Columbia Growth Correlations

Mutual Funds . USA . 
Fund . Columbia Growth 529
CGAAX Fund  USD 62.94  0.09  0.14%   
The current 90-days correlation between Columbia Growth 529 and Virtus Nfj Large Cap is 0.6 (i.e., Poor diversification). The correlation of Columbia Growth 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 Growth Correlation With Market

Poor diversification

The correlation between Columbia Growth 529 and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Growth 529 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 Growth 529. 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

  0.97VTSAX Vanguard Total StockPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.97VTSMX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.91WWLAX Westwood Largecap ValuePairCorr
  0.63AAAMX American Century OnePairCorr
  0.95ILESX Fisher InvestmentsPairCorr
  0.96AMEIX Equity GrowthPairCorr
  0.86PGAIX Pimco Global MultiPairCorr
  0.98VWELX Vanguard WellingtonPairCorr
  0.68LIGYX Loomis Sayles InternPairCorr
  0.85AMVYX Mid Cap ValuePairCorr
  0.88TLCYX Touchstone Large CapPairCorr
  0.97DFMAX Davidson Multi CapPairCorr
  0.94ARIDX Amg River RoadPairCorr
  0.93AMGOX Alger Mid CapPairCorr
  0.83GAB Gabelli Equity TrustPairCorr
  0.89CFCRX Columbia Flexible CapitalPairCorr
  0.95AMGIX Income GrowthPairCorr
  0.91SAGAX Ridgeworth InnovativePairCorr
  0.71NADCX Nationwide InvestorPairCorr
  0.95GAPIX Goldman Sachs EquityPairCorr
  0.95MLMAX Global E PortfolioPairCorr
  0.94FSEIX Nuveen Mid CapPairCorr

Moving against Columbia Mutual Fund

  0.69PFHCX Pacific Funds SmallPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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