Columbia Select Correlations

Mutual Funds . USA . 
Fund . Columbia Select Large Cap
CSVZX Fund  USD 38.58  0.16  0.42%   
The current 90-days correlation between Columbia Select Large and Columbia Balanced Fund is -0.07 (i.e., Good diversification). 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 nation.

Moving together with Columbia Mutual Fund

  0.84SRINX Columbia Porate IncomePairCorr
  0.93CUSBX Columbia Ultra ShortPairCorr
  0.94CDAZX Multi Manager DirectPairCorr
  0.98CUURX Columbia Small CapPairCorr
  0.99CDDYX Columbia Dividend IncomePairCorr
  0.99CDDRX Columbia Dividend IncomePairCorr
  0.99CDEYX Columbia DiversifiedPairCorr
  0.99CDIRX Columbia Dividend IncomePairCorr
  0.97AMTCX Columbia Capital AllPairCorr
  0.98CDOZX Columbia DividendPairCorr
  0.98CDOYX Columbia DividendPairCorr
  0.97CVERX Columbia Mid CapPairCorr
  0.99CDVZX Columbia DiversifiedPairCorr
  0.99CVQZX Columbia DisciplinedPairCorr
  0.94CEBYX Columbia Emerging MarketsPairCorr
  0.93CEBRX Columbia Emerging MarketsPairCorr
  0.99CECYX Columbia Large CapPairCorr
  0.98SSVIX Columbia Select SmallerPairCorr
  0.98CEKYX Columbia Emerging MarketsPairCorr
  0.98CEKRX Columbia Emerging MarketsPairCorr
  0.97CEPRX Columbia Income OppoPairCorr
  0.97CEVYX Columbia Global EquityPairCorr
  0.97CEVZX Columbia Global EquityPairCorr
  0.93RPCCX Columbia Capital AllPairCorr
  0.97GEGTX Columbia Large CapPairCorr
  0.98CFCYX Columbia Flexible CapitalPairCorr
  0.91CFCIX Columbia Large CapPairCorr
  0.94CLM Cornerstone StrategicPairCorr
  0.98CFIZX Columbia Flexible CapitalPairCorr
  0.98SCIRX Columbia SeligmanPairCorr
  0.64LIBCX Columbia Total ReturnPairCorr
  0.97CFRZX Columbia Floating RatePairCorr
  0.97CFRYX Columbia Floating RatePairCorr
  0.98SCMIX Columbia SeligmanPairCorr
  0.98CFXRX Columbia Flexible CapitalPairCorr
  0.97APECX Columbia High YieldPairCorr
  0.88CGCYX Columbia Greater ChinaPairCorr
  0.99CGFYX Columbia Large CapPairCorr

Related Correlations Analysis

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