Columbia Overseas Correlations

COSSX Fund  USD 13.18  0.05  0.38%   
The current 90-days correlation between Columbia Overseas Value and Lord Abbett Vertible is 0.21 (i.e., Modest diversification). The correlation of Columbia Overseas 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 Overseas Correlation With Market

Average diversification

The correlation between Columbia Overseas Value and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Overseas 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 Overseas 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 state.

Moving together with Columbia Mutual Fund

  0.71SRINX Columbia Porate IncomePairCorr
  0.86CUSBX Columbia Ultra ShortPairCorr
  0.94CDAZX Multi-manager DirectionalPairCorr
  0.89CUURX Columbia Small CapPairCorr
  0.91CDDYX Columbia Dividend IncomePairCorr
  0.91CDDRX Columbia Dividend IncomePairCorr
  0.87CDEYX Columbia DiversifiedPairCorr
  0.91CDIRX Columbia Dividend IncomePairCorr
  0.95AMTCX Columbia Capital AllPairCorr
  0.9CDOZX Columbia DividendPairCorr
  0.9CDOYX Columbia DividendPairCorr
  0.91CVERX Columbia Mid CapPairCorr
  0.93CDVZX Columbia DiversifiedPairCorr
  0.84CVQZX Columbia DisciplinedPairCorr
  0.9CEBYX Columbia Emerging MarketsPairCorr
  0.9CEBRX Columbia Emerging MarketsPairCorr
  0.93CECYX Columbia Large CapPairCorr
  0.89SSVIX Columbia Select SmallerPairCorr
  0.96CEKYX Columbia Emerging MarketsPairCorr
  0.96CEKRX Columbia Emerging MarketsPairCorr
  0.96CEPRX Columbia Income OppoPairCorr
  0.97CEVYX Columbia Global EquityPairCorr
  0.97CEVZX Columbia Global EquityPairCorr
  0.82RPCCX Columbia Capital AllPairCorr
  0.94GEGTX Columbia Large CapPairCorr
  0.91CFCYX Columbia Flexible CapitalPairCorr
  0.96CFCIX Columbia Large CapPairCorr
  0.78CLM Cornerstone StrategicPairCorr
  0.91CFIZX Columbia Flexible CapitalPairCorr
  0.92SCIRX Columbia SeligmanPairCorr
  0.95CFRZX Columbia Floating RatePairCorr
  0.95CFRYX Columbia Floating RatePairCorr
  0.92SCMIX Columbia SeligmanPairCorr
  0.91CFXRX Columbia Flexible CapitalPairCorr
  0.89APECX Columbia High YieldPairCorr
  0.87CGCYX 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 Overseas 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 Overseas' 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.