Columbia Growth Correlations

CGSEX Fund  USD 61.46  0.50  0.82%   
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

Good diversification

The correlation between Columbia Growth 529 and DJI is -0.15 (i.e., Good 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 income.

Moving together with Columbia Mutual Fund

  0.95VTSAX Vanguard Total StockPairCorr
  0.93VFIAX Vanguard 500 IndexPairCorr
  0.95VTSMX Vanguard Total StockPairCorr
  0.79VITSX Vanguard Total StockPairCorr
  0.95VSTSX Vanguard Total StockPairCorr
  0.95VSMPX Vanguard Total StockPairCorr
  0.93VFINX Vanguard 500 IndexPairCorr
  0.93VFFSX Vanguard 500 IndexPairCorr
  0.67VGTSX Vanguard Total InterPairCorr
  0.67VTIAX Vanguard Total InterPairCorr
  0.67VTSNX Vanguard Total InterPairCorr
  0.72GMEMX Gmo Emerging MarketsPairCorr
  0.65FNSHX Fidelity Freedom IncomePairCorr
  0.75GCRTX Goldman Sachs AbsolutePairCorr
  0.7DWGAX American Funds DevelopingPairCorr
  0.79PIGDX Pnc International GrowthPairCorr
  0.76ISDIX Voya Index SolutionPairCorr
  0.72FMIYX International FundPairCorr
  0.91VPISX Voya Index SolutionPairCorr
  0.7EMQAX Ashmore Emerging MarketsPairCorr
  0.7CDWAX American Funds DevelopingPairCorr

Moving against Columbia Mutual Fund

  0.38SNPIX Short Oil Gas Steady GrowthPairCorr

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   
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High negative correlations   
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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.