Columbia Small Correlations

CSCRX Fund  USD 26.28  0.04  0.15%   
The current 90-days correlation between Columbia Small Cap and Doubleline Total Return is -0.1 (i.e., Good diversification). The correlation of Columbia Small 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 Small Correlation With Market

Poor diversification

The correlation between Columbia Small Cap and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Small 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 Small 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 metropolitan statistical area.

Moving together with Columbia Mutual Fund

  0.82CDAZX Multi-manager DirectionalPairCorr
  0.98CUURX Columbia Small CapPairCorr
  0.93CVERX Columbia Mid CapPairCorr
  0.7CVQZX Columbia DisciplinedPairCorr
  0.94CECYX Columbia Large CapPairCorr
  0.98SSVIX Columbia Select SmallerPairCorr
  0.94GEGTX Columbia Large CapPairCorr
  0.65CFCIX Columbia Large CapPairCorr
  0.88CLM Cornerstone Strategic Potential GrowthPairCorr
  0.98SCIRX Columbia SeligmanPairCorr
  0.98SCMIX Columbia SeligmanPairCorr
  0.74CGEZX Columbia Select GlobalPairCorr

Moving against Columbia Mutual Fund

  0.79CUTRX Columbia Treasury IndexPairCorr
  0.79CUTYX Columbia Treasury IndexPairCorr
  0.63CUSBX Columbia Ultra ShortPairCorr
  0.61CEBYX Columbia Emerging MarketsPairCorr
  0.58SRINX Columbia Porate IncomePairCorr
  0.78LIBCX Columbia Total ReturnPairCorr
  0.62CEBRX Columbia Emerging MarketsPairCorr
  0.35CEPRX Columbia Income OppoPairCorr
  0.79CGVRX Columbia GovernmentPairCorr
  0.74CGCYX Columbia Greater ChinaPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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