Columbia Global Correlations

Mutual Funds USA . 
Fund . Columbia Global Technology
CONIX Fund  USD 11.80  0.03  0.25%   
The current 90-days correlation between Columbia Global Tech and Rbc Emerging Markets is 0.02 (i.e., Significant diversification). The correlation of Columbia Global 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 Global Correlation With Market

Poor diversification

The correlation between Columbia Global Technology and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Global Technology 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 Global Technology. 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 gross domestic product.

Moving together with Columbia Mutual Fund

  0.88OCMPX Lazard InternationalPairCorr
  0.95LZCOX Lazard Small MidPairCorr
  0.86LZFOX Lazard Equity FranchisePairCorr
  0.98LZEMX Lazard Emerging MarketsPairCorr
  0.91LZESX Lazard InternationalPairCorr
  0.86LZFIX Lazard Equity FranchisePairCorr
  0.96LZHYX Lazard Corporate IncomePairCorr
  0.93LZIEX Lazard InternationalPairCorr
  0.93LZIOX Lazard InternationalPairCorr
  0.96LZHOX Lazard Corporate IncomePairCorr
  0.95LZISX Lazard InternationalPairCorr
  0.98LZOEX Lazard Emerging MarketsPairCorr
  0.91LZSIX Lazard InternationalPairCorr
  0.96LZSMX Lazard InternationalPairCorr
  0.95GESIX Lazard Global EquityPairCorr
  0.95GESOX Lazard Global EquityPairCorr
  0.94LZSCX Lazard Small MidPairCorr
  0.98LZUOX Lazard Strategic EquityPairCorr
  0.98LZUSX Lazard Strategic EquityPairCorr
  0.96LISIX Lazard InternationalPairCorr
  0.95LISOX Lazard InternationalPairCorr
  0.95SUSTX Lazard Sustainable EquityPairCorr
  0.95SUSLX Lazard Sustainable EquityPairCorr
  0.78UMNIX Lazard Short DurationPairCorr
  0.77UMNOX Lazard Short DurationPairCorr
  0.91RALIX Lazard Real AssetsPairCorr
  0.91RALOX Lazard Real AssetsPairCorr
  0.91RALYX Lazard Real AssetsPairCorr
  0.9RCMPX Lazard InternationalPairCorr
  0.8RUSRX Lazard Systematic SmallPairCorr
  0.98ECEOX Lazard Emerging MarketsPairCorr
  0.98ECEIX Lazard Emerging MarketsPairCorr
  0.98READX Lazard Emerging MarketsPairCorr
  0.87GLFOX Lazard Global ListedPairCorr
  0.87GLIFX Lazard Global ListedPairCorr
  0.9ICMPX Lazard InternationalPairCorr
  0.82IEAIX Lazard InternationalPairCorr
  1.0CONOX Lazard FundsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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