Columbia Large Correlations

Mutual Funds . USA . 
Fund . Columbia Large Cap
CCMAX Fund  USD 10.35  0.01  0.1%   
The current 90-days correlation between Columbia Large Cap and Conestoga Small Cap is 0.82 (i.e., Very poor diversification). The correlation of Columbia Large 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 Large Correlation With Market

Poor diversification

The correlation between Columbia Large Cap and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Large Cap 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 Large 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 nation.

Moving together with Columbia Mutual Fund

  0.77CMCMX Conestoga Micro CapPairCorr
  0.76CMIRX Conestoga Micro CapPairCorr
  0.86CCASX Conestoga Small CapPairCorr
  0.86CCALX Conestoga Small CapPairCorr
  1.0CCMMX Conestoga Mid CapPairCorr
  0.87CCSMX Conestoga Smid CapPairCorr
  0.87CCSGX Conestoga Smid CapPairCorr
  0.89PAMCX T Rowe PricePairCorr
  0.89RRMGX T Rowe PricePairCorr
  0.82TRQZX T Rowe PricePairCorr
  0.89RPMGX T Rowe PricePairCorr
  0.79PRJIX T Rowe PricePairCorr
  0.82PRNHX T Rowe PricePairCorr
  0.79TRUZX T Rowe PricePairCorr
  0.84PCBIX Midcap Fund InstitutionalPairCorr
  0.79PEMGX Midcap Fund ClassPairCorr
  0.79PMBCX Midcap Fund ClassPairCorr
  0.78VSTSX Vanguard Total StockPairCorr
  0.78VSMPX Vanguard Total StockPairCorr
  0.78VITSX Vanguard Total StockPairCorr
  0.77VFFSX Vanguard 500 IndexPairCorr
  0.7VFIAX Vanguard 500 IndexPairCorr
  0.77VINIX Vanguard InstitutionalPairCorr
  0.78VTSAX Vanguard Total StockPairCorr
  0.71JRI Nuveen Real AssetPairCorr
  0.8RYRUX Russell 2000 2x Steady GrowthPairCorr
  0.83FBALX Fidelity BalancedPairCorr
  0.7SWPPX Schwab Sp 500PairCorr
  0.83VWENX Vanguard WellingtonPairCorr
  0.69LEZAX Blackrock Lifepath EsgPairCorr
  0.72RRTLX T Rowe PricePairCorr
  0.66LBHIX Thrivent High YieldPairCorr
  0.77VFINX Vanguard 500 IndexPairCorr
  0.7PCF Putnam High IncomePairCorr
  0.77VASGX Vanguard LifestrategyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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