Columbia International Correlations

Mutual Funds . USA . 
Fund . Columbia International Value
CLVRX Fund  USD 36.08  0.11  0.31%   
The current 90-days correlation between Columbia International and Northern Small Cap is 0.82 (i.e., Very poor diversification). The correlation of Columbia International 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 International Correlation With Market

Very poor diversification

The correlation between Columbia International Value and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia International Value 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 International Value. 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

  0.82CDHAX Calvert Developed MarketPairCorr
  0.82CDHRX Calvert InternationalPairCorr
  0.67CDSRX Calvert Short DurationPairCorr
  0.75CDSIX Calvert Short DurationPairCorr
  0.78CVMAX Calvert Emerging MarketsPairCorr
  0.78CVMRX Calvert Emerging MarketsPairCorr
  0.78CVMIX Calvert Emerging MarketsPairCorr
  0.73CVMCX Calvert Emerging MarketsPairCorr
  0.75CEFAX Calvert Emerging MarketsPairCorr
  0.75CEFIX Congressional EffectPairCorr
  0.76CEMAX Calvert Emerging MarketsPairCorr
  0.79CFAIX Calvert ConservativePairCorr
  0.64CWVIX Calvert InternationalPairCorr
  0.74CFICX Calvert IncomePairCorr
  0.76CFJIX Calvert Large CapPairCorr
  0.65CFWAX Calvert Global WaterPairCorr
  0.76CGARX Calvert Responsible IndexPairCorr
  0.71CGAEX Calvert Global EnergyPairCorr
  0.78CGACX Calvert Global EnergyPairCorr
  0.69CGJAX Calvert Large CapPairCorr
  0.8CGJIX Calvert Large CapPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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