Columbia Select Correlations

Mutual Funds . USA . 
Fund . Columbia Select Large
UMLAX Fund   7.84  0.04  0.51%   
The current 90-days correlation between Columbia Select Large and Prudential Real Estate is 0.37 (i.e., Weak 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

Good diversification

The correlation between Columbia Select Large and DJI is -0.05 (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 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. 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

  0.83SRIJX Columbia Corporate IncomePairCorr
  0.91CUSOX Columbia Ultra ShortPairCorr
  0.97CDOAX Columbia DividendPairCorr
  1.0ILGCX Columbia Integrated LargePairCorr
  1.0ILGGX Columbia Integrated LargePairCorr
  1.0ILGJX Columbia Integrated LargePairCorr
  0.96SSCVX Columbia Select SmallerPairCorr
  0.96ILVBX Columbia Integrated LargePairCorr
  0.96ILVFX Columbia Integrated LargePairCorr
  0.66LHIAX Columbia High YieldPairCorr
  0.96CEVAX Columbia Global ValuePairCorr
  0.63IMNTX Columbia Minnesota TaxPairCorr
  0.97IMRFX Columbia Global OppoPairCorr
  0.97CFIGX Columbia Flexible CapitalPairCorr
  0.98CFIAX Columbia Flexible CapitalPairCorr
  0.97LIACX Columbia AcornPairCorr
  0.97SCICX Columbia SeligmanPairCorr
  0.95PHIKX Columbia ConvertiblePairCorr
  0.61LIBAX Columbia Total ReturnPairCorr
  0.99INDZX 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
  0.98CGOAX 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
  0.99AQEAX Columbia DisciplinedPairCorr
  0.98SVLCX Columbia Select LargePairCorr
  0.98UMEBX Columbia Emerging MarketsPairCorr
  0.99NSGAX Columbia Select LargePairCorr
  0.62UMMDX 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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