Columbia Income Correlations

Mutual Funds . USA . 
Fund . Columbia Income Builder
RBBAX Fund  USD 11.99  0.03  0.25%   
The current 90-days correlation between Columbia Income Builder and Siit Emerging Markets is 0.3 (i.e., Weak diversification). The correlation of Columbia Income 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 Income Correlation With Market

Good diversification

The correlation between Columbia Income Builder and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Income Builder 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 Income Builder. 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

  0.87SRIJX Columbia Corporate IncomePairCorr
  0.88CUSOX Columbia Ultra ShortPairCorr
  0.94ILGCX Columbia Integrated LargePairCorr
  0.89ILGJX Columbia Integrated LargePairCorr
  0.93ILVBX Columbia Integrated LargePairCorr
  0.93ILVFX Columbia Integrated LargePairCorr
  0.98CEVAX Columbia Global ValuePairCorr
  0.97CFIAX Columbia Flexible CapitalPairCorr
  0.91SCICX Columbia SeligmanPairCorr
  0.89LIIAX Columbia Porate IncomePairCorr
  0.92PISDX Columbia Pyrford IntPairCorr
  0.87PISLX Columbia Pyrford IntPairCorr
  0.87PISOX Columbia Pyrford IntPairCorr
  0.94NSGAX Columbia Select LargePairCorr
  0.84NSMDX Columbia Short DurationPairCorr
  0.95NBIAX Columbia Capital AllPairCorr
  0.94RBGCX Columbia Capital All Potential GrowthPairCorr
  0.97NCIDX Columbia ConvertiblePairCorr
  0.94NFEDX Columbia Large CapPairCorr
  0.91NFEAX Columbia Large CapPairCorr
  0.96CMUAX Columbia Mid CapPairCorr
  0.88USMEX Columbia Ultra ShortPairCorr
  0.89COAVX Columbia Overseas ValuePairCorr
  0.69COEAX Columbia Amt FreePairCorr
  0.96SLMCX Columbia SeligmanPairCorr
  0.95COSIX Columbia Strategic IncomePairCorr
  0.61CREAX Columbia Real EstatePairCorr
  0.77CASAX Columbia PacificasiaPairCorr
  0.93CBLCX Columbia BalancedPairCorr
  0.93CBLAX Columbia BalancedPairCorr
  0.95CBSAX Columbia Mid CapPairCorr
  0.95CCIFX Columbia SeligmanPairCorr
  0.96FASIX Fidelity Asset ManagerPairCorr
  0.99FTIWX Fidelity Asset ManagerPairCorr
  0.99FTDWX Fidelity Asset ManagerPairCorr
  0.99FTAWX Fidelity Asset ManagerPairCorr
  0.96FIKVX Fidelity Asset ManagerPairCorr
  0.96FTCWX Fidelity Asset ManagerPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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