Columbia Income Correlations

Mutual Funds . USA . 
Fund . Columbia Income Builder
CBUZX Fund  USD 12.52  0.01  0.08%   
The current 90-days correlation between Columbia Income Builder and Ab Select Equity is 0.6 (i.e., Poor 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

Poor diversification

The correlation between Columbia Income Builder and DJI is 0.73 (i.e., Poor 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 nation.

Moving together with Columbia Mutual Fund

  0.62CDAZX Multi Manager DirectPairCorr
  0.68CDDYX Columbia Dividend IncomePairCorr
  0.67CDDRX Columbia Dividend IncomePairCorr
  0.78AMTCX Columbia Capital AllPairCorr
  0.97CDOZX Columbia DividendPairCorr
  0.97CDOYX Columbia DividendPairCorr
  0.86CVERX Columbia Mid CapPairCorr
  0.85CECYX Columbia Large CapPairCorr
  0.91SSVIX Columbia Select SmallerPairCorr
  0.75CEKYX Columbia Emerging MarketsPairCorr
  0.75CEKRX Columbia Emerging MarketsPairCorr
  0.9CEVZX Columbia Global EquityPairCorr
  0.77RPCCX Columbia Capital AllPairCorr
  0.69CLM Cornerstone StrategicPairCorr
  0.84SCIRX Columbia SeligmanPairCorr
  0.82SCMIX Columbia SeligmanPairCorr
  0.98CFXRX Columbia Flexible CapitalPairCorr
  0.85APECX Columbia High YieldPairCorr
  0.79CGFYX Columbia Large CapPairCorr
  0.84CXXRX Columbia Small CapPairCorr
  0.79CGWRX Columbia Large CapPairCorr
  0.92NAMAX Columbia Mid CapPairCorr
  0.79NSGCX Columbia Select LargePairCorr
  0.8NSEPX Columbia Select LargePairCorr
  0.9CYYYX Columbia ThermostatPairCorr
  0.64CHHYX Columbia High YieldPairCorr
  0.86CZAMX Active Portfolios MultiPairCorr
  0.9NBGPX Columbia Capital AllPairCorr
  1.0CIBYX Columbia Income BuilderPairCorr
  0.91RSOOX Columbia DividendPairCorr
  0.85SGTRX Columbia Seligman GlobalPairCorr
  0.84SGTTX Columbia Seligman GlobalPairCorr
  0.93CKKRX Columbia Income BuilderPairCorr
  0.83RDCEX 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.

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