Columbia Strategic Correlations

Mutual Funds . USA . 
Fund . Columbia Strategic Municipal
INTAX Fund  USD 14.35  0.07  0.49%   
The current 90-days correlation between Columbia Strategic and Hennessy Technology Fund is 0.02 (i.e., Significant diversification). The correlation of Columbia Strategic 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 Strategic Correlation With Market

Significant diversification

The correlation between Columbia Strategic Municipal and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Strategic Municipal 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 Strategic Municipal. 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 nation.

Moving together with Columbia Mutual Fund

  0.85LHIAX Columbia High YieldPairCorr
  0.91IMNTX Columbia Minnesota TaxPairCorr
  0.63CFIGX Columbia Flexible CapitalPairCorr
  0.62CFIAX Columbia Flexible CapitalPairCorr
  0.7INEAX Columbia High YieldPairCorr
  0.61LIIAX Columbia Porate IncomePairCorr
  0.95LITAX Columbia Amt FreePairCorr
  0.7INUTX Columbia DividendPairCorr
  0.93NACMX Columbia Amt FreePairCorr
  0.72NSMMX 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 Strategic 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 Strategic'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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