Columbia Contrarian Correlations

Mutual Funds . USA . 
Fund . Columbia Trarian Core
LCCAX Fund  USD 38.96  0.23  0.59%   
The current 90-days correlation between Columbia Trarian Core and Alphacentric Lifesci Healthcare is 0.54 (i.e., Very weak diversification). The correlation of Columbia Contrarian 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 Contrarian Correlation With Market

Poor diversification

The correlation between Columbia Trarian Core and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Trarian Core 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 Trarian Core. 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

  0.8CUSOX Columbia Ultra ShortPairCorr
  0.99ILGCX Columbia Integrated LargePairCorr
  0.99ILGGX Columbia Integrated LargePairCorr
  0.86ILGFX Columbia Integrated LargePairCorr
  0.99ILGJX Columbia Integrated LargePairCorr
  0.9SSCVX Columbia Select SmallerPairCorr
  0.94ILVBX Columbia Integrated LargePairCorr
  0.94ILVFX Columbia Integrated LargePairCorr
  0.83ILVEX Columbia Integrated LargePairCorr
  0.91CFIGX Columbia Flexible CapitalPairCorr
  0.93CFIAX Columbia Flexible CapitalPairCorr
  0.96LIACX Columbia AcornPairCorr
  0.98SCICX Columbia SeligmanPairCorr
  0.95PHIKX Columbia ConvertiblePairCorr
  0.95INDZX Columbia DiversifiedPairCorr
  0.95INUTX Columbia DividendPairCorr
  0.96CGOAX Columbia Small CapPairCorr
  0.99AQEAX Columbia DisciplinedPairCorr
  0.93SVLCX Columbia Select LargePairCorr
  0.99NSGAX Columbia Select LargePairCorr
  0.86NBICX Columbia Capital AllPairCorr
  0.87NBIAX Columbia Capital AllPairCorr

Moving against COLUMBIA Mutual Fund

  0.75LIBAX Columbia Total ReturnPairCorr
  0.61LIIAX Columbia Porate IncomePairCorr
  0.33LITCX Columbia Amt FreePairCorr
  0.64PISDX Columbia Pyrford IntPairCorr
  0.64PISLX Columbia Pyrford IntPairCorr
  0.64PISJX Columbia Pyrford IntPairCorr
  0.63PISOX Columbia Pyrford IntPairCorr
  0.63PISQX Columbia Pyrford IntPairCorr
  0.62PISKX Columbia Pyrford IntPairCorr
  0.43LMIAX Columbia Amt FreePairCorr
  0.34NACMX Columbia Amt FreePairCorr
  0.33ABDAX 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 Contrarian 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 Contrarian'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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