Columbia Large Correlations

Mutual Funds . USA . 
Fund . Columbia Large Cap
CECYX Fund  USD 26.41  0.01  0.04%   
The current 90-days correlation between Columbia Large Cap and Western Assets Emerging is 0.03 (i.e., Significant 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 -0.07 (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 Trending Equities 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 manufacturing.

Moving together with Columbia Mutual Fund

  0.67AMTCX Columbia Capital AllPairCorr
  0.84CLM Cornerstone StrategicPairCorr
  0.97CXXRX Columbia Small CapPairCorr
  0.97CGTUX Columbia Global TechPairCorr
  0.97NSVAX Columbia Small CapPairCorr
  0.65CZMVX Multi Manager ValuePairCorr
  0.92ACRNX Columbia AcornPairCorr
  0.98CLQZX Columbia DisciplinedPairCorr
  0.7ADECX Columbia DiversifiedPairCorr
  0.94CLSPX Columbia Mid CapPairCorr
  0.98CLWFX Columbia Large CapPairCorr
  0.98CLXRX Columbia Large CapPairCorr
  0.94CMCCX Columbia Mid CapPairCorr
  0.77CMSCX Columbia Small CapPairCorr
  0.77CMTFX Columbia Global TechPairCorr
  0.94COCRX Columbia ConvertiblePairCorr
  0.98COFRX Columbia Trarian CorePairCorr
  0.64SLVRX Columbia Select LargePairCorr
  0.98NINDX Columbia Large CapPairCorr

Moving against Columbia Mutual Fund

  0.67UMMGX Columbia BondPairCorr
  0.66CIBRX Columbia Total ReturnPairCorr
  0.48SRINX Columbia Porate IncomePairCorr
  0.34RSERX Victory Sophus EmergingPairCorr
  0.59LNGZX Columbia Greater ChinaPairCorr
  0.41MBSAX Multisector Bond SmaPairCorr
  0.33CMGUX Cmg Ultra ShortPairCorr
  0.32NCMAX Columbia Amt FreePairCorr
  0.32CMBFX 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 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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