Columbia New Correlations

CNYCX Fund  USD 25.97  0.09  0.35%   
The current 90-days correlation between Columbia New York and Aqr Managed Futures is 0.14 (i.e., Average diversification). The correlation of Columbia New 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 New Correlation With Market

Average diversification

The correlation between Columbia New York and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia New York 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 New York. 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 main economic indicators.

Moving together with Columbia Mutual Fund

  0.77SRINX Columbia Porate IncomePairCorr
  0.7CUTRX Columbia Treasury IndexPairCorr
  0.66CDAZX Multi Manager DirectPairCorr
  0.66CUURX Columbia Small CapPairCorr
  0.71CUTYX Columbia Treasury IndexPairCorr
  0.71CDEYX Columbia DiversifiedPairCorr
  0.72AMTCX Columbia Capital AllPairCorr
  0.76CEBYX Columbia Emerging MarketsPairCorr
  0.77CEBRX Columbia Emerging MarketsPairCorr
  0.61CEPRX Columbia Income OppoPairCorr
  0.65CEVYX Columbia Global EquityPairCorr
  0.66CEVZX Columbia Global EquityPairCorr
  0.77RPCCX Columbia Capital AllPairCorr
  0.7CFCYX Columbia Flexible CapitalPairCorr
  0.72LIBCX Columbia Total ReturnPairCorr
  0.63SCMIX Columbia SeligmanPairCorr
  0.61APECX Columbia High YieldPairCorr
  0.66CGEZX Columbia Select GlobalPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
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EVOIXQMHIX
AMFAXGPMFX
AMFAXQMHIX
EVOIXGPMFX
EVOIXAMFAX
  
High negative correlations   
QCILIXFIFGX
QCILIXAMFAX
QCILIXEVOIX

Risk-Adjusted Indicators

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