Columbia Large Correlations

Mutual Funds . USA . 
Fund . Columbia Large Cap
CLXRX Fund  USD 57.52  0.30  0.52%   
The current 90-days correlation between Columbia Large Cap and Columbia Small Cap is 0.92 (i.e., Almost no 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

Almost no diversification

The correlation between Columbia Large Cap and DJI is 0.97 (i.e., Almost no 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 metropolitan statistical area.

Moving together with Columbia Mutual Fund

  0.64SRINX Columbia Porate IncomePairCorr
  0.81CUSBX Columbia Ultra ShortPairCorr
  0.85CDAZX Multi-manager DirectionalPairCorr
  0.9CUURX Columbia Small CapPairCorr
  0.92CDDYX Columbia Dividend IncomePairCorr
  0.92CDDRX Columbia Dividend IncomePairCorr
  0.98CDEYX Columbia DiversifiedPairCorr
  0.89CDIRX Columbia Dividend IncomePairCorr
  0.96AMTCX Columbia Capital AllPairCorr
  0.88CDOZX Columbia DividendPairCorr
  0.9CDOYX Columbia DividendPairCorr
  0.93CVERX Columbia Mid CapPairCorr
  0.92CDVZX Columbia DiversifiedPairCorr
  0.88CVQZX Columbia DisciplinedPairCorr
  0.83CEBYX Columbia Emerging MarketsPairCorr
  0.83CEBRX Columbia Emerging MarketsPairCorr
  0.93CECYX Columbia Large CapPairCorr
  0.91SSVIX Columbia Select SmallerPairCorr
  0.9CEKYX Columbia Emerging MarketsPairCorr
  0.9CEKRX Columbia Emerging MarketsPairCorr
  0.89CEPRX Columbia Income OppoPairCorr
  0.89CEVYX Columbia Global EquityPairCorr
  0.9CEVZX Columbia Global EquityPairCorr
  0.86RPCCX Columbia Capital AllPairCorr
  0.9GEGTX Columbia Large CapPairCorr
  0.89CFCYX Columbia Flexible CapitalPairCorr
  0.92CFCIX Columbia Large CapPairCorr
  0.81CLM Cornerstone StrategicPairCorr
  0.89CFIZX Columbia Flexible CapitalPairCorr
  0.89SCIRX Columbia SeligmanPairCorr
  0.92CFRZX Columbia Floating RatePairCorr
  0.92CFRYX Columbia Floating RatePairCorr
  0.91SCMIX Columbia SeligmanPairCorr
  0.89CFXRX Columbia Flexible CapitalPairCorr
  0.9APECX Columbia High YieldPairCorr
  0.87CGCYX Columbia Greater ChinaPairCorr
  0.9CGEZX 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 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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