Columbia Balanced Correlations

Mutual Funds . USA . 
Fund . Columbia Balanced Fund
CBLAX Fund  USD 54.67  0.09  0.16%   
The current 90-days correlation between Columbia Balanced and Columbia Trarian Core is -0.03 (i.e., Good diversification). The correlation of Columbia Balanced 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 Balanced Correlation With Market

Very poor diversification

The correlation between Columbia Balanced Fund and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Balanced Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Columbia Balanced 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 nation.

Moving together with Columbia Mutual Fund

  0.88SRIJX Columbia Corporate IncomePairCorr
  0.94CUSOX Columbia Ultra ShortPairCorr
  0.98ILGCX Columbia Integrated LargePairCorr
  0.98ILGGX Columbia Integrated LargePairCorr
  0.96SSCVX Columbia Select SmallerPairCorr
  0.95ILVFX Columbia Integrated LargePairCorr
  0.99IMRFX Columbia Global OppoPairCorr
  0.99CFIGX Columbia Flexible CapitalPairCorr
  0.97CFIAX Columbia Flexible CapitalPairCorr
  0.98LIACX Columbia AcornPairCorr
  0.99SCICX Columbia SeligmanPairCorr
  0.99INDZX Columbia DiversifiedPairCorr
  0.98INEAX Columbia High YieldPairCorr
  0.88LIIAX Columbia Porate IncomePairCorr
  0.86LITAX Columbia Amt FreePairCorr
  0.99INUTX Columbia DividendPairCorr
  0.98CGOAX Columbia Small CapPairCorr
  1.0CGTDX Columbia Global TechPairCorr
  0.94PISJX Columbia Pyrford IntPairCorr
  0.94PISQX Columbia Pyrford IntPairCorr
  0.98AQEAX Columbia DisciplinedPairCorr
  0.99SVLCX Columbia Select LargePairCorr
  0.97UMLAX Columbia Select LargePairCorr
  0.95NSMDX Columbia Short DurationPairCorr
  0.99NBICX Columbia Capital AllPairCorr
  0.96NTIAX Columbia Mid CapPairCorr
  0.98NCIDX Columbia ConvertiblePairCorr
  0.92LMIAX Columbia Amt FreePairCorr
  0.98SHGTX Columbia Seligman GlobalPairCorr
  1.0SHTCX Columbia Seligman GlobalPairCorr
  1.0NEIAX Columbia Large CapPairCorr
  0.89CLABX Columbia Alternative BetaPairCorr
  0.91CLAAX Columbia Alternative BetaPairCorr
  0.72CLMAX Columbia MortgagePairCorr
  0.98NFEDX Columbia Large CapPairCorr
  0.93NFEAX Columbia Large CapPairCorr
  0.88NGCAX Columbia Greater ChinaPairCorr
  0.97RFRAX Columbia Floating RatePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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