Cmg Ultra Correlations

Mutual Funds . USA . 
Fund . Cmg Ultra Short
CMGUX Fund  USD 9.27  0.00  0.00%   
The current 90-days correlation between Cmg Ultra Short and Greenspring Fund Retail is -0.04 (i.e., Good diversification). The correlation of Cmg Ultra 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.

Cmg Ultra Correlation With Market

Good diversification

The correlation between Cmg Ultra Short and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cmg Ultra Short 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 Cmg Ultra Short. 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 employment.

Moving together with Cmg Mutual Fund

  0.88SRINX Columbia Porate IncomePairCorr
  0.99CUSBX Columbia Ultra ShortPairCorr
  0.91CDAZX Multi-manager DirectionalPairCorr
  0.95CDDRX Columbia Dividend IncomePairCorr
  0.93CDEYX Columbia DiversifiedPairCorr
  0.96AMTCX Columbia Capital AllPairCorr
  0.95CDOYX Columbia DividendPairCorr
  0.9CVQZX Columbia DisciplinedPairCorr
  0.95CEBRX Columbia Emerging MarketsPairCorr
  0.94CECYX Columbia Large CapPairCorr
  0.92CEKYX Columbia Emerging MarketsPairCorr
  0.97CEPRX Columbia Income OppoPairCorr
  0.95CEVZX Columbia Global EquityPairCorr
  0.95RPCCX Columbia Capital AllPairCorr
  0.94GEGTX Columbia Large CapPairCorr
  0.94CLM Cornerstone StrategicPairCorr
  0.95CFIZX Columbia Flexible CapitalPairCorr
  0.95SCIRX Columbia SeligmanPairCorr
  0.74LIBCX Columbia Total ReturnPairCorr
  0.95SCMIX Columbia SeligmanPairCorr
  0.95CFXRX Columbia Flexible CapitalPairCorr
  0.96APECX Columbia High YieldPairCorr
  0.93CGOCX Columbia Small CapPairCorr
  0.92NAMAX Columbia Mid CapPairCorr
  0.91UMLGX Columbia Select LargePairCorr
  0.93CYYYX Columbia ThermostatPairCorr
  0.91NSVAX Columbia Small CapPairCorr
  0.95NBGPX Columbia Capital AllPairCorr
  0.95CIBYX Columbia Income BuilderPairCorr
  0.95RSOOX Columbia DividendPairCorr
  0.96CIOYX Columbia Income OppoPairCorr
  0.95SGTRX Columbia Seligman GlobalPairCorr
  0.95SGTTX Columbia Seligman GlobalPairCorr
  0.95CLBRX Columbia Capital AllPairCorr
  0.96CLIRX Columbia Capital AllPairCorr
  0.9CLSYX Columbia Global DividendPairCorr
  0.94CLSPX Columbia Mid CapPairCorr
  0.93CLWFX Columbia Large CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Cmg Mutual Fund performing well and Cmg Ultra 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 Cmg Ultra'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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