Columbia Select Correlations

Mutual Funds . USA . 
Fund . Columbia Select Smaller Cap
SSCVX Fund  USD 17.45  0.06  0.34%   
The current 90-days correlation between Columbia Select Smaller and Fidelity Advisor Technology is 0.66 (i.e., Poor 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 Smaller Cap and DJI is 0.82 (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 Smaller Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Columbia Select Smaller 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 real.

Moving together with Columbia Mutual Fund

  0.81SRIJX Columbia Corporate IncomePairCorr
  0.89CUSOX Columbia Ultra ShortPairCorr
  0.97CDOAX Columbia DividendPairCorr
  0.97ILGCX Columbia Integrated LargePairCorr
  0.97ILGGX Columbia Integrated LargePairCorr
  0.97ILGJX Columbia Integrated LargePairCorr
  0.98ILVBX Columbia Integrated LargePairCorr
  0.98ILVFX Columbia Integrated LargePairCorr
  0.96CEVAX Columbia Global ValuePairCorr
  0.68IMNTX Columbia Minnesota TaxPairCorr
  0.96IMRFX Columbia Global OppoPairCorr
  0.98CFIGX Columbia Flexible CapitalPairCorr
  0.98CFIAX Columbia Flexible CapitalPairCorr
  0.98LIACX Columbia AcornPairCorr
  0.97SCICX Columbia SeligmanPairCorr
  0.97PHIKX Columbia ConvertiblePairCorr
  0.62LIBAX Columbia Total ReturnPairCorr
  0.98INDZX Columbia DiversifiedPairCorr
  0.96INEAX Columbia High YieldPairCorr
  0.81LIIAX Columbia Porate IncomePairCorr
  0.88LITAX Columbia Amt FreePairCorr
  0.88LITCX Columbia Amt FreePairCorr
  0.97INUTX Columbia DividendPairCorr
  0.97CGOAX Columbia Small CapPairCorr
  0.97CGTDX Columbia Global TechPairCorr
  0.91NACMX Columbia Amt FreePairCorr
  0.92PISLX Columbia Pyrford IntPairCorr
  0.92PISOX Columbia Pyrford IntPairCorr
  0.92PISJX Columbia Pyrford IntPairCorr
  0.92PISQX Columbia Pyrford IntPairCorr
  0.98AQEAX Columbia DisciplinedPairCorr
  0.98SVLCX Columbia Select LargePairCorr
  0.97UMEBX Columbia Emerging MarketsPairCorr
  0.98NSGAX Columbia Select LargePairCorr
  0.96UMLAX Columbia Select LargePairCorr
  0.91NSMDX Columbia Short DurationPairCorr

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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