Columbia High Correlations

Mutual Funds . USA . 
Fund . Columbia High Yield
APECX Fund  USD 10.99  0.01  0.09%   
The current 90-days correlation between Columbia High Yield and Guidemark Large Cap is 0.71 (i.e., Poor diversification). The correlation of Columbia High 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 High Correlation With Market

Poor diversification

The correlation between Columbia High Yield and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia High Yield and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Columbia High Yield. 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 main economic indicators.

Moving together with Columbia Mutual Fund

  0.73SRINX Columbia Porate IncomePairCorr
  0.77CUSBX Columbia Ultra ShortPairCorr
  0.92CDAZX Multi Manager DirectPairCorr
  0.89CUURX Columbia Small CapPairCorr
  0.9CDDYX Columbia Dividend IncomePairCorr
  0.9CDDRX Columbia Dividend IncomePairCorr
  0.92CDEYX Columbia DiversifiedPairCorr
  0.9CDIRX Columbia Dividend IncomePairCorr
  0.98AMTCX Columbia Capital AllPairCorr
  0.84CDOZX Columbia DividendPairCorr
  0.84CDOYX Columbia DividendPairCorr
  0.91CVERX Columbia Mid CapPairCorr
  0.92CDVZX Columbia DiversifiedPairCorr
  0.89CVQZX Columbia DisciplinedPairCorr
  0.92CEBYX Columbia Emerging MarketsPairCorr
  0.92CEBRX Columbia Emerging MarketsPairCorr
  0.92CECYX Columbia Large CapPairCorr
  0.89SSVIX Columbia Select SmallerPairCorr
  0.97CEKYX Columbia Emerging MarketsPairCorr
  0.97CEKRX Columbia Emerging MarketsPairCorr
  1.0CEPRX Columbia Income OppoPairCorr
  0.94CEVYX Columbia Global EquityPairCorr
  0.94CEVZX Columbia Global EquityPairCorr
  0.96RPCCX Columbia Capital AllPairCorr
  0.95GEGTX Columbia Large CapPairCorr
  0.89CFCYX Columbia Flexible CapitalPairCorr
  0.93CFCIX Columbia Large CapPairCorr
  0.83CLM Cornerstone StrategicPairCorr
  0.89CFIZX Columbia Flexible CapitalPairCorr
  0.93SCIRX Columbia SeligmanPairCorr
  0.97CFRZX Columbia Floating RatePairCorr
  0.97CFRYX Columbia Floating RatePairCorr
  0.94SCMIX Columbia SeligmanPairCorr
  0.89CFXRX Columbia Flexible CapitalPairCorr
  0.77CGCYX Columbia Greater ChinaPairCorr
  0.96CGEZX 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 High 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 High'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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