Multi-manager Growth Correlations

Mutual Funds . USA . 
Fund . Multi Manager Growth Strategies
CZMGX Fund  USD 19.21  0.09  0.47%   
The current 90-days correlation between Multi Manager Growth and Oklahoma College Savings is 0.9 (i.e., Almost no diversification). The correlation of Multi-manager Growth 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.

Multi-manager Growth Correlation With Market

Poor diversification

The correlation between Multi Manager Growth Strategie and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multi Manager Growth Strategie 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 Multi Manager Growth Strategies. 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 price.

Moving together with Multi-manager Mutual Fund

  0.77CDAZX Multi-manager DirectionalPairCorr
  0.95CUURX Columbia Small CapPairCorr
  0.63AMTCX Columbia Capital AllPairCorr
  0.85CVERX Columbia Mid CapPairCorr
  0.72CVQZX Columbia DisciplinedPairCorr
  0.94SSVIX Columbia Select SmallerPairCorr
  0.99GEGTX Columbia Large CapPairCorr
  0.9CLM Cornerstone StrategicPairCorr
  0.98SCIRX Columbia SeligmanPairCorr
  0.98SCMIX Columbia SeligmanPairCorr
  0.73CGEZX Columbia Select GlobalPairCorr
  0.99CGFYX Columbia Large CapPairCorr
  0.96CXXRX Columbia Small CapPairCorr
  0.99CGQYX Columbia DisciplinedPairCorr
  0.93CGTYX Columbia Seligman Global Potential GrowthPairCorr
  0.93CGTUX Columbia Global TechPairCorr
  0.95CGTRX Columbia Select LargePairCorr
  0.99CGWRX Columbia Large CapPairCorr
  0.9NAMAX Columbia Mid CapPairCorr

Moving against Multi-manager Mutual Fund

  0.7LIBCX Columbia Total ReturnPairCorr
  0.66CGCYX Columbia Greater ChinaPairCorr
  0.61CUSBX Columbia Ultra ShortPairCorr
  0.55SRINX Columbia Porate IncomePairCorr
  0.55CEBYX Columbia Emerging MarketsPairCorr
  0.35CEPRX Columbia Income OppoPairCorr
  0.73UMMGX Columbia BondPairCorr
  0.48NSMIX Columbia Short TermPairCorr
  0.39RSERX Victory Sophus EmergingPairCorr
  0.33CHHYX Columbia High YieldPairCorr
  0.33CHMYX Columbia High YieldPairCorr
  0.31SETMX Columbia Amt FreePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Multi-manager Mutual Fund performing well and Multi-manager Growth 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 Multi-manager Growth'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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