Columbia Select Correlations

Mutual Funds . USA . 
Fund . Columbia Select Smaller Cap
SSCVX Fund  USD 14.70  0.38  2.65%   
The current 90-days correlation between Columbia Select Smaller and Guidemark Large Cap is 0.74 (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

Almost no diversification

The correlation between Columbia Select Smaller Cap and DJI is 0.91 (i.e., Almost no 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

  0.7CDOAX Columbia DividendPairCorr
  0.94ILGGX Columbia Integrated LargePairCorr
  0.94ILGJX Columbia Integrated LargePairCorr
  0.97ILVBX Columbia Integrated LargePairCorr
  0.88ILVFX Columbia Integrated LargePairCorr
  0.63IMNTX Columbia Minnesota TaxPairCorr
  0.91IMRFX Columbia Global OppoPairCorr
  0.89CFIGX Columbia Flexible CapitalPairCorr
  0.89CFIAX Columbia Flexible CapitalPairCorr
  0.99LIACX Columbia AcornPairCorr
  0.95SCICX Columbia SeligmanPairCorr
  0.95PHIKX Columbia ConvertiblePairCorr
  0.95INDZX Columbia DiversifiedPairCorr
  0.74INEAX Columbia High YieldPairCorr
  0.85INUTX Columbia DividendPairCorr
  0.98CGOAX Columbia Small CapPairCorr
  0.98AQEAX Columbia DisciplinedPairCorr
  0.86SVLCX Columbia Select LargePairCorr
  0.65UMEBX Columbia Emerging MarketsPairCorr
  0.98NSGAX Columbia Select LargePairCorr
  0.95NBICX Columbia Capital AllPairCorr
  0.94NBIAX Columbia Capital AllPairCorr
  0.96NTIAX Columbia Mid CapPairCorr
  0.63RBBAX Columbia Income BuilderPairCorr
  0.66RBBCX Columbia Income BuilderPairCorr

Moving against Columbia Mutual Fund

  0.89CUSOX Columbia Ultra ShortPairCorr
  0.78LIBAX Columbia Total ReturnPairCorr
  0.74NSTRX Columbia Short TermPairCorr
  0.85CLMCX Columbia MortgagePairCorr
  0.82AUGAX Columbia GovernmentPairCorr

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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