Columbia Large Correlations

Mutual Funds . USA . 
Fund . Columbia Large Cap
CECYX Fund  USD 30.46  0.08  0.26%   
The current 90-days correlation between Columbia Large Cap and Columbia Small Cap is 0.79 (i.e., 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

Very poor diversification

The correlation between Columbia Large Cap and DJI is 0.84 (i.e., Very 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 manufacturing.

Moving together with Columbia Mutual Fund

  0.79CUSHX Columbia Ultra ShortPairCorr
  0.8CUSBX Columbia Ultra ShortPairCorr
  0.93CDAZX Multi Manager DirectPairCorr
  0.92CUURX Columbia Small CapPairCorr
  0.93CDDYX Columbia Dividend IncomePairCorr
  0.93CDDRX Columbia Dividend IncomePairCorr
  0.96CDEYX Columbia DiversifiedPairCorr
  0.93CDIRX Columbia Dividend IncomePairCorr
  0.94CDOZX Columbia DividendPairCorr
  0.94CDOYX Columbia DividendPairCorr
  0.94CDORX Columbia DividendPairCorr
  0.93CVERX Columbia Mid CapPairCorr
  0.93CVIRX Columbia Dividend IncomePairCorr
  0.96CDVZX Columbia DiversifiedPairCorr
  0.97CVQZX Columbia DisciplinedPairCorr
  0.97CEARX Columbia AcornPairCorr
  0.92CVVRX Columbia Small CapPairCorr
  1.0CECFX Columbia Large CapPairCorr
  0.9SSVIX Columbia Select SmallerPairCorr
  0.91CEVYX Columbia Global EquityPairCorr
  0.9CEVZX Columbia Global EquityPairCorr
  0.99GEGTX Columbia Large CapPairCorr
  0.92CFCYX Columbia Flexible CapitalPairCorr
  0.92CFCRX Columbia Flexible CapitalPairCorr
  0.8CFCIX Columbia Large CapPairCorr

Moving against Columbia Mutual Fund

  0.82CUTRX Columbia Treasury IndexPairCorr
  0.82CUTYX Columbia Treasury IndexPairCorr
  0.81CUVRX Columbia GovernmentPairCorr
  0.62SRINX Columbia Porate IncomePairCorr
  0.33CDLRX Columbia Limited DurationPairCorr
  0.8LIBCX Columbia Total ReturnPairCorr
  0.46RPCCX Columbia Capital AllPairCorr

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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