Columbia Floating Correlations

Mutual Funds . USA . 
Fund . Columbia Floating Rate
CFRYX Fund  USD 33.65  0.01  0.03%   
The current 90-days correlation between Columbia Floating Rate and Vanguard Small Cap Value is 0.03 (i.e., Significant diversification). The correlation of Columbia Floating 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 Floating Correlation With Market

Significant diversification

The correlation between Columbia Floating Rate and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Floating Rate 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 Floating Rate. 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

  0.93CUSHX Columbia Ultra ShortPairCorr
  0.98CUSBX Columbia Ultra ShortPairCorr
  0.91CDAZX Multi-manager DirectionalPairCorr
  0.76CUURX Columbia Small CapPairCorr
  0.79CDDYX Columbia Dividend IncomePairCorr
  0.79CDDRX Columbia Dividend IncomePairCorr
  0.83CDEYX Columbia DiversifiedPairCorr
  0.79CDIRX Columbia Dividend IncomePairCorr
  0.84CDOZX Columbia DividendPairCorr
  0.84CDOYX Columbia DividendPairCorr
  0.83CDORX Columbia DividendPairCorr
  0.75CVERX Columbia Mid CapPairCorr
  0.78CVIRX Columbia Dividend IncomePairCorr
  0.83CDVZX Columbia DiversifiedPairCorr
  0.87CVQZX Columbia DisciplinedPairCorr
  0.81CEARX Columbia Acorn Steady GrowthPairCorr
  0.73CVVRX Columbia Small CapPairCorr
  0.88CECYX Columbia Large CapPairCorr
  0.87CECFX Columbia Large CapPairCorr
  0.78SSVIX Columbia Select SmallerPairCorr
  0.71CEVYX Columbia Global EquityPairCorr
  0.7CEVZX Columbia Global EquityPairCorr
  0.84GEGTX Columbia Large CapPairCorr
  0.84CFCRX Columbia Flexible CapitalPairCorr
  0.73CFCIX Columbia Large CapPairCorr
  0.74CFDRX Columbia Mid CapPairCorr

Moving against Columbia Mutual Fund

  0.85CUTRX Columbia Treasury IndexPairCorr
  0.85CUVRX Columbia GovernmentPairCorr
  0.84CUTYX Columbia Treasury IndexPairCorr
  0.7SRINX Columbia Porate IncomePairCorr
  0.4CDLRX Columbia Limited DurationPairCorr
  0.39CEBYX Columbia Emerging MarketsPairCorr
  0.39CEBRX Columbia Emerging MarketsPairCorr
  0.85CGVRX Columbia GovernmentPairCorr
  0.84LIBCX Columbia Total ReturnPairCorr
  0.66RPCCX Columbia Capital AllPairCorr
  0.57CGOLX Columbia Global DividendPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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