Columbia Emerging Correlations

Mutual Funds . USA . 
Fund . Columbia Emerging Markets
UMEBX Fund   15.20  0.05  0.33%   
The current 90-days correlation between Columbia Emerging Markets and Siit High Yield is 0.12 (i.e., Average diversification). The correlation of Columbia Emerging 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 Emerging Correlation With Market

Significant diversification

The correlation between Columbia Emerging Markets and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Emerging Markets 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 Emerging Markets. 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 bureau of labor statistics.

Moving together with Columbia Mutual Fund

  0.83SRIJX Columbia Corporate IncomePairCorr
  0.9CUSOX Columbia Ultra ShortPairCorr
  0.96CDOAX Columbia DividendPairCorr
  0.98ILGCX Columbia Integrated LargePairCorr
  0.98ILGGX Columbia Integrated LargePairCorr
  0.98ILGJX Columbia Integrated LargePairCorr
  0.97SSCVX Columbia Select SmallerPairCorr
  0.96ILVBX Columbia Integrated LargePairCorr
  0.96ILVFX Columbia Integrated LargePairCorr
  0.66LHIAX Columbia High YieldPairCorr
  0.96CEVAX Columbia Global ValuePairCorr
  0.64IMNTX Columbia Minnesota TaxPairCorr
  0.98IMRFX Columbia Global OppoPairCorr
  0.97CFIGX Columbia Flexible CapitalPairCorr
  0.98CFIAX Columbia Flexible CapitalPairCorr
  0.97LIACX Columbia AcornPairCorr
  0.97SCICX Columbia SeligmanPairCorr
  0.96PHIKX Columbia ConvertiblePairCorr
  0.62LIBAX Columbia Total ReturnPairCorr
  0.98INDZX Columbia DiversifiedPairCorr
  0.97INEAX Columbia High YieldPairCorr
  0.82LIIAX Columbia Porate IncomePairCorr
  0.87LITAX Columbia Amt FreePairCorr
  0.86LITCX Columbia Amt FreePairCorr
  0.96INUTX Columbia DividendPairCorr
  0.97CGOAX Columbia Small CapPairCorr
  0.98CGTDX Columbia Global TechPairCorr
  0.9NACMX Columbia Amt FreePairCorr
  0.95PISDX Columbia Pyrford IntPairCorr
  0.95PISLX Columbia Pyrford IntPairCorr
  0.95PISOX Columbia Pyrford IntPairCorr
  0.95PISJX Columbia Pyrford IntPairCorr
  0.95PISQX Columbia Pyrford IntPairCorr
  0.98AQEAX Columbia DisciplinedPairCorr
  0.98SVLCX Columbia Select LargePairCorr
  0.97NSGAX Columbia Select LargePairCorr
  0.98UMLAX 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 Emerging 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 Emerging'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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