Columbia Flexible Correlations

Mutual Funds . USA . 
Fund . Columbia Flexible Capital
CFXRX Fund  USD 14.14  0.10  0.71%   
The current 90-days correlation between Columbia Flexible Capital and Pgim Conservative Retirement is 0.05 (i.e., Significant 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

Poor diversification

The correlation between Columbia Flexible Capital and DJI is 0.67 (i.e., Poor 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 metropolitan statistical area.

Moving together with Columbia Mutual Fund

  0.63SRINX Columbia Porate IncomePairCorr
  0.86CDAZX Multi Manager DirectPairCorr
  0.79CUURX Columbia Small CapPairCorr
  0.88CDDYX Columbia Dividend IncomePairCorr
  0.88CDDRX Columbia Dividend IncomePairCorr
  0.86CDEYX Columbia DiversifiedPairCorr
  0.9CDIRX Columbia Dividend IncomePairCorr
  0.71AMTCX Columbia Capital AllPairCorr
  0.86CDOZX Columbia DividendPairCorr
  0.86CDOYX Columbia DividendPairCorr
  0.88CVERX Columbia Mid CapPairCorr
  0.87CDVZX Columbia DiversifiedPairCorr
  0.83CVQZX Columbia DisciplinedPairCorr
  0.72CEBYX Columbia Emerging MarketsPairCorr
  0.63CEBRX Columbia Emerging MarketsPairCorr
  0.85CECYX Columbia Large CapPairCorr
  0.82SSVIX Columbia Select SmallerPairCorr
  0.75CEPRX Columbia Income OppoPairCorr
  0.9CEVYX Columbia Global EquityPairCorr
  0.91CEVZX Columbia Global EquityPairCorr
  0.86CFCYX Columbia Flexible CapitalPairCorr
  0.76CFCIX Columbia Large CapPairCorr
  0.77CFIZX Columbia Flexible CapitalPairCorr
  0.82SCIRX Columbia SeligmanPairCorr
  0.82SCMIX Columbia SeligmanPairCorr
  0.76APECX Columbia High YieldPairCorr
  0.92CXXRX Columbia Small CapPairCorr

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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