Columbia Large Correlations

Mutual Funds . USA . 
Fund . Columbia Large Cap
NINDX Fund  USD 65.23  0.03  0.05%   
The current 90-days correlation between Columbia Large Cap and Columbia Large Cap is 0.99 (i.e., No risk reduction). The correlation of Columbia Large 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 Large Correlation With Market

Very poor diversification

The correlation between Columbia Large Cap and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Large Cap 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 Large Cap. 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 unemployment.

Moving together with Columbia Mutual Fund

  0.91CUSHX Columbia Ultra ShortPairCorr
  0.83CUSBX Columbia Ultra ShortPairCorr
  0.93CDAZX Multi-manager DirectionalPairCorr
  0.93CUURX Columbia Small CapPairCorr
  0.96CDDYX Columbia Dividend IncomePairCorr
  0.95CDDRX Columbia Dividend IncomePairCorr
  0.96CDEYX Columbia DiversifiedPairCorr
  0.95CDIRX Columbia Dividend IncomePairCorr
  0.95CDOZX Columbia DividendPairCorr
  0.95CDOYX Columbia DividendPairCorr
  0.78CDORX Columbia DividendPairCorr
  0.95CVERX Columbia Mid CapPairCorr
  0.74CVIRX Columbia Dividend IncomePairCorr
  0.96CDVZX Columbia DiversifiedPairCorr
  0.96CVQZX Columbia DisciplinedPairCorr
  0.79CEARX Columbia AcornPairCorr
  0.67CVVRX Columbia Small CapPairCorr
  1.0CECYX Columbia Large CapPairCorr
  0.8CECFX Columbia Large CapPairCorr
  0.92SSVIX Columbia Select SmallerPairCorr
  0.94CEVYX Columbia Global EquityPairCorr
  0.94CEVZX Columbia Global EquityPairCorr
  0.99GEGTX Columbia Large CapPairCorr
  0.95CFCYX Columbia Flexible CapitalPairCorr
  0.83CFCRX Columbia Flexible CapitalPairCorr
  0.84CFCIX Columbia Large CapPairCorr

Moving against Columbia Mutual Fund

  0.77CUTRX Columbia Treasury IndexPairCorr
  0.77CUTYX Columbia Treasury IndexPairCorr
  0.7CUVRX Columbia GovernmentPairCorr
  0.58SRINX Columbia Porate IncomePairCorr
  0.75LIBCX Columbia Total ReturnPairCorr
  0.52CGOLX Columbia Global DividendPairCorr
  0.36RPCCX 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 Large 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 Large'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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