Columbia Thermostat Correlations

CYYYX Fund  USD 16.31  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

Very good diversification

The correlation between Columbia Thermostat Fund and DJI is -0.21 (i.e., Very good 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

  0.92SRINX Columbia Porate IncomePairCorr
  0.87CUTRX Columbia Treasury IndexPairCorr
  0.64CDAZX Multi Manager DirectPairCorr
  0.88CUTYX Columbia Treasury IndexPairCorr
  0.8CDDYX Columbia Dividend IncomePairCorr
  0.81CDDRX Columbia Dividend IncomePairCorr
  0.8CDEYX Columbia DiversifiedPairCorr
  0.81CDIRX Columbia Dividend IncomePairCorr
  0.81AMTCX Columbia Capital AllPairCorr
  0.77CDOZX Columbia DividendPairCorr
  0.78CDOYX Columbia DividendPairCorr
  0.7CDVZX Columbia DiversifiedPairCorr
  0.8CEBYX Columbia Emerging MarketsPairCorr
  0.82CEBRX Columbia Emerging MarketsPairCorr
  0.73CEPRX Columbia Income OppoPairCorr
  0.82CEVYX Columbia Global EquityPairCorr
  0.83CEVZX Columbia Global EquityPairCorr
  0.9RPCCX Columbia Capital AllPairCorr
  0.86CFCYX Columbia Flexible CapitalPairCorr
  0.86CFIZX Columbia Flexible CapitalPairCorr
  0.88LIBCX Columbia Total ReturnPairCorr
  0.86CFXRX Columbia Flexible CapitalPairCorr
  0.78APECX Columbia High YieldPairCorr
  0.78CGEZX 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   
CKKRXCOTZX
CBDYXCKKRX
CBDYXCOTZX
COTZXCTORX
CKKRXCTORX
CNMRXCTORX
  
High negative correlations   
CBDYXCNMRX
CNMRXCKKRX
CNMRXCOTZX
CBDYXCTORX
CNMRXCTORX
CKKRXCTORX

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.