Columbia Balanced Correlations

Mutual Funds . USA . 
Fund . Columbia Balanced Fund
CBLAX Fund  USD 52.80  0.22  0.42%   
The current 90-days correlation between Columbia Balanced and Columbia Trarian Core is 0.45 (i.e., Very weak diversification). The correlation of Columbia Balanced 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 Balanced Correlation With Market

Modest diversification

The correlation between Columbia Balanced Fund and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Balanced Fund 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 Balanced Fund. 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 nation.

Moving together with COLUMBIA Mutual Fund

  0.85ILGCX Columbia Integrated LargePairCorr
  0.85ILGGX Columbia Integrated LargePairCorr
  0.85ILGJX Columbia Integrated LargePairCorr
  0.96SSCVX Columbia Select SmallerPairCorr
  0.9ILVBX Columbia Integrated LargePairCorr
  0.9ILVFX Columbia Integrated LargePairCorr
  0.69LHIAX Columbia High YieldPairCorr
  0.63IMRFX Columbia Global OppoPairCorr
  0.95SCICX Columbia SeligmanPairCorr
  0.7LIBAX Columbia Total ReturnPairCorr
  0.94INDZX Columbia DiversifiedPairCorr
  0.7LIIAX Columbia Porate IncomePairCorr
  0.67INTAX Columbia StrategicPairCorr
  0.94INUTX Columbia DividendPairCorr
  0.81PISDX Columbia Pyrford IntPairCorr
  0.78PISLX Columbia Pyrford IntPairCorr
  0.72PISOX Columbia Pyrford IntPairCorr
  0.82PISJX Columbia Pyrford IntPairCorr
  0.82PISQX Columbia Pyrford IntPairCorr
  0.97AQEAX Columbia DisciplinedPairCorr
  0.89SVLCX Columbia Select LargePairCorr
  0.63NSGAX Columbia Select LargePairCorr
  0.77NBICX Columbia Capital AllPairCorr
  0.76NBIAX Columbia Capital AllPairCorr
  0.94NTIAX Columbia Mid CapPairCorr
  0.7RBBAX Columbia Income BuilderPairCorr
  0.72RBBCX Columbia Income BuilderPairCorr

Moving against COLUMBIA Mutual Fund

  0.62CUSOX Columbia Ultra ShortPairCorr
  0.48NSTRX Columbia Short TermPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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