Columbia Small Correlations

Mutual Funds . USA . 
Fund . Columbia Small Cap
CSIIX Fund  USD 7.91  0.03  0.38%   
The current 90-days correlation between Columbia Small Cap and Gold And Precious is 0.06 (i.e., Significant 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 0.62 (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 gross domestic product.

Moving together with Columbia Mutual Fund

  1.0CISAX Copeland InternationalPairCorr
  0.95OSMYX Oppenheimer Intl SmallPairCorr
  0.95OSCIX Oppenheimer Intl SmallPairCorr
  0.95OSMNX Oppenheimer Intl SmallPairCorr
  0.98TIDDX T Rowe PricePairCorr
  0.91MIDGX Mfs International NewPairCorr
  0.92MIDHX Mfs International NewPairCorr
  0.92MIDRX Mfs International NewPairCorr
  0.83TTEEX T Rowe PricePairCorr
  0.83TREMX T Rowe PricePairCorr
  0.88RERAX Europacific GrowthPairCorr
  0.65LBHIX Thrivent High YieldPairCorr
  0.79JABKX John Hancock FundsPairCorr
  0.81GAB Gabelli Equity TrustPairCorr
  0.8IFTAX Vy Templeton ForeignPairCorr
  0.71PWJQX Prudential JennisonPairCorr
  0.66SIYYX Simt High YieldPairCorr
  0.87RGRPX American Funds RetirementPairCorr
  0.8JSIMX Jpmorgan UnconstrainedPairCorr
  0.83VWILX Vanguard InternationalPairCorr
  0.72BMOAX Blackrock Bond IndexPairCorr
  0.71ABNDX Bond FundPairCorr
  0.8NBHEX Neuberger Berman EquityPairCorr
  0.93JEMCX Jpmorgan Emerging MarketsPairCorr
  0.72CPRSX Clarion Partners RealPairCorr
  0.71MWERX Metwest Esg SecuritizedPairCorr
  0.66QGMNX Aqr Global MacroPairCorr

Moving against Columbia Mutual Fund

  0.44SMPSX Semiconductor UltrasectorPairCorr
  0.42SMPIX Semiconductor UltrasectorPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY