Columbia Large Correlations

Mutual Funds . USA . 
Fund . Columbia Large Cap
NMIMX Fund  USD 26.38  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

Poor diversification

The correlation between Columbia Large Cap and DJI is 0.73 (i.e., 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 population.

Moving together with Columbia Mutual Fund

  0.63CDEYX Columbia DiversifiedPairCorr
  0.64AMTCX Columbia Capital AllPairCorr
  0.84CLM Cornerstone StrategicPairCorr
  0.96CXXRX Columbia Small CapPairCorr
  0.96CGTUX Columbia Global TechPairCorr
  0.97NSVAX Columbia Small CapPairCorr
  0.91ACRNX Columbia AcornPairCorr
  0.98CLQZX Columbia DisciplinedPairCorr
  0.65ADECX Columbia DiversifiedPairCorr
  0.93CLSPX Columbia Mid CapPairCorr
  0.98CLWFX Columbia Large CapPairCorr
  0.98CLXRX Columbia Large CapPairCorr
  0.94CMCCX Columbia Mid CapPairCorr
  0.95CMSCX Columbia Small CapPairCorr
  0.96CMTFX Columbia Global TechPairCorr
  0.94COCRX Columbia ConvertiblePairCorr
  0.97COFRX Columbia Trarian CorePairCorr
  0.98NINDX Columbia Large CapPairCorr

Moving against Columbia Mutual Fund

  0.64UMMGX Columbia BondPairCorr
  0.63CIBRX Columbia Total ReturnPairCorr
  0.47SRINX Columbia Porate IncomePairCorr
  0.36SEMAX Columbia Amt FreePairCorr
  0.32RSERX Victory Sophus EmergingPairCorr
  0.59CMGUX Cmg Ultra ShortPairCorr
  0.58LNGZX Columbia Greater ChinaPairCorr
  0.47MBSAX Multisector Bond SmaPairCorr

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   
NSEPX
+ 0.99
NMIAX
NINDX
+ 0.98
NMIAX
NINDX
+ 0.98
NSEPX
JDNAX
+ 0.98
NINDX
JDNAX
+ 0.94
NSEPX
JDNAX
+ 0.93
NMIAX
  
High negative correlations   
JDNAX
- 0.0
CLNCX
NINDX
- 0.0
CLNCX
CLNCX
- 0.0
NSEPX
CLNCX
- 0.0
NMIAX

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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