Columbia Government Correlations

Mutual Funds . USA . 
Fund . Columbia Government Mortgage
CUVRX Fund  USD 17.61  0.02  0.11%   
The current 90-days correlation between Columbia Government and Mid Cap Growth Profund is 0.11 (i.e., Average diversification). The correlation of Columbia Government 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 Government Correlation With Market

Average diversification

The correlation between Columbia Government Mortgage 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 Government Mortgage 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 Government Mortgage. 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

  0.93SRINX Columbia Porate IncomePairCorr
  0.98CUTRX Columbia Treasury IndexPairCorr
  0.97CUTYX Columbia Treasury IndexPairCorr
  0.68CEBYX Columbia Emerging MarketsPairCorr
  0.63CEBSX Columbia Emerging MarketsPairCorr
  0.87RPCCX Columbia Capital AllPairCorr
  0.98LIBCX Columbia Total ReturnPairCorr

Moving against Columbia Mutual Fund

  0.84CDAZX Multi Manager DirectPairCorr
  0.83CECFX Columbia Large CapPairCorr
  0.8CECYX Columbia Large CapPairCorr
  0.77GEGTX Columbia Large CapPairCorr
  0.74CDEYX Columbia DiversifiedPairCorr
  0.74CDORX Columbia DividendPairCorr
  0.74CEARX Columbia Acorn Steady GrowthPairCorr
  0.73CDVZX Columbia DiversifiedPairCorr
  0.72CUSBX Columbia Ultra ShortPairCorr
  0.72CDOYX Columbia DividendPairCorr
  0.72SSVIX Columbia Select SmallerPairCorr
  0.71CUSHX Columbia Ultra ShortPairCorr
  0.71CVVRX Columbia Small CapPairCorr
  0.7CUURX Columbia Small CapPairCorr
  0.66CVIRX Columbia Dividend IncomePairCorr
  0.64CDDYX Columbia Dividend IncomePairCorr
  0.63CDIRX Columbia Dividend IncomePairCorr
  0.63CVERX Columbia Mid CapPairCorr
  0.56CEVYX Columbia Global EquityPairCorr
  0.56CEVZX Columbia Global EquityPairCorr
  0.34CEMHX Columbia Emerging MarketsPairCorr
  0.86CLM Cornerstone StrategicPairCorr
  0.84CFLRX Columbia Floating RatePairCorr
  0.84CFRZX Columbia Floating RatePairCorr
  0.84CFRYX Columbia Floating RatePairCorr
  0.8CGTRX Columbia Select LargePairCorr
  0.8UMLGX Columbia Select LargePairCorr
  0.8CHHRX Columbia Small Cap Steady GrowthPairCorr
  0.79SCIOX Columbia SeligmanPairCorr
  0.79CGTUX Columbia Global TechPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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