Columbia Large Correlations

Mutual Funds . USA . 
Fund . Columbia Large Cap
NFEAX Fund  USD 18.40  0.25  1.34%   
The current 90-days correlation between Columbia Large Cap and Western Assets Emerging is 0.32 (i.e., Weak 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

Good diversification

The correlation between Columbia Large Cap and DJI is -0.01 (i.e., Good 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 Correlation Analysis 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 nation.

Moving together with Columbia Mutual Fund

  0.74SRIJX Columbia Corporate IncomePairCorr
  0.83CUSOX Columbia Ultra ShortPairCorr
  0.71CDOAX Columbia DividendPairCorr
  0.97ILGCX Columbia Integrated LargePairCorr
  0.97ILGGX Columbia Integrated LargePairCorr
  0.97ILGJX Columbia Integrated LargePairCorr
  0.65ILVBX Columbia Integrated LargePairCorr
  0.67ILVFX Columbia Integrated LargePairCorr
  0.85LHIAX Columbia High YieldPairCorr
  0.87IMNTX Columbia Minnesota TaxPairCorr
  1.0GEGDX Columbia Large CapPairCorr
  0.91IMRFX Columbia Global OppoPairCorr
  0.62CFIAX Columbia Flexible CapitalPairCorr
  0.84LIACX Columbia AcornPairCorr
  0.92SCICX Columbia SeligmanPairCorr
  0.89PHIKX Columbia ConvertiblePairCorr
  0.73LIBAX Columbia Total ReturnPairCorr
  0.84INDZX Columbia DiversifiedPairCorr
  0.73INEAX Columbia High YieldPairCorr
  0.74LIIAX Columbia Porate IncomePairCorr
  0.87INTAX Columbia StrategicPairCorr
  0.87LITAX Columbia Amt FreePairCorr
  0.88LITCX Columbia Amt FreePairCorr
  0.62INUTX Columbia DividendPairCorr
  0.83GFSDX Columbia Dividend IncomePairCorr
  0.92CGOAX Columbia Small CapPairCorr
  0.92CGTDX Columbia Global TechPairCorr
  0.88NACMX Columbia Amt FreePairCorr
  0.86AQEAX Columbia DisciplinedPairCorr
  0.89SVLCX Columbia Select LargePairCorr
  0.88UMEBX Columbia Emerging MarketsPairCorr
  0.98NSGAX Columbia Select LargePairCorr

Related Correlations Analysis


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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