Columbia Flexible Correlations

Mutual Funds . USA . 
Fund . Columbia Flexible Capital
CFIAX Fund  USD 14.32  0.07  0.49%   
The current 90-days correlation between Columbia Flexible Capital and Tax Managed International Equity is 0.59 (i.e., Very weak diversification). The correlation of Columbia Flexible 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 Flexible Correlation With Market

Very weak diversification

The correlation between Columbia Flexible Capital and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Flexible Capital 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 Flexible Capital. 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

  0.61LHIAX Columbia High YieldPairCorr
  0.76IMRFX Columbia Global OppoPairCorr
  1.0CFIGX Columbia Flexible CapitalPairCorr
  0.81LIACX Columbia AcornPairCorr
  0.83PHIKX Columbia ConvertiblePairCorr
  0.61LIBAX Columbia Total ReturnPairCorr
  0.66INEAX Columbia High YieldPairCorr
  0.64LIIAX Columbia Porate IncomePairCorr
  0.61INTAX Columbia StrategicPairCorr
  0.68LITAX Columbia Amt FreePairCorr
  0.83CGOAX Columbia Small CapPairCorr
  0.77SVLCX Columbia Select LargePairCorr
  0.82NSGAX Columbia Select LargePairCorr
  0.7NSMMX Columbia Short TermPairCorr
  0.62NBICX Columbia Capital AllPairCorr
  0.64NBIAX Columbia Capital AllPairCorr
  0.61NTIAX Columbia Mid CapPairCorr
  0.91RBBAX Columbia Income BuilderPairCorr
  0.89RBBCX Columbia Income BuilderPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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