Columbia Convertible Correlations

Mutual Funds . USA . 
Fund . Columbia Vertible Securities
PACIX Fund  USD 22.55  0.09  0.40%   
The current 90-days correlation between Columbia Convertible and Franklin Vertible Securities is 0.98 (i.e., Almost no diversification). The correlation of Columbia Convertible 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 Convertible Correlation With Market

Good diversification

The correlation between Columbia Vertible Securities 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 Vertible Securities and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Columbia Vertible Securities. 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 gross domestic product.

Moving together with Columbia Mutual Fund

  0.66SRIJX Columbia Corporate IncomePairCorr
  0.71CUSOX Columbia Ultra ShortPairCorr
  0.88CDOAX Columbia DividendPairCorr
  0.98ILGCX Columbia Integrated LargePairCorr
  0.93ILGGX Columbia Integrated LargePairCorr
  0.93ILGJX Columbia Integrated LargePairCorr
  0.94SSCVX Columbia Select SmallerPairCorr
  0.88ILVBX Columbia Integrated LargePairCorr
  0.88ILVFX Columbia Integrated LargePairCorr
  0.96CEVAX Columbia Global ValuePairCorr
  0.98IMRFX Columbia Global OppoPairCorr
  0.9CFIGX Columbia Flexible CapitalPairCorr
  0.92CFIAX Columbia Flexible CapitalPairCorr
  0.93LIACX Columbia AcornPairCorr
  0.94SCICX Columbia SeligmanPairCorr
  0.96PHIKX Columbia VertiblePairCorr
  0.96INDZX Columbia DiversifiedPairCorr
  0.97INEAX Columbia High YieldPairCorr
  0.69LIIAX Columbia Porate IncomePairCorr
  0.86INUTX Columbia DividendPairCorr
  0.99CGOAX Columbia Small CapPairCorr
  0.93PISDX Columbia Pyrford IntPairCorr
  0.9PISLX Columbia Pyrford IntPairCorr
  0.9PISOX Columbia Pyrford IntPairCorr
  0.9PISJX Columbia Pyrford IntPairCorr
  0.9PISQX Columbia Pyrford IntPairCorr
  0.98AQEAX Columbia DisciplinedPairCorr
  0.96SVLCX Columbia Select LargePairCorr
  0.95UMEBX Columbia Emerging MarketsPairCorr
  0.98NSGAX Columbia Select LargePairCorr
  0.74UMLAX Columbia Select LargePairCorr
  0.71NSMDX Columbia Short DurationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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