Columbia Greater Correlations

NGCAX Fund  USD 33.06  0.08  0.24%   
The current 90-days correlation between Columbia Greater China and T Rowe Price is 0.02 (i.e., Significant diversification). The correlation of Columbia Greater 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 Greater Correlation With Market

Good diversification

The correlation between Columbia Greater China and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Greater China 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 Greater China. 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 against Columbia Mutual Fund

  0.39LIBAX Columbia Total ReturnPairCorr
  0.37LIIAX Columbia Porate IncomePairCorr
  0.37NSTRX Columbia Short TermPairCorr
  0.33RBBAX Columbia Income BuilderPairCorr
  0.33ABDAX Columbia Capital AllPairCorr
  0.32RBBCX Columbia Income BuilderPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
PATFXBBINX
OKMUXPCMNX
PATFXPRINX
BBINXPRINX
FHYVXPRINX
OKMUXBBINX
  
High negative correlations   
PCMNXGABTX
OKMUXGABTX
BBINXGABTX

Risk-Adjusted Indicators

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