Columbia Select Correlations

Mutual Funds . USA . 
Fund . Columbia Select Large Cap
CSRYX Fund  USD 39.45  0.16  0.41%   
The current 90-days correlation between Columbia Select Large and Columbia Select Large Cap is -0.11 (i.e., Good diversification). The correlation of Columbia Select 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 Select Correlation With Market

Very poor diversification

The correlation between Columbia Select Large Cap and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Select 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 Select 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

  0.82SRINX Columbia Porate IncomePairCorr
  0.68CUSBX Columbia Ultra ShortPairCorr
  0.81CDAZX Multi Manager DirectPairCorr
  0.98CUURX Columbia Small CapPairCorr
  0.99CDDYX Columbia Dividend IncomePairCorr
  0.84CDDRX Columbia Dividend IncomePairCorr
  0.83CDEYX Columbia DiversifiedPairCorr
  0.85CDIRX Columbia Dividend IncomePairCorr
  0.84AMTCX Columbia Capital AllPairCorr
  0.65CDOZX Columbia DividendPairCorr
  0.85CDOYX Columbia DividendPairCorr
  0.99CVERX Columbia Mid CapPairCorr
  0.83CDVZX Columbia DiversifiedPairCorr
  0.67CEBYX Columbia Emerging MarketsPairCorr
  0.68CEBRX Columbia Emerging MarketsPairCorr
  0.83CECYX Columbia Large CapPairCorr
  0.84SSVIX Columbia Select SmallerPairCorr
  0.85CEKYX Columbia Emerging MarketsPairCorr
  0.97CEKRX Columbia Emerging MarketsPairCorr
  0.86CEPRX Columbia Income OppoPairCorr
  0.67CEVYX Columbia Global EquityPairCorr
  0.81CEVZX Columbia Global EquityPairCorr
  0.8RPCCX Columbia Capital AllPairCorr
  0.98GEGTX Columbia Large CapPairCorr
  0.85CFCYX Columbia Flexible CapitalPairCorr
  0.76CFCIX Columbia Large CapPairCorr
  0.83CLM Cornerstone StrategicPairCorr
  0.98CFIZX Columbia Flexible CapitalPairCorr
  0.85SCIRX Columbia SeligmanPairCorr
  0.85CFRZX Columbia Floating RatePairCorr
  0.85CFRYX Columbia Floating RatePairCorr
  0.85SCMIX Columbia SeligmanPairCorr
  0.65CFXRX Columbia Flexible CapitalPairCorr
  0.63APECX Columbia High YieldPairCorr
  0.98CGFYX Columbia Large CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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