Columbia Integrated Correlations

ILGCX Fund  USD 20.58  0.56  2.65%   
The current 90-days correlation between Columbia Integrated Large and The Hartford Servative is 0.12 (i.e., Average diversification). The correlation of Columbia Integrated 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 Integrated Correlation With Market

Good diversification

The correlation between Columbia Integrated Large and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Integrated Large and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Columbia Integrated Large. 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 main economic indicators.

Moving together with Columbia Mutual Fund

  1.0ILGGX Columbia Integrated LargePairCorr
  1.0ILGJX Columbia Integrated LargePairCorr
  0.81SSCVX Columbia Select SmallerPairCorr
  0.94ILVBX Columbia Integrated LargePairCorr
  0.95ILVFX Columbia Integrated LargePairCorr
  0.68IMNTX Columbia Minnesota TaxPairCorr
  0.75LIACX Columbia AcornPairCorr
  0.78SCICX Columbia SeligmanPairCorr
  0.62PHIKX Columbia ConvertiblePairCorr
  0.88INDZX Columbia DiversifiedPairCorr
  0.75INTAX Columbia StrategicPairCorr
  0.78INUTX Columbia DividendPairCorr
  0.71CGOAX Columbia Small CapPairCorr
  0.63NACMX Columbia Amt FreePairCorr
  0.7PISDX Columbia Pyrford IntPairCorr
  0.71PISLX Columbia Pyrford IntPairCorr
  0.71PISOX Columbia Pyrford IntPairCorr
  0.71PISJX Columbia Pyrford IntPairCorr
  0.7PISQX Columbia Pyrford IntPairCorr
  0.88AQEAX Columbia DisciplinedPairCorr
  0.7SVLCX Columbia Select LargePairCorr
  0.68NSGAX Columbia Select LargePairCorr
  0.79NBICX Columbia Capital AllPairCorr
  0.78NBIAX Columbia Capital AllPairCorr
  0.81NTIAX Columbia Mid CapPairCorr

Moving against Columbia Mutual Fund

  0.6CUSOX Columbia Ultra ShortPairCorr
  0.4NSTRX Columbia Short TermPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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