Columbia Small Correlations

Mutual Funds . USA . 
Fund . Columbia Small Cap
CGOAX Fund  USD 27.13  0.04  0.15%   
The current 90-days correlation between Columbia Small Cap and Columbia Global Technology is 0.82 (i.e., Very poor diversification). The correlation of Columbia Small 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 Small Correlation With Market

Good diversification

The correlation between Columbia Small Cap and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Small 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 Small 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 nation.

Moving together with Columbia Mutual Fund

  0.87SRIJX Columbia Corporate IncomePairCorr
  0.93CUSOX Columbia Ultra ShortPairCorr
  0.98CDOAX Columbia DividendPairCorr
  0.99ILGCX Columbia Integrated LargePairCorr
  0.99ILGGX Columbia Integrated LargePairCorr
  0.99ILGJX Columbia Integrated LargePairCorr
  0.97SSCVX Columbia Select SmallerPairCorr
  0.97ILVBX Columbia Integrated LargePairCorr
  0.97ILVFX Columbia Integrated LargePairCorr
  0.61LHIAX Columbia High YieldPairCorr
  0.97CEVAX Columbia Global ValuePairCorr
  0.61IMNTX Columbia Minnesota TaxPairCorr
  0.98IMRFX Columbia Global OppoPairCorr
  0.99CFIGX Columbia Flexible CapitalPairCorr
  0.98CFIAX Columbia Flexible CapitalPairCorr
  0.96LIACX Columbia AcornPairCorr
  0.98SCICX Columbia SeligmanPairCorr
  0.97PHIKX Columbia ConvertiblePairCorr
  0.66LIBAX Columbia Total ReturnPairCorr
  0.99INDZX Columbia DiversifiedPairCorr
  0.97INEAX Columbia High YieldPairCorr
  0.85LIIAX Columbia Porate IncomePairCorr
  0.87LITAX Columbia Amt FreePairCorr
  0.85LITCX Columbia Amt FreePairCorr
  0.97INUTX Columbia DividendPairCorr
  0.99CGTDX Columbia Global TechPairCorr
  0.9NACMX Columbia Amt FreePairCorr
  0.92PISDX Columbia Pyrford IntPairCorr
  0.92PISLX Columbia Pyrford IntPairCorr
  0.92PISOX Columbia Pyrford IntPairCorr
  0.91PISJX Columbia Pyrford IntPairCorr
  0.92PISQX Columbia Pyrford IntPairCorr
  0.99AQEAX Columbia DisciplinedPairCorr
  0.97SVLCX Columbia Select LargePairCorr
  0.97UMEBX Columbia Emerging MarketsPairCorr
  0.97NSGAX Columbia Select LargePairCorr
  0.98UMLAX Columbia Select LargePairCorr
  0.67UMMDX Columbia BondPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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