Columbia Select Correlations

Mutual Funds . USA . 
Fund . Columbia Select Smaller Cap
SSCVX Fund  USD 17.65  0.10  0.57%   
The current 90-days correlation between Columbia Select Smaller and Davis Government Bond is -0.06 (i.e., Good 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 good diversification

The correlation between Columbia Select Smaller Cap and DJI is -0.34 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Select Smaller 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 Smaller 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 real.

Moving together with Columbia Mutual Fund

  0.81SRIJX Columbia Corporate IncomePairCorr
  0.88CUSOX Columbia Ultra ShortPairCorr
  0.98CDOAX Columbia DividendPairCorr
  0.98ILGGX Columbia Integrated LargePairCorr
  0.96ILGJX Columbia Integrated LargePairCorr
  0.98ILVBX Columbia Integrated LargePairCorr
  0.97IMRFX Columbia Global OppoPairCorr
  0.95SCICX Columbia SeligmanPairCorr
  0.99INDZX Columbia DiversifiedPairCorr
  0.96INEAX Columbia High YieldPairCorr
  0.82LIIAX Columbia Porate IncomePairCorr
  0.85LITAX Columbia Amt FreePairCorr
  0.95INUTX Columbia DividendPairCorr
  0.97CGOAX Columbia Small CapPairCorr
  0.92PISOX Columbia Pyrford IntPairCorr
  0.92PISQX Columbia Pyrford IntPairCorr
  0.98AQEAX Columbia DisciplinedPairCorr
  0.97UMEBX Columbia Emerging MarketsPairCorr
  0.98NSGAX Columbia Select LargePairCorr
  0.83NSMDX Columbia Short DurationPairCorr
  0.92NSMMX Columbia Short TermPairCorr
  0.85NSTRX Columbia Short TermPairCorr
  0.98NBIAX Columbia Capital AllPairCorr
  1.0NTIAX Columbia Mid CapPairCorr
  0.96RBBAX Columbia Income BuilderPairCorr
  0.99NCIDX Columbia ConvertiblePairCorr
  0.89LMIAX Columbia Amt FreePairCorr
  0.97ABUAX Columbia Capital AllPairCorr
  0.97SHGTX Columbia Seligman GlobalPairCorr
  0.98ISGNX Columbia Integrated SmallPairCorr
  0.95SHTCX Columbia Seligman GlobalPairCorr
  0.96NEIAX Columbia Large CapPairCorr
  0.89CLABX Columbia Alternative BetaPairCorr
  0.65CLMAX Columbia MortgagePairCorr

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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