Columbia Balanced Correlations

Mutual Funds . USA . 
Fund . Columbia Balanced Fund
CLREX Fund  USD 55.40  0.28  0.51%   
The current 90-days correlation between Columbia Balanced and Columbia Balanced Fund is 0.05 (i.e., Significant diversification). The correlation of Columbia Balanced 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 Balanced Correlation With Market

Poor diversification

The correlation between Columbia Balanced Fund and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Balanced Fund 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 Balanced Fund. 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

  0.72CUSHX Columbia Ultra ShortPairCorr
  0.64CUSBX Columbia Ultra ShortPairCorr
  0.79CDAZX Multi-manager DirectionalPairCorr
  0.88CUURX Columbia Small CapPairCorr
  0.94CDDYX Columbia Dividend IncomePairCorr
  0.94CDDRX Columbia Dividend IncomePairCorr
  0.91CDEYX Columbia DiversifiedPairCorr
  0.94CDIRX Columbia Dividend IncomePairCorr
  0.79AMTCX Columbia Capital AllPairCorr
  0.9CDOZX Columbia DividendPairCorr
  0.9CDOYX Columbia DividendPairCorr
  0.71CDORX Columbia DividendPairCorr
  0.93CVERX Columbia Mid CapPairCorr
  0.72CVIRX Columbia Dividend IncomePairCorr
  0.91CDVZX Columbia DiversifiedPairCorr
  0.88CVQZX Columbia DisciplinedPairCorr
  0.74CEARX Columbia AcornPairCorr
  0.64CVVRX Columbia Small CapPairCorr
  0.91CECYX Columbia Large CapPairCorr
  0.7CECFX Columbia Large CapPairCorr
  0.84SSVIX Columbia Select SmallerPairCorr
  0.96CEVYX Columbia Global EquityPairCorr
  0.96CEVZX Columbia Global EquityPairCorr
  0.92GEGTX Columbia Large CapPairCorr
  0.91CFCYX Columbia Flexible CapitalPairCorr
  0.77CFCRX Columbia Flexible CapitalPairCorr
  0.81CFCIX Columbia Large CapPairCorr

Moving against Columbia Mutual Fund

  0.52CUTRX Columbia Treasury IndexPairCorr
  0.52CUTYX Columbia Treasury IndexPairCorr
  0.48CUVRX Columbia GovernmentPairCorr
  0.49LIBCX Columbia Total ReturnPairCorr
  0.33CGOLX Columbia Global DividendPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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