Columbia Large Correlations

Mutual Funds . USA . 
Fund . Columbia Large Cap
CFCIX Fund  USD 13.31  0.07  0.53%   
The current 90-days correlation between Columbia Large Cap and Ultrasmall Cap Profund Ultrasmall Cap is 0.55 (i.e., Very weak diversification). The correlation of Columbia Large 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 Large Correlation With Market

Very weak diversification

The correlation between Columbia Large Cap and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Large Cap 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 Large 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 gross domestic product.

Moving together with Columbia Mutual Fund

  0.62SRINX Columbia Porate IncomePairCorr
  0.61CUTRX Columbia Treasury IndexPairCorr
  0.73CDDYX Columbia Dividend IncomePairCorr
  0.73CDDRX Columbia Dividend IncomePairCorr
  0.73CDIRX Columbia Dividend IncomePairCorr
  0.68AMTCX Columbia Capital AllPairCorr
  0.65CVQZX Columbia DisciplinedPairCorr
  0.71CECYX Columbia Large CapPairCorr
  0.75CEKYX Columbia Emerging MarketsPairCorr
  0.75CEKRX Columbia Emerging MarketsPairCorr
  0.67RPCCX Columbia Capital AllPairCorr
  0.61GEGTX Columbia Large CapPairCorr
  0.72CFCYX Columbia Flexible CapitalPairCorr
  0.83CLM Cornerstone StrategicPairCorr
  0.71CFIZX Columbia Flexible CapitalPairCorr
  0.74SCIRX Columbia SeligmanPairCorr
  0.74SCMIX Columbia SeligmanPairCorr
  0.7CFXRX Columbia Flexible CapitalPairCorr
  0.7CGEZX Columbia Select GlobalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Large 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 Large'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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