Columbia Select Correlations

Mutual Funds . USA . 
Fund . Columbia Select Large Cap
SLVAX Fund  USD 36.07  0.12  0.33%   
The current 90-days correlation between Columbia Select Large and Columbia Select Smaller Cap is 0.87 (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

Very poor diversification

The correlation between Columbia Select Large Cap and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Select Large Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Columbia Select 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

  0.85SRIJX Columbia Corporate IncomePairCorr
  0.92CUSOX Columbia Ultra ShortPairCorr
  0.98CDOAX Columbia DividendPairCorr
  0.99ILGCX Columbia Integrated LargePairCorr
  0.99ILGGX Columbia Integrated LargePairCorr
  0.99ILGJX Columbia Integrated LargePairCorr
  0.98SSCVX Columbia Select SmallerPairCorr
  0.98ILVBX Columbia Integrated LargePairCorr
  0.98ILVFX Columbia Integrated LargePairCorr
  0.61LHIAX Columbia High YieldPairCorr
  0.97CEVAX Columbia Global ValuePairCorr
  0.98IMRFX Columbia Global OppoPairCorr
  0.98CFIGX Columbia Flexible CapitalPairCorr
  0.99CFIAX Columbia Flexible CapitalPairCorr
  0.99LIACX Columbia AcornPairCorr
  0.98SCICX Columbia SeligmanPairCorr
  0.97PHIKX Columbia ConvertiblePairCorr
  0.65LIBAX Columbia Total ReturnPairCorr
  0.99INDZX Columbia DiversifiedPairCorr
  0.98INEAX Columbia High YieldPairCorr
  0.85LIIAX Columbia Porate IncomePairCorr
  0.9LITAX Columbia Amt FreePairCorr
  0.89LITCX Columbia Amt FreePairCorr
  0.98INUTX Columbia DividendPairCorr
  0.98CGOAX Columbia Small CapPairCorr
  0.99CGTDX Columbia Global TechPairCorr
  0.92NACMX Columbia Amt FreePairCorr
  0.96PISDX Columbia Pyrford IntPairCorr
  0.95PISLX Columbia Pyrford IntPairCorr
  0.95PISOX Columbia Pyrford IntPairCorr
  0.95PISJX Columbia Pyrford IntPairCorr
  0.96PISQX Columbia Pyrford IntPairCorr
  0.99AQEAX Columbia DisciplinedPairCorr
  1.0SVLCX Columbia Select LargePairCorr
  0.98UMEBX Columbia Emerging MarketsPairCorr
  0.99NSGAX Columbia Select LargePairCorr
  0.99UMLAX Columbia Select LargePairCorr
  0.64UMMDX Columbia BondPairCorr

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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