Columbia Select Correlations

Mutual Funds . USA . 
Fund . Columbia Select Large Cap
CSRYX Fund  USD 40.26  0.22  0.54%   
The current 90-days correlation between Columbia Select Large and Columbia Select Large Cap is 1.0 (i.e., No risk reduction). The correlation of Columbia Select 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 Select Correlation With Market

Very poor diversification

The correlation between Columbia Select Large Cap and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Select 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 Select 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 commodities.

Moving together with Columbia Mutual Fund

  0.85SRINX Columbia Porate IncomePairCorr
  0.87CUSBX Columbia Ultra ShortPairCorr
  0.74CUTRX Columbia Treasury IndexPairCorr
  0.91CDAZX Multi-manager DirectionalPairCorr
  0.97CUURX Columbia Small CapPairCorr
  0.98CDDYX Columbia Dividend IncomePairCorr
  0.98CDDRX Columbia Dividend IncomePairCorr
  0.94CDEYX Columbia DiversifiedPairCorr
  0.94CDIRX Columbia Dividend IncomePairCorr
  0.94AMTCX Columbia Capital AllPairCorr
  0.98CDOZX Columbia DividendPairCorr
  0.98CDOYX Columbia DividendPairCorr
  0.98CDVZX Columbia DiversifiedPairCorr
  0.98CVQZX Columbia DisciplinedPairCorr
  0.9CEBRX Columbia Emerging MarketsPairCorr
  0.95CECYX Columbia Large CapPairCorr
  0.97SSVIX Columbia Select SmallerPairCorr
  0.95CEKYX Columbia Emerging MarketsPairCorr
  0.95CEKRX Columbia Emerging MarketsPairCorr
  0.92CEPRX Columbia Income OppoPairCorr
  0.96CEVYX Columbia Global EquityPairCorr
  0.95CEVZX Columbia Global EquityPairCorr
  0.93GEGTX Columbia Large CapPairCorr
  0.92CLM Cornerstone StrategicPairCorr
  0.98CFIZX Columbia Flexible CapitalPairCorr
  0.93SCIRX Columbia SeligmanPairCorr
  0.83LIBCX Columbia Total ReturnPairCorr
  0.88CFRYX Columbia Floating RatePairCorr
  0.93SCMIX Columbia SeligmanPairCorr
  0.63CFXRX Columbia Flexible CapitalPairCorr
  0.93APECX Columbia High YieldPairCorr
  0.9CGEZX Columbia Select GlobalPairCorr
  0.93CGFYX Columbia Large CapPairCorr
  0.97CXXRX Columbia Small CapPairCorr
  0.61CGOCX Columbia Small CapPairCorr
  0.91CGQYX Columbia DisciplinedPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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