Columbia Amt-free Correlations

Mutual Funds . USA . 
Fund . Columbia Amt Free Intermediate
LITAX Fund  USD 9.54  0.01  0.10%   
The current 90-days correlation between Columbia Amt Free and Shelton Emerging Markets is 0.19 (i.e., Average diversification). The correlation of Columbia Amt-free 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 Amt-free Correlation With Market

Good diversification

The correlation between Columbia Amt Free Intermediate and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Amt Free Intermediate 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 Amt Free Intermediate. 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

  0.92LHIAX Columbia High YieldPairCorr
  0.9IMNTX Columbia Minnesota TaxPairCorr
  0.71IMRFX Columbia Global OppoPairCorr
  0.86LIBAX Columbia Total ReturnPairCorr
  0.64INEAX Columbia High YieldPairCorr
  0.86LIIAX Columbia Porate IncomePairCorr
  0.82INTAX Columbia StrategicPairCorr
  0.94LITCX Columbia Amt FreePairCorr
  0.89NACMX Columbia Amt FreePairCorr
  0.8PISDX Columbia Pyrford IntPairCorr
  0.79PISLX Columbia Pyrford IntPairCorr
  0.79PISOX Columbia Pyrford IntPairCorr
  0.79PISJX Columbia Pyrford IntPairCorr
  0.79PISQX Columbia Pyrford IntPairCorr
  0.84NSMMX Columbia Short TermPairCorr
  0.67NBICX Columbia Capital AllPairCorr
  0.68NBIAX Columbia Capital AllPairCorr
  0.77RBBAX Columbia Income BuilderPairCorr
  0.77RBBCX Columbia Income BuilderPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Amt-free 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 Amt-free'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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