Columbia Balanced Correlations

Mutual Funds . USA . 
Fund . Columbia Balanced Fund
CBLAX Fund  USD 51.25  0.43  0.85%   
The current 90-days correlation between Columbia Balanced and Columbia Trarian Core is 0.98 (i.e., Almost no 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 nation.

Moving together with Columbia Mutual Fund

  0.81ILGCX Columbia Integrated LargePairCorr
  0.85ILGGX Columbia Integrated LargePairCorr
  0.85ILGJX Columbia Integrated LargePairCorr
  0.73SSCVX Columbia Select SmallerPairCorr
  0.93ILVBX Columbia Integrated LargePairCorr
  0.93ILVFX Columbia Integrated LargePairCorr
  0.88IMRFX Columbia Global OppoPairCorr
  0.74CFIGX Columbia Flexible CapitalPairCorr
  0.72CFIAX Columbia Flexible CapitalPairCorr
  0.68LIACX Columbia AcornPairCorr
  0.81SCICX Columbia SeligmanPairCorr
  0.87PHIKX Columbia VertiblePairCorr
  0.86INDZX Columbia DiversifiedPairCorr
  0.63INUTX Columbia DividendPairCorr
  0.77CGOAX Columbia Small CapPairCorr
  0.89AQEAX Columbia DisciplinedPairCorr
  0.75SVLCX Columbia Select LargePairCorr
  0.89NSGAX Columbia Select LargePairCorr
  0.78UMLAX Columbia Select LargePairCorr

Moving against Columbia Mutual Fund

  0.34UMMDX Columbia BondPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
AQEAX
+ 0.97
LCCAX
INUTX
+ 0.97
LBSAX
LBSAX
+ 0.59
LCCAX
COSIX
+ 0.57
INUTX
AQEAX
+ 0.44
LBSAX
INUTX
+ 0.43
LCCAX
  
High negative correlations   
COSIX
- 0.56
AQEAX
COSIX
- 0.41
LCCAX

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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