Columbia Select Correlations

Mutual Funds . USA . 
Fund . Columbia Select Large Cap
CSRYX Fund  USD 38.89  0.06  0.15%   
The current 90-days correlation between Columbia Select Large and Columbia Select Large Cap is 1.0 (i.e., No risk reduction). The correlation of Columbia Select 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 Select Correlation With Market

Very poor diversification

The correlation between Columbia Select Large Cap and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Select Large 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 Select Large 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 manufacturing.

Moving together with Columbia Mutual Fund

  0.69CUSHX Columbia Ultra ShortPairCorr
  0.7CUSBX Columbia Ultra ShortPairCorr
  0.83CDAZX Multi Manager DirectPairCorr
  0.9CUURX Columbia Small CapPairCorr
  0.97CDDYX Columbia Dividend IncomePairCorr
  0.97CDDRX Columbia Dividend IncomePairCorr
  0.91CDEYX Columbia DiversifiedPairCorr
  0.97CDIRX Columbia Dividend IncomePairCorr
  0.98CDOZX Columbia DividendPairCorr
  0.98CDOYX Columbia DividendPairCorr
  0.92CDORX Columbia DividendPairCorr
  0.96CVERX Columbia Mid CapPairCorr
  0.92CVIRX Columbia Dividend IncomePairCorr
  0.96CDVZX Columbia DiversifiedPairCorr
  0.94CVQZX Columbia DisciplinedPairCorr
  0.9CEARX Columbia Acorn Steady GrowthPairCorr
  0.86CVVRX Columbia Small CapPairCorr
  0.92CECYX Columbia Large CapPairCorr
  0.89CECFX Columbia Large CapPairCorr
  0.85SSVIX Columbia Select SmallerPairCorr
  0.96CEVYX Columbia Global EquityPairCorr
  0.96CEVZX Columbia Global EquityPairCorr
  0.88GEGTX Columbia Large CapPairCorr
  0.95CFCYX Columbia Flexible CapitalPairCorr
  0.92CFCRX Columbia Flexible CapitalPairCorr
  0.89CFCIX Columbia Large CapPairCorr

Moving against Columbia Mutual Fund

  0.69CUTRX Columbia Treasury IndexPairCorr
  0.68CUTYX Columbia Treasury IndexPairCorr
  0.67CUVRX Columbia GovernmentPairCorr
  0.48SRINX Columbia Porate IncomePairCorr
  0.66LIBCX Columbia Total ReturnPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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