Columbia Balanced Correlations

Mutual Funds . USA . 
Fund . Columbia Balanced Fund
CBALX Fund  USD 51.10  0.44  0.87%   
The current 90-days correlation between Columbia Balanced and Columbia Mid Cap is 0.81 (i.e., Very poor diversification). The correlation of Columbia Balanced 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 Balanced Correlation With Market

Poor diversification

The correlation between Columbia Balanced Fund and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Balanced Fund 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 Balanced Fund. 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 bureau of economic analysis.

Moving together with Columbia Mutual Fund

  0.79CDAZX Multi-manager DirectionalPairCorr
  0.82CUURX Columbia Small CapPairCorr
  0.69CDDYX Columbia Dividend IncomePairCorr
  0.76CDDRX Columbia Dividend IncomePairCorr
  0.85CDEYX Columbia DiversifiedPairCorr
  0.7CDIRX Columbia Dividend IncomePairCorr
  0.81AMTCX Columbia Capital AllPairCorr
  0.63CDOZX Columbia DividendPairCorr
  0.63CDOYX Columbia DividendPairCorr
  0.83CVERX Columbia Mid CapPairCorr
  0.85CDVZX Columbia DiversifiedPairCorr
  0.92CVQZX Columbia DisciplinedPairCorr
  0.9CECYX Columbia Large CapPairCorr
  0.73SSVIX Columbia Select SmallerPairCorr
  0.72CEVYX Columbia Global EquityPairCorr
  0.72CEVZX Columbia Global EquityPairCorr
  0.86GEGTX Columbia Large CapPairCorr
  0.71CFCYX Columbia Flexible CapitalPairCorr
  0.8CLM Cornerstone StrategicPairCorr
  0.72CFIZX Columbia Flexible CapitalPairCorr
  0.81SCIRX Columbia SeligmanPairCorr
  0.81SCMIX Columbia SeligmanPairCorr
  0.72CFXRX Columbia Flexible CapitalPairCorr
  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 Balanced 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 Balanced'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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