Columbia Flexible Correlations

Mutual Funds . USA . 
Fund . Columbia Flexible Capital
CFCYX Fund  USD 13.95  0.10  0.72%   
The current 90-days correlation between Columbia Flexible Capital and Calvert Short Duration is 0.15 (i.e., Average diversification). The correlation of Columbia Flexible 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 Flexible Correlation With Market

Good diversification

The correlation between Columbia Flexible Capital and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Flexible Capital 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 Flexible Capital. 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

  0.97CDDYX Columbia Dividend IncomePairCorr
  0.97CDDRX Columbia Dividend IncomePairCorr
  0.92CDEYX Columbia DiversifiedPairCorr
  0.89CDIRX Columbia Dividend IncomePairCorr
  0.69AMTCX Columbia Capital AllPairCorr
  0.98CDOZX Columbia DividendPairCorr
  0.91CDOYX Columbia DividendPairCorr
  0.83CDVZX Columbia DiversifiedPairCorr
  0.71CVQZX Columbia DisciplinedPairCorr
  0.62CEBYX Columbia Emerging MarketsPairCorr
  0.62CEKYX Columbia Emerging MarketsPairCorr
  0.79CEPRX Columbia Income OppoPairCorr
  0.88CEVYX Columbia Global EquityPairCorr
  0.83CEVZX Columbia Global EquityPairCorr
  0.83RPCCX Columbia Capital AllPairCorr
  0.93CFIZX Columbia Flexible CapitalPairCorr
  0.66CFRZX Columbia Floating RatePairCorr
  0.66CFRYX Columbia Floating RatePairCorr
  0.93CFXRX Columbia Flexible CapitalPairCorr
  0.86APECX Columbia High YieldPairCorr
  0.66CGEZX 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 Flexible 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 Flexible'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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