Columbia Growth Correlations

CGSAX Fund  USD 49.21  0.10  0.20%   
The current 90-days correlation between Columbia Growth 529 and Vanguard Total Stock is 0.12 (i.e., Average diversification). The correlation of Columbia Growth 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 Growth Correlation With Market

Average diversification

The correlation between Columbia Growth 529 and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Growth 529 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 Growth 529. 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

  0.94VTSAX Vanguard Total StockPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.94VTSMX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr
  0.94VSTSX Vanguard Total StockPairCorr
  0.94VSMPX Vanguard Total StockPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.94VFFSX Vanguard 500 IndexPairCorr
  0.96BSDAX Blackrock Smid CapPairCorr
  0.88MEGIX Msvif Growth PortPairCorr
  0.97FZROX Fidelity Zero TotalPairCorr
  0.9VAADX Virtus ConvertiblePairCorr
  0.91GVCAX Gabelli ValuePairCorr
  0.74EOD Allspring Global DividendPairCorr
  0.93ELFNX Elfun Trusts ElfunPairCorr
  0.65AHYDX High Yield FundPairCorr
  0.94USPRX Sp 500 IndexPairCorr
  0.85CLM Cornerstone StrategicPairCorr
  0.83AMECX Income FundPairCorr
  0.89RGGEX American Funds GlobalPairCorr
  0.91WCPSX Mobile TelecommunicatioPairCorr
  0.83WAMIX Wstcm Credit SelectPairCorr
  0.79FSUTX Utilities PortfolioPairCorr
  0.63RA Brookfield Real AssetsPairCorr
  0.91FIVUX First Investors OppoPairCorr
  0.95AMGOX Alger Mid CapPairCorr
  0.77HIX Western Asset HighPairCorr
  0.85FGRIX Fidelity Growth IncomePairCorr
  0.79ACP Aberdeen Income CreditPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
VTSMXVTSAX
VSTSXVTSAX
VSMPXVTSAX
VFFSXVTSAX
VITSXVFIAX
VFINXVFIAX
  
High negative correlations   
VTIAXVSMPX
VTIAXVSTSX
VTIAXVITSX
VTIAXVTSMX
VTIAXVTSAX
VTIAXVFFSX

Risk-Adjusted Indicators

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