Columbia Strategic Correlations

Mutual Funds . USA . 
Fund . Columbia Strategic Municipal
INTAX Fund  USD 14.58  0.03  0.21%   
The current 90-days correlation between Columbia Strategic and Old Westbury Municipal is 0.37 (i.e., Weak diversification). The correlation of Columbia Strategic 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 Strategic Correlation With Market

Good diversification

The correlation between Columbia Strategic Municipal and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Strategic Municipal and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Columbia Strategic Municipal. 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

  0.96SRIJX Columbia Corporate IncomePairCorr
  0.93CUSOX Columbia Ultra ShortPairCorr
  0.84CDOAX Columbia DividendPairCorr
  0.93ILGCX Columbia Integrated LargePairCorr
  0.93ILGGX Columbia Integrated LargePairCorr
  0.93ILGJX Columbia Integrated LargePairCorr
  0.71SSCVX Columbia Select SmallerPairCorr
  0.84ILVBX Columbia Integrated LargePairCorr
  0.91ILVFX Columbia Integrated LargePairCorr
  0.99LHIAX Columbia High YieldPairCorr
  0.74CEVAX Columbia Global ValuePairCorr
  0.99IMNTX Columbia Minnesota TaxPairCorr
  0.92GEGDX Columbia Large CapPairCorr
  0.93IMRFX Columbia Global OppoPairCorr
  0.9CFIGX Columbia Flexible CapitalPairCorr
  0.9CFIAX Columbia Flexible CapitalPairCorr
  0.89LIACX Columbia AcornPairCorr
  0.96SCICX Columbia SeligmanPairCorr
  0.91PHIKX Columbia VertiblePairCorr
  0.94LIBAX Columbia Total ReturnPairCorr
  0.88INDZX Columbia DiversifiedPairCorr
  0.9INEAX Columbia High YieldPairCorr
  0.96LIIAX Columbia Porate IncomePairCorr
  0.99LITAX Columbia Amt FreePairCorr
  1.0LITCX Columbia Amt FreePairCorr
  0.84INUTX Columbia DividendPairCorr
  0.92CGOAX Columbia Small CapPairCorr
  0.93CGTDX Columbia Global Tech Potential GrowthPairCorr
  0.99NACMX Columbia Amt FreePairCorr
  0.88AQEAX Columbia DisciplinedPairCorr
  0.87SVLCX Columbia Select LargePairCorr
  0.95UMEBX Columbia Emerging MarketsPairCorr
  0.86NSGAX Columbia Select LargePairCorr
  0.94UMMDX Columbia BondPairCorr
  0.94NSMDX Columbia Short DurationPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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