Columbia Large Correlations

Mutual Funds . USA . 
Fund . Columbia Large Cap
NMIAX Fund  USD 26.44  0.01  0.04%   
The current 90-days correlation between Columbia Large Cap and Columbia Large Cap is 1.0 (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

Good diversification

The correlation between Columbia Large Cap and DJI is -0.05 (i.e., Good 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 nation.

Moving together with Columbia Mutual Fund

  0.99VTSAX Vanguard Total StockPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.98VINIX Vanguard InstitutionalPairCorr
  0.98VIIIX Vanguard InstitutionalPairCorr
  0.81WHIYX Ivy High IncomePairCorr
  0.76IVHIX Ivy High IncomePairCorr
  0.75IHIFX Ivy High IncomePairCorr
  0.82WRHIX Ivy High IncomePairCorr
  0.79WHIAX Ivy High IncomePairCorr
  0.73HD Home DepotPairCorr
  0.7BA BoeingPairCorr
  0.73JPM JPMorgan ChasePairCorr
  0.61DIS Walt DisneyPairCorr
  0.89BAC Bank of AmericaPairCorr
  0.86AXP American ExpressPairCorr

Moving against Columbia Mutual Fund

  0.6TRV The Travelers CompaniesPairCorr
  0.61JNJ Johnson JohnsonPairCorr
  0.55KO Coca ColaPairCorr
  0.43PG Procter GamblePairCorr
  0.37T ATT Inc Earnings Call This WeekPairCorr

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   
NSGAX
+ 0.99
NMIMX
NEIAX
+ 0.99
NMIMX
NEIAX
+ 0.98
NSGAX
NLGAX
+ 0.48
NEIAX
NLGAX
+ 0.35
NMIMX
NLGAX
+ 0.33
NSGAX
  
High negative correlations   
CLNCX
- 0.0
NLGAX
CLNCX
- 0.0
NEIAX
CLNCX
- 0.0
NSGAX
CLNCX
- 0.0
NMIMX

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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