Columbia Capital Correlations

Mutual Funds . USA . 
Fund . Columbia Capital Allocation
CPARX Fund  USD 13.07  0.13  1.00%   
The current 90-days correlation between Columbia Capital All and Mesirow Financial Small is 0.63 (i.e., Poor diversification). The correlation of Columbia Capital 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 Capital Correlation With Market

ColumbiaDowDiversified AwayColumbiaDowDiversified Away100%

Very weak diversification

The correlation between Columbia Capital Allocation 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 Capital Allocation 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 Capital Allocation. 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 metropolitan statistical area.

Moving together with Columbia Mutual Fund

  0.73SRINX Columbia Porate IncomePairCorr
  0.65CUTRX Columbia Treasury IndexPairCorr
  0.86CDAZX Multi Manager DirectPairCorr
  0.79CUURX Columbia Small CapPairCorr
  0.65CUTYX Columbia Treasury IndexPairCorr
  0.74CDDYX Columbia Dividend IncomePairCorr
  0.74CDDRX Columbia Dividend IncomePairCorr
  0.83CDEYX Columbia DiversifiedPairCorr
  0.75CDIRX Columbia Dividend IncomePairCorr
  0.99AMTCX Columbia Capital AllPairCorr
  0.74CDOZX Columbia DividendPairCorr
  0.73CDOYX Columbia DividendPairCorr
  0.69CVERX Columbia Mid CapPairCorr
  0.78CDVZX Columbia DiversifiedPairCorr
  0.71CVQZX Columbia DisciplinedPairCorr
  0.79CECYX Columbia Large CapPairCorr
  0.66SSVIX Columbia Select SmallerPairCorr
  0.89CEVYX Columbia Global EquityPairCorr
  0.89CEVZX Columbia Global EquityPairCorr
  0.76RPCCX Columbia Capital AllPairCorr
  0.76GEGTX Columbia Large CapPairCorr
  0.66SCIRX Columbia SeligmanPairCorr
  0.73LIBCX Columbia Total ReturnPairCorr
  0.67SCMIX Columbia SeligmanPairCorr
  0.89CGEZX Columbia Select GlobalPairCorr

Moving against Columbia Mutual Fund

  0.35CUSBX Columbia Ultra ShortPairCorr
  0.4CFRZX Columbia Floating RatePairCorr
  0.4CFRYX Columbia Floating RatePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

Trending Assets

FIDSX
Financial Services
15.41  0.06  0.39 
GCFSX
Gabelli Global Financial
16.77  -0.02  -0.12 
RMBKX
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BTO
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PGFMX
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10.55  -0.07  -0.66 
MSVIX
Mesirow Financial Small
12.32  0.13  1.07 
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