Columbia Commodity Correlations

CCSAX Fund  USD 9.00  0.07  0.78%   
The current 90-days correlation between Columbia Modity Strategy and Dunham Real Estate is -0.06 (i.e., Good diversification). The correlation of Columbia Commodity 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 Commodity Correlation With Market

Significant diversification

The correlation between Columbia Modity Strategy and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Modity Strategy 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 Modity Strategy. 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

  0.62SRIJX Columbia Corporate IncomePairCorr
  0.65CUSOX Columbia Ultra ShortPairCorr
  0.64CDOAX Columbia DividendPairCorr
  0.62ILGJX Columbia Integrated LargePairCorr
  0.67CEVAX Columbia Global ValuePairCorr
  0.65IMRFX Columbia Global OppoPairCorr
  0.67CFIGX Columbia Flexible CapitalPairCorr
  0.67CFIAX Columbia Flexible CapitalPairCorr
  0.69SCICX Columbia SeligmanPairCorr
  0.67PHIKX Columbia ConvertiblePairCorr
  0.65INEAX Columbia High YieldPairCorr
  0.62LIIAX Columbia Porate IncomePairCorr
  0.65INUTX Columbia DividendPairCorr
  0.67CGOAX Columbia Small CapPairCorr
  0.65CGTDX Columbia Global TechPairCorr
  0.61AQEAX Columbia DisciplinedPairCorr
  0.61UMEBX Columbia Emerging MarketsPairCorr

Moving against Columbia Mutual Fund

  0.46INTAX Columbia StrategicPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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