Columbia Corporate Correlations

Mutual Funds . USA . 
Fund . Columbia Corporate Income
SRIJX Fund   9.15  0.03  0.33%   
The current 90-days correlation between Columbia Corporate Income and Ab Small Cap is 0.32 (i.e., Weak diversification). The correlation of Columbia Corporate 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 Corporate Correlation With Market

Good diversification

The correlation between Columbia Corporate Income 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 Corporate Income 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 Corporate Income. 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 inflation.

Moving together with Columbia Mutual Fund

  0.93CUSOX Columbia Ultra ShortPairCorr
  0.89CDOAX Columbia DividendPairCorr
  0.84ILGCX Columbia Integrated LargePairCorr
  0.84ILGGX Columbia Integrated LargePairCorr
  0.84ILGJX Columbia Integrated LargePairCorr
  0.81SSCVX Columbia Select SmallerPairCorr
  0.85ILVBX Columbia Integrated LargePairCorr
  0.85ILVFX Columbia Integrated LargePairCorr
  0.89CEVAX Columbia Global ValuePairCorr
  0.91IMRFX Columbia Global OppoPairCorr
  0.89CFIGX Columbia Flexible CapitalPairCorr
  0.86CFIAX Columbia Flexible CapitalPairCorr
  0.81LIACX Columbia AcornPairCorr
  0.87SCICX Columbia SeligmanPairCorr
  0.86PHIKX Columbia ConvertiblePairCorr
  0.88LIBAX Columbia Total ReturnPairCorr
  0.84INDZX Columbia DiversifiedPairCorr
  0.91INEAX Columbia High YieldPairCorr
  1.0LIIAX Columbia Porate IncomePairCorr
  0.81LITAX Columbia Amt FreePairCorr
  0.79LITCX Columbia Amt FreePairCorr
  0.89INUTX Columbia DividendPairCorr
  0.86CGOAX Columbia Small CapPairCorr
  0.85CGTDX Columbia Global TechPairCorr
  0.85NACMX Columbia Amt FreePairCorr
  0.79PISDX Columbia Pyrford IntPairCorr
  0.78PISLX Columbia Pyrford IntPairCorr
  0.78PISOX Columbia Pyrford IntPairCorr
  0.79PISJX Columbia Pyrford IntPairCorr
  0.8PISQX Columbia Pyrford IntPairCorr
  0.83AQEAX Columbia DisciplinedPairCorr
  0.84SVLCX Columbia Select LargePairCorr
  0.82UMEBX Columbia Emerging MarketsPairCorr
  0.8NSGAX Columbia Select LargePairCorr
  0.82UMLAX Columbia Select LargePairCorr
  0.88UMMDX 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 Corporate 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 Corporate'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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