Columbia Bond Correlations

Mutual Funds . USA . 
Fund . Columbia Bond Fund
UMMGX Fund  USD 29.73  0.03  0.10%   
The current 90-days correlation between Columbia Bond and Vanguard Information Technology is -0.12 (i.e., Good diversification). The correlation of Columbia Bond 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 Bond Correlation With Market

Good diversification

The correlation between Columbia Bond Fund and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Bond Fund 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 Bond Fund. 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 price.

Moving together with Columbia Mutual Fund

  0.95SRINX Columbia Porate IncomePairCorr
  1.0CUTRX Columbia Treasury IndexPairCorr
  1.0CUTYX Columbia Treasury IndexPairCorr
  0.7CUVRX Columbia GovernmentPairCorr
  0.76CEBYX Columbia Emerging MarketsPairCorr
  0.77CEBRX Columbia Emerging MarketsPairCorr
  0.89RPCCX Columbia Capital AllPairCorr

Moving against Columbia Mutual Fund

  0.82CUSBX Columbia Ultra ShortPairCorr
  0.78CUSHX Columbia Ultra ShortPairCorr
  0.78CDORX Columbia DividendPairCorr
  0.77CECFX Columbia Large CapPairCorr
  0.73CDAZX Multi Manager DirectPairCorr
  0.73CEARX Columbia AcornPairCorr
  0.71CVIRX Columbia Dividend IncomePairCorr
  0.71CECYX Columbia Large CapPairCorr
  0.65CDOZX Columbia DividendPairCorr
  0.65CDOYX Columbia DividendPairCorr
  0.62CVQZX Columbia DisciplinedPairCorr
  0.61CDEYX Columbia DiversifiedPairCorr
  0.61CDVZX Columbia DiversifiedPairCorr
  0.56CDDYX Columbia Dividend IncomePairCorr
  0.56CDDRX Columbia Dividend IncomePairCorr
  0.55CUURX Columbia Small CapPairCorr
  0.55CDIRX Columbia Dividend IncomePairCorr
  0.55SSVIX Columbia Select SmallerPairCorr
  0.51CVERX Columbia Mid CapPairCorr
  0.51CVVRX Columbia Small CapPairCorr
  0.85CFRZX Columbia Floating RatePairCorr
  0.85CFRYX Columbia Floating RatePairCorr
  0.81CFCRX Columbia Flexible CapitalPairCorr
  0.79CGCHX Columbia Greater ChinaPairCorr
  0.78CEMHX Columbia Emerging MarketsPairCorr
  0.78CFLRX Columbia Floating RatePairCorr
  0.78CGQFX Columbia DisciplinedPairCorr
  0.71CLM Cornerstone StrategicPairCorr
  0.7CGFYX Columbia Large CapPairCorr
  0.69SCIOX Columbia SeligmanPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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