Vy(r) Columbia Correlations

Mutual Funds . USA . 
Fund . Vy Umbia Contrarian
ISFIX Fund  USD 16.62  0.03  0.18%   
The current 90-days correlation between Vy Umbia Contrarian and Cmg Ultra Short is -0.07 (i.e., Good diversification). The correlation of Vy(r) Columbia 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.

Vy(r) Columbia Correlation With Market

Good diversification

The correlation between Vy Umbia Contrarian and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vy Umbia Contrarian 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 Vy Umbia Contrarian. 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 gross domestic product.

Moving together with Vy(r) Mutual Fund

  0.93IMCVX Voya Multi ManagerPairCorr
  0.95IMOPX Voya Midcap OpportunitiesPairCorr
  0.83IMOWX Voya Midcap OpportunitiesPairCorr
  0.83IMOZX Voya Midcap OpportunitiesPairCorr
  1.0INGIX Voya Stock IndexPairCorr
  0.83VPISX Voya Index SolutionPairCorr
  0.86VPRAX Voya T RowePairCorr
  0.84VPSAX Voya Index SolutionPairCorr
  0.8IOGPX Vy Oppenheimer GlobalPairCorr
  0.64IPARX Voya Global PerspectivesPairCorr
  0.81IPLIX Voya Index PlusPairCorr
  0.78IPMSX Voya Index PlusPairCorr
  0.81IPLSX Voya Index PlusPairCorr
  0.93IPMIX Voya Index PlusPairCorr
  0.79VRLCX Voya Large CapPairCorr

Moving against Vy(r) Mutual Fund

  0.57IMBAX Voya Limited MaturityPairCorr
  0.55ILMBX Voya Limited MaturityPairCorr
  0.54ILBPX Voya Limited MaturityPairCorr
  0.52ILBAX Voya Bond IndexPairCorr
  0.46ILUAX Voya Bond IndexPairCorr
  0.46IOSSX Voya Global BondPairCorr
  0.45ILABX Voya Bond IndexPairCorr
  0.45IOSAX Voya Global BondPairCorr
  0.44IOSIX Voya Global BondPairCorr
  0.43INGBX Voya Global BondPairCorr
  0.33NAWGX Voya Global EquityPairCorr
  0.33NAWIX Voya Global EquityPairCorr
  0.32NAWCX Voya Global EquityPairCorr
  0.51IPIIX Ing Intermediate BondPairCorr
  0.51IPISX Voya Intermediate BondPairCorr
  0.38VACFX Voya Investment GradePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Vy(r) Mutual Fund performing well and Vy(r) Columbia 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 Vy(r) Columbia'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY