Columbia Select Correlations

Mutual Funds . USA . 
Fund . Columbia Select Large Cap
SLVIX Fund  USD 38.04  0.14  0.37%   
The current 90-days correlation between Columbia Select Large and Columbia Select Large Cap is 1.0 (i.e., No risk reduction). 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 Cap and DJI is -0.1 (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 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 gross domestic product.

Moving together with Columbia Mutual Fund

  0.72SRINX Columbia Porate IncomePairCorr
  0.92CUSBX Columbia Ultra ShortPairCorr
  0.93CDAZX Multi Manager DirectPairCorr
  0.83CUURX Columbia Small CapPairCorr
  0.99CDDYX Columbia Dividend IncomePairCorr
  0.8CDDRX Columbia Dividend IncomePairCorr
  0.76CDEYX Columbia DiversifiedPairCorr
  0.83CDIRX Columbia Dividend IncomePairCorr
  0.76AMTCX Columbia Capital AllPairCorr
  0.76CDOZX Columbia DividendPairCorr
  0.76CDOYX Columbia DividendPairCorr
  0.99CVERX Columbia Mid CapPairCorr
  0.99CDVZX Columbia DiversifiedPairCorr
  0.73CVQZX Columbia DisciplinedPairCorr
  0.93CEBYX Columbia Emerging MarketsPairCorr
  0.72CEBRX Columbia Emerging MarketsPairCorr
  0.78CECYX Columbia Large CapPairCorr
  0.73SSVIX Columbia Select SmallerPairCorr
  0.72CEKYX Columbia Emerging MarketsPairCorr
  0.98CEKRX Columbia Emerging MarketsPairCorr
  0.73CEPRX Columbia Income OppoPairCorr
  0.75CEVYX Columbia Global EquityPairCorr
  0.75CEVZX Columbia Global EquityPairCorr
  0.72RPCCX Columbia Capital AllPairCorr
  0.99GEGTX Columbia Large CapPairCorr
  0.75CFCYX Columbia Flexible CapitalPairCorr
  0.67CFCIX Columbia Large CapPairCorr
  0.79CLM Cornerstone StrategicPairCorr
  0.75CFIZX Columbia Flexible CapitalPairCorr
  0.79SCIRX Columbia SeligmanPairCorr
  0.74CFRZX Columbia Floating RatePairCorr
  0.74CFRYX Columbia Floating RatePairCorr
  0.98SCMIX Columbia SeligmanPairCorr
  0.75CFXRX Columbia Flexible CapitalPairCorr
  0.98APECX Columbia High YieldPairCorr
  0.89CGCYX Columbia Greater China Steady GrowthPairCorr
  0.74CGEZX Columbia Select GlobalPairCorr

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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