Columbia Large Correlations

Mutual Funds . USA . 
Fund . Columbia Large Cap
CGFYX Fund  USD 83.79  0.35  0.42%   
The current 90-days correlation between Columbia Large Cap and Elfun Diversified Fund is 0.64 (i.e., Poor diversification). 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 0.7 (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 Trending Equities 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 manufacturing.

Moving together with Columbia Mutual Fund

  0.81SRINX Columbia Porate IncomePairCorr
  0.93CUSBX Columbia Ultra ShortPairCorr
  0.95CDAZX Multi-manager DirectionalPairCorr
  0.84CUURX Columbia Small CapPairCorr
  0.98CDDYX Columbia Dividend IncomePairCorr
  0.98CDDRX Columbia Dividend IncomePairCorr
  0.98CDIRX Columbia Dividend IncomePairCorr
  0.87AMTCX Columbia Capital AllPairCorr
  0.87CDOYX Columbia DividendPairCorr
  0.98CVERX Columbia Mid CapPairCorr
  0.99CDVZX Columbia DiversifiedPairCorr
  0.97CVQZX Columbia DisciplinedPairCorr
  0.95CEBYX Columbia Emerging MarketsPairCorr
  0.85CEBRX Columbia Emerging MarketsPairCorr
  0.87CECYX Columbia Large CapPairCorr
  0.96SSVIX Columbia Select SmallerPairCorr
  0.98CEKYX Columbia Emerging MarketsPairCorr
  0.87CEKRX Columbia Emerging MarketsPairCorr
  0.96CEPRX Columbia Income OppoPairCorr
  0.98CEVYX Columbia Global EquityPairCorr
  0.85CEVZX Columbia Global EquityPairCorr
  0.82RPCCX Columbia Capital AllPairCorr
  0.88GEGTX Columbia Large CapPairCorr
  0.98CFCYX Columbia Flexible CapitalPairCorr
  0.87CFCIX Columbia Large CapPairCorr
  0.62CLM Cornerstone StrategicPairCorr
  0.98CFIZX Columbia Flexible CapitalPairCorr
  0.99SCIRX Columbia SeligmanPairCorr
  0.97CFRZX Columbia Floating RatePairCorr
  0.88CFRYX Columbia Floating RatePairCorr
  0.89SCMIX Columbia SeligmanPairCorr
  0.98CFXRX Columbia Flexible CapitalPairCorr
  0.89APECX Columbia High YieldPairCorr
  0.84CGCYX Columbia Greater ChinaPairCorr
  0.98CGEZX Columbia Select GlobalPairCorr

Related Correlations Analysis

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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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