Columbia Moderate Correlations

Mutual Funds . USA . 
Fund . Columbia Moderate Growth
CMATX Fund  USD 40.41  0.35  0.86%   
The current 90-days correlation between Columbia Moderate Growth and Doubleline E Fixed is 0.41 (i.e., Very weak diversification). The correlation of Columbia Moderate 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 Moderate Correlation With Market

Weak diversification

The correlation between Columbia Moderate Growth and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Moderate Growth 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 Moderate Growth. 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 estimate.

Moving together with Columbia Mutual Fund

  0.92VTSAX Vanguard Total StockPairCorr
  0.91VFIAX Vanguard 500 IndexPairCorr
  0.92VTSMX Vanguard Total StockPairCorr
  0.92VITSX Vanguard Total StockPairCorr
  0.92VSTSX Vanguard Total StockPairCorr
  0.92VSMPX Vanguard Total StockPairCorr
  0.91VFINX Vanguard 500 IndexPairCorr
  0.91VFFSX Vanguard 500 IndexPairCorr
  0.76VGTSX Vanguard Total InterPairCorr
  0.75VTIAX Vanguard Total InterPairCorr
  0.68RWDNX Redwood Managed VolaPairCorr
  0.7DILYX Davis InternationalPairCorr
  0.71RFJTX American Funds 2015PairCorr
  0.8FFALX Franklin Founding FundsPairCorr
  0.65TIIEX Tiaa Cref InternationalPairCorr
  0.62NUW Nuveen Amt FreePairCorr
  0.66BATIX Bmo Tch PoratePairCorr
  0.68CDHAX Calvert Developed MarketPairCorr
  0.61FSREX Fidelity Series RealPairCorr
  0.63MICSX Matthews Asian GrowthPairCorr
  0.65GSHRX Goldman Sachs HighPairCorr
  0.81MRSJX Mfs Research InternaPairCorr
  0.66CYBAX Calvert High YieldPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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