Columbia Moderate Correlations

Mutual Funds . USA . 
Fund . Columbia Moderate Growth
CTEMX Fund  USD 40.36  0.03  0.07%   
The current 90-days correlation between Columbia Moderate Growth and James Balanced Golden is 0.09 (i.e., Significant 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

Average diversification

The correlation between Columbia Moderate Growth and DJI is 0.15 (i.e., Average 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 population.

Moving together with Columbia Mutual Fund

  0.75VTSAX Vanguard Total StockPairCorr
  0.73VFIAX Vanguard 500 IndexPairCorr
  0.79VTSMX Vanguard Total StockPairCorr
  0.77VITSX Vanguard Total StockPairCorr
  0.79VSTSX Vanguard Total StockPairCorr
  0.79VSMPX Vanguard Total StockPairCorr
  0.73VFINX Vanguard 500 IndexPairCorr
  0.78VFFSX Vanguard 500 IndexPairCorr
  0.66PIAMX Pia High YieldPairCorr
  0.63EMPIX Ambassador FundPairCorr
  0.61NML Neuberger Berman Mlp Normal TradingPairCorr
  0.8VWELX Vanguard WellingtonPairCorr
  0.71BTO John Hancock FinancialPairCorr
  0.67AOFIX Alger Small CapPairCorr
  0.63NLSCX Neuberger Berman LongPairCorr
  0.75FXAIX Fidelity 500 IndexPairCorr
  0.76JHQCX Jpmorgan Hedged EquityPairCorr
  0.77VLCAX Vanguard Large CapPairCorr
  0.67HSUTX Rational Defensive GrowthPairCorr
  0.8GAB Gabelli Equity TrustPairCorr
  0.72BFIUX Baron FintechPairCorr
  0.77HSSAX Emerald Banking AndPairCorr

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   
OGMCX
+ 0.99
SGDLX
OGMCX
+ 0.78
GEBIX
GEBIX
+ 0.73
SGDLX
MXKJX
+ 0.61
GLRBX
OGMCX
+ 0.56
GLRBX
SGDLX
+ 0.49
GLRBX
  
High negative correlations   
SPPIX
- 0.98
OGMCX
SPPIX
- 0.98
SGDLX
SPPIX
- 0.79
GEBIX
SPPIX
- 0.52
GLRBX
MXKJX
- 0.08
GEBIX
MXKJX
- 0.05
SPPIX

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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