Columbia Large Correlations

Mutual Funds . USA . 
Fund . Columbia Large Cap
CGFYX Fund  USD 70.81  0.29  0.41%   
The current 90-days correlation between Columbia Large Cap and Pace High Yield is 0.41 (i.e., Very weak 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

Poor diversification

The correlation between Columbia Large Cap and DJI is 0.6 (i.e., Poor 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

  0.73CDAZX Multi-manager DirectionalPairCorr
  0.92CUURX Columbia Small CapPairCorr
  0.87CVERX Columbia Mid CapPairCorr
  0.68CVQZX Columbia DisciplinedPairCorr
  0.91SSVIX Columbia Select SmallerPairCorr
  1.0GEGTX Columbia Large CapPairCorr
  0.83CLM Cornerstone StrategicPairCorr
  0.97SCIRX Columbia SeligmanPairCorr
  0.97SCMIX Columbia SeligmanPairCorr
  0.75CGEZX Columbia Select GlobalPairCorr
  0.94CXXRX Columbia Small CapPairCorr
  0.99CGQYX Columbia DisciplinedPairCorr
  0.97CGTYX Columbia Seligman GlobalPairCorr
  0.98CGTUX Columbia Global TechPairCorr
  0.98CGTRX Columbia Select LargePairCorr
  1.0CGWRX Columbia Large CapPairCorr
  0.87NAMAX Columbia Mid CapPairCorr

Moving against Columbia Mutual Fund

  0.68LIBCX Columbia Total ReturnPairCorr
  0.62CGCYX Columbia Greater ChinaPairCorr
  0.61CUSBX Columbia Ultra ShortPairCorr
  0.53SRINX Columbia Porate IncomePairCorr
  0.52CEBYX Columbia Emerging MarketsPairCorr
  0.31CEPRX Columbia Income OppoPairCorr
  0.7UMMGX Columbia BondPairCorr
  0.51NSMIX Columbia Short TermPairCorr
  0.39RSERX Victory Sophus EmergingPairCorr
  0.34SEMAX 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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