Columbia Capital Correlations

Mutual Funds . USA . 
Fund . Columbia Capital Allocation
NBGPX Fund  USD 11.64  0.11  0.94%   
The current 90-days correlation between Columbia Capital All and Alphacentric Lifesci Healthcare is 0.47 (i.e., Very weak diversification). The correlation of Columbia Capital 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 Capital Correlation With Market

Very good diversification

The correlation between Columbia Capital Allocation and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Capital Allocation 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 Capital Allocation. 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 american community survey.

Moving together with Columbia Mutual Fund

  0.7CUURX Columbia Small CapPairCorr
  0.66CDDYX Columbia Dividend IncomePairCorr
  0.67CDDRX Columbia Dividend IncomePairCorr
  0.86CDEYX Columbia DiversifiedPairCorr
  0.71CDIRX Columbia Dividend IncomePairCorr
  0.98AMTCX Columbia Capital AllPairCorr
  0.69CVERX Columbia Mid CapPairCorr
  0.77CDVZX Columbia DiversifiedPairCorr
  0.82CVQZX Columbia DisciplinedPairCorr
  0.77CECYX Columbia Large CapPairCorr
  0.62SSVIX Columbia Select SmallerPairCorr
  0.73CEVYX Columbia Global EquityPairCorr
  0.73CEVZX Columbia Global EquityPairCorr
  0.74GEGTX Columbia Large CapPairCorr
  0.61CFCYX Columbia Flexible CapitalPairCorr
  0.63CFIZX Columbia Flexible CapitalPairCorr
  0.68SCIRX Columbia SeligmanPairCorr
  0.69SCMIX Columbia SeligmanPairCorr
  0.63CFXRX Columbia Flexible CapitalPairCorr
  0.87CGEZX Columbia Select GlobalPairCorr
  0.74CGFYX Columbia Large CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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