Columbia Dividend Correlations

Mutual Funds . USA . 
Fund . Columbia Dividend Income
LBSCX Fund  USD 32.36  0.10  0.31%   
The current 90-days correlation between Columbia Dividend Income and Ab Bond Inflation is 0.14 (i.e., Average diversification). The correlation of Columbia Dividend 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 Dividend Correlation With Market

Very poor diversification

The correlation between Columbia Dividend Income and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Dividend Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Columbia Dividend Income. 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

  0.77CDOAX Columbia DividendPairCorr
  0.81ILVBX Columbia Integrated LargePairCorr
  0.82ILVFX Columbia Integrated LargePairCorr
  0.88IMRFX Columbia Global OppoPairCorr
  0.97CFIGX Columbia Flexible CapitalPairCorr
  0.97CFIAX Columbia Flexible CapitalPairCorr
  0.61PHIKX Columbia VertiblePairCorr
  0.96INDZX Columbia DiversifiedPairCorr
  0.63INEAX Columbia High YieldPairCorr
  0.96INUTX Columbia DividendPairCorr
  0.82SVLCX Columbia Select LargePairCorr
  0.87NBICX Columbia Capital AllPairCorr
  0.89NBIAX Columbia Capital AllPairCorr
  0.68RBBAX Columbia Income BuilderPairCorr
  0.79RBGCX Columbia Capital AllPairCorr
  0.65NCIDX Columbia ConvertiblePairCorr
  0.71ABDAX Columbia Capital AllPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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