Columbia Mid Correlations

Mutual Funds . USA . 
Fund . Columbia Mid Cap
CBSAX Fund  USD 21.70  0.09  0.42%   
The current 90-days correlation between Columbia Mid Cap and American Century Diversified is -0.1 (i.e., Good diversification). The correlation of Columbia Mid 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 Mid Correlation With Market

Very weak diversification

The correlation between Columbia Mid Cap and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Mid Cap 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 Mid 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

  0.96ILGCX Columbia Integrated LargePairCorr
  0.96ILGGX Columbia Integrated LargePairCorr
  0.96ILGJX Columbia Integrated LargePairCorr
  0.86SSCVX Columbia Select SmallerPairCorr
  0.87ILVFX Columbia Integrated LargePairCorr
  0.62IMRFX Columbia Global OppoPairCorr
  0.85LIACX Columbia AcornPairCorr
  0.94SCICX Columbia SeligmanPairCorr
  0.95PHIKX Columbia ConvertiblePairCorr
  0.68INDZX Columbia DiversifiedPairCorr
  0.96CGOAX Columbia Small CapPairCorr
  0.94AQEAX Columbia DisciplinedPairCorr
  0.69SVLCX Columbia Select LargePairCorr
  0.96NSGAX Columbia Select LargePairCorr
  0.71UMLAX Columbia Select LargePairCorr
  0.8NBICX Columbia Capital AllPairCorr
  0.79NBIAX Columbia Capital AllPairCorr
  0.95NTIAX Columbia Mid CapPairCorr
  0.87RBGCX Columbia Capital AllPairCorr
  0.95NCIDX Columbia ConvertiblePairCorr

Moving against Columbia Mutual Fund

  0.65LIBAX Columbia Total ReturnPairCorr
  0.52CUSOX Columbia Ultra ShortPairCorr
  0.49SRIJX Columbia Corporate IncomePairCorr
  0.48LIIAX Columbia Porate IncomePairCorr
  0.65UMMDX Columbia BondPairCorr
  0.59PISDX Columbia Pyrford IntPairCorr
  0.59PISLX Columbia Pyrford IntPairCorr
  0.59PISOX Columbia Pyrford IntPairCorr
  0.58PISQX Columbia Pyrford IntPairCorr
  0.56NSTRX Columbia Short TermPairCorr
  0.53PISJX Columbia Pyrford IntPairCorr
  0.4NSMMX Columbia Short TermPairCorr
  0.32NACMX Columbia Amt FreePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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