX Columbia Global OppoPairCorr
  0.62CFIGX Columbia Flexible CapitalPairCorr
  0.98CFIAX Columbia Flexible CapitalPairCorr
  0.96LIACX Columbia AcornPairCorr
  0.96SCICX Columbia SeligmanPairCorr
  0.95PHIKX Columbia ConvertiblePairCorr
  0.99INDZX Columbia DiversifiedPairCorr
  0.96INEAX Columbia High YieldPairCorr
  0.79LIIAX Columbia Porate IncomePairCorr
  0.73LITAX Columbia Amt FreePairCorr
  0.72LITCX Columbia Amt FreePairCorr
  0.95INUTX Columbia DividendPairCorr
  0.97CGOAX Columbia Small CapPairCorr
  0.97CGTDX Columbia Global TechPairCorr
  0.88NACMX Columbia Amt FreePairCorr
  0.93PISDX Columbia Pyrford IntPairCorr
  0.8PISLX Columbia Pyrford IntPairCorr
  0.8PISOX Columbia Pyrford IntPairCorr
  0.71PISJX Columbia Pyrford IntPairCorr
  0.72PISQX Columbia Pyrford IntPairCorr
  0.99AQEAX Columbia DisciplinedPairCorr
  0.76SVLCX Columbia Select LargePairCorr
  0.97UMEBX Columbia Emerging MarketsPairCorr
  0.99UMLAX 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 Select 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 Select'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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