Columbia Corporate Correlations

SRINX Fund  USD 9.12  0.01  0.11%   
The correlation of Columbia Corporate 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 Corporate Correlation With Market

Average diversification

The correlation between Columbia Porate Income and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Porate Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Columbia Porate Income. 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 board of governors.

Moving together with Columbia Mutual Fund

  0.84RPCCX Columbia Capital AllPairCorr
  0.97UMMGX Columbia BondPairCorr
  0.87CHMCX Columbia High YieldPairCorr
  0.9CHMYX Columbia High YieldPairCorr
  0.87SEMAX Columbia Amt FreePairCorr
  0.76RSERX Victory Sophus EmergingPairCorr
  0.81RSHRX Columbia High YieldPairCorr
  0.88CIMYX Columbia Amt FreePairCorr
  0.72RTCEX Columbia StrategicPairCorr
  0.8NCMAX Columbia Amt FreePairCorr
  0.85LNGZX Columbia Greater ChinaPairCorr
  0.88CMBFX Columbia Amt FreePairCorr
  0.8CMGUX Cmg Ultra ShortPairCorr
  0.95MBSAX Multisector Bond SmaPairCorr
  0.64CREYX Columbia Real EstatePairCorr
  0.64CREEX Columbia Real EstatePairCorr

Moving against Columbia Mutual Fund

  0.61CGTUX Columbia Global TechPairCorr
  0.6CXXRX Columbia Small CapPairCorr
  0.51NSVAX Columbia Small CapPairCorr
  0.5CLM Cornerstone StrategicPairCorr
  0.72ACRNX Columbia AcornPairCorr
  0.64CMSCX Columbia Small CapPairCorr
  0.61CLQZX Columbia DisciplinedPairCorr
  0.61CMTFX Columbia Global TechPairCorr
  0.54CLWFX Columbia Large CapPairCorr
  0.53CPXRX Columbia Mid CapPairCorr
  0.48CLSPX Columbia Mid CapPairCorr
  0.48CMCCX Columbia Mid CapPairCorr
  0.37COCRX Columbia ConvertiblePairCorr
  0.35CLXRX Columbia Large CapPairCorr
  0.35NINDX Columbia Large CapPairCorr
  0.34COFRX Columbia Trarian CorePairCorr

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   
BTOFAFSX
RMBLXFAFSX
SBFAXFAFSX
RMBLXBTO
SBFAXBTO
SBFAXRMBLX
  
High negative correlations   
SBFAXMCBXX
IAAEXMCBXX
RMBLXMCBXX
BTOMCBXX
FAFSXMCBXX

Risk-Adjusted Indicators

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