Columbia Income Correlations

CBURX Fund  USD 12.58  0.05  0.40%   
The current 90-days correlation between Columbia Income Builder and Rational Strategic Allocation is 0.1 (i.e., Average diversification). The correlation of Columbia Income 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 Income Correlation With Market

Average diversification

The correlation between Columbia Income Builder and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Income Builder 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 Income Builder. 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 persons.

Moving together with Columbia Mutual Fund

  0.74CDDYX Columbia Dividend IncomePairCorr
  0.72CDDRX Columbia Dividend IncomePairCorr
  0.7CDEYX Columbia DiversifiedPairCorr
  0.72AMTCX Columbia Capital AllPairCorr
  0.83CDOZX Columbia DividendPairCorr
  0.83CDOYX Columbia DividendPairCorr
  0.82CVERX Columbia Mid CapPairCorr
  0.87CECYX Columbia Large CapPairCorr
  0.89SSVIX Columbia Select SmallerPairCorr
  0.83CEVZX Columbia Global EquityPairCorr
  0.72RPCCX Columbia Capital AllPairCorr
  0.74CLM Cornerstone Strategic Sell-off TrendPairCorr
  0.68SCIRX Columbia SeligmanPairCorr
  0.8SCMIX Columbia SeligmanPairCorr
  0.97CFXRX Columbia Flexible CapitalPairCorr
  0.89APECX Columbia High YieldPairCorr
  0.72CGFYX Columbia Large CapPairCorr
  0.91CXXRX Columbia Small CapPairCorr
  0.8CGWRX Columbia Large CapPairCorr
  0.92NAMAX Columbia Mid CapPairCorr
  0.69NSGCX Columbia Select LargePairCorr
  0.83NSEPX Columbia Select LargePairCorr
  0.91CYYYX Columbia ThermostatPairCorr
  0.81CZAMX Active Portfolios MultiPairCorr
  0.76NBGPX Columbia Capital AllPairCorr
  0.85CIBYX Columbia Income BuilderPairCorr
  0.8RSOOX Columbia DividendPairCorr
  0.68SGTTX Columbia Seligman GlobalPairCorr
  0.85CKKRX Columbia Income BuilderPairCorr
  0.68RDCEX Columbia DisciplinedPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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