Columbia Small Correlations

Mutual Funds USA . 
Fund . Columbia Small Cap
CSIIX Fund  USD 9.25  0.01  0.11%   
The current 90-days correlation between Columbia Small Cap and Qs Growth Fund is 0.61 (i.e., Poor diversification). The correlation of Columbia Small 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 Small Correlation With Market

Almost no diversification

The correlation between Columbia Small Cap and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Small Cap 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 Small Cap. 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 gross domestic product.

Moving together with Columbia Mutual Fund

  0.86CDCRX Copeland Risk ManagedPairCorr
  0.86CDGRX Copeland Risk ManagedPairCorr
  0.87CDIVX Copeland Risk ManagedPairCorr
  0.96CISAX Copeland InternationalPairCorr
  0.94CSDGX Copeland Smid CapPairCorr
  0.94CSMDX Copeland Smid CapPairCorr
  0.83OSMYX Oppenheimer Intl SmallPairCorr
  0.83OSCIX Oppenheimer Intl SmallPairCorr
  0.83OSMNX Oppenheimer Intl SmallPairCorr
  0.95TIDDX T Rowe PricePairCorr
  0.99MIDCX Mfs International NewPairCorr
  0.96MIDBX Mfs International NewPairCorr
  0.99MWNIX Mfs International NewPairCorr
  0.85GOLDX Gabelli Gold Steady GrowthPairCorr
  0.85EKWAX Wells Fargo Advantage Steady GrowthPairCorr
  0.9UNWPX World Precious MineralsPairCorr
  0.85USAGX Precious Metals And Steady GrowthPairCorr
  0.82FKRCX Franklin Gold Precious Steady GrowthPairCorr
  0.85KF Korea ClosedPairCorr
  0.87SGGDX First Eagle Gold Steady GrowthPairCorr
  0.86FSAGX Gold Portfolio Gold Steady GrowthPairCorr
  0.87OPGSX Oppenheimer Gold Spec Steady GrowthPairCorr
  0.9AMPFX Amcap Fund ClassPairCorr
  0.91BBIEX Bridge Builder InterPairCorr
  0.87GAFPX Goldman Sachs EnhancedPairCorr
  0.88TWQAX Transamerica Large CapPairCorr
  0.8TWTIX Intermediate Term TaxPairCorr
  0.95LMOPX Miller Opportunity TrustPairCorr
  0.95MERAX Madison Mid CapPairCorr
  0.65LHIAX Columbia High YieldPairCorr
  0.87DNLDX Dreyfus Active MidcapPairCorr
  0.79TAAUX Transam Short TermPairCorr
  0.79PBCAX Prudential CaliforniaPairCorr
  0.95MCNAX Madison ConservativePairCorr
  0.91RYBMX Basic MaterialsPairCorr
  0.93VEXAX Vanguard Extended MarketPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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