Columbia Thermostat Correlations

Mutual Funds . USA . 
Fund . Columbia Thermostat Fund
CYYYX Fund  USD 16.28  0.07  0.43%   
The correlation of Columbia Thermostat 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 Thermostat Correlation With Market

Poor diversification

The correlation between Columbia Thermostat Fund and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Thermostat Fund 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 Thermostat Fund. 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 manufacturing.

Moving together with Columbia Mutual Fund

  0.63SRINX Columbia Porate IncomePairCorr
  0.85CDDYX Columbia Dividend IncomePairCorr
  0.89CDDRX Columbia Dividend IncomePairCorr
  0.84CDEYX Columbia DiversifiedPairCorr
  0.85CDIRX Columbia Dividend IncomePairCorr
  0.79AMTCX Columbia Capital AllPairCorr
  0.9CDOZX Columbia DividendPairCorr
  0.8CDOYX Columbia DividendPairCorr
  0.83CDVZX Columbia DiversifiedPairCorr
  0.78CVQZX Columbia DisciplinedPairCorr
  0.64CEKYX Columbia Emerging MarketsPairCorr
  0.74CEPRX Columbia Income OppoPairCorr
  0.88CEVYX Columbia Global EquityPairCorr
  0.72CEVZX Columbia Global EquityPairCorr
  0.8RPCCX Columbia Capital AllPairCorr
  0.9CFCYX Columbia Flexible CapitalPairCorr
  0.9CFIZX Columbia Flexible CapitalPairCorr
  0.9CFXRX Columbia Flexible CapitalPairCorr
  0.81APECX Columbia High YieldPairCorr
  0.7CGEZX Columbia Select GlobalPairCorr

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   
CKKRX
+ 0.83
COTZX
CBDYX
+ 0.7
COTZX
CBDYX
+ 0.24
CKKRX
COTZX
+ 0.0
CTORX
CKKRX
+ 0.0
CTORX
CNMRX
+ 0.0
CTORX
  
High negative correlations   
CBDYX
- 0.0
CNMRX
CNMRX
- 0.0
CKKRX
CNMRX
- 0.0
COTZX
CBDYX
- 0.0
CTORX
CNMRX
- 0.0
CTORX
CKKRX
- 0.0
CTORX

Risk-Adjusted Indicators

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