Columbia Balanced Correlations

CBALX Fund  USD 52.29  0.58  1.12%   
The current 90-days correlation between Columbia Balanced and Columbia Mid Cap is 0.41 (i.e., Very weak 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

Weak diversification

The correlation between Columbia Balanced Fund and DJI is 0.37 (i.e., Weak 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

  0.64SRINX Columbia Porate IncomePairCorr
  0.86CDAZX Multi Manager DirectPairCorr
  0.83CUURX Columbia Small CapPairCorr
  0.9CDDYX Columbia Dividend IncomePairCorr
  0.9CDDRX Columbia Dividend IncomePairCorr
  0.92CDEYX Columbia DiversifiedPairCorr
  0.89CDIRX Columbia Dividend IncomePairCorr
  0.79AMTCX Columbia Capital AllPairCorr
  0.9CDOZX Columbia DividendPairCorr
  0.9CDOYX Columbia DividendPairCorr
  0.92CVERX Columbia Mid CapPairCorr
  0.92CDVZX Columbia DiversifiedPairCorr
  0.94CVQZX Columbia DisciplinedPairCorr
  0.9CECYX Columbia Large CapPairCorr
  0.89SSVIX Columbia Select SmallerPairCorr
  0.86CEVYX Columbia Global EquityPairCorr
  0.86CEVZX Columbia Global EquityPairCorr
  0.76GEGTX Columbia Large CapPairCorr
  0.92SCIRX Columbia SeligmanPairCorr
  0.64LIBCX Columbia Total ReturnPairCorr
  0.9SCMIX Columbia SeligmanPairCorr
  0.85CGEZX Columbia Select GlobalPairCorr

Moving against Columbia Mutual Fund

  0.35CUSBX Columbia Ultra ShortPairCorr
  0.41CFRZX Columbia Floating RatePairCorr
  0.41CFRYX Columbia Floating RatePairCorr

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.