Columbia Select Correlations

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.
  
Check out Trending Equities to better understand how to build diversified portfolios. 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 producer price index.

Moving together with Columbia Mutual Fund

  0.64SRINX Columbia Porate IncomePairCorr
  0.85CUSBX Columbia Ultra ShortPairCorr
  0.83CDAZX Multi Manager DirectPairCorr
  0.99CUURX Columbia Small CapPairCorr
  0.94CDDYX Columbia Dividend IncomePairCorr
  0.96CDDRX Columbia Dividend IncomePairCorr
  0.84CDEYX Columbia DiversifiedPairCorr
  0.67CDIRX Columbia Dividend IncomePairCorr
  0.79AMTCX Columbia Capital AllPairCorr
  0.8CDOYX Columbia DividendPairCorr
  0.99CVERX Columbia Mid CapPairCorr
  0.95CDVZX Columbia DiversifiedPairCorr
  0.7CEBYX Columbia Emerging MarketsPairCorr
  0.81CEBRX Columbia Emerging MarketsPairCorr
  0.9SSVIX Columbia Select SmallerPairCorr
  0.81CEKRX Columbia Emerging MarketsPairCorr
  0.71CEPRX Columbia Income OppoPairCorr
  0.64CEVYX Columbia Global EquityPairCorr
  0.64CEVZX Columbia Global EquityPairCorr
  0.95CFCYX Columbia Flexible CapitalPairCorr
  0.64CLM Cornerstone StrategicPairCorr
  0.7CFIZX Columbia Flexible CapitalPairCorr
  0.79SCIRX Columbia SeligmanPairCorr
  0.79SCMIX Columbia SeligmanPairCorr
  0.73APECX Columbia High YieldPairCorr
  0.82CGEZX Columbia Select GlobalPairCorr
  0.83CGFYX Columbia Large CapPairCorr
  0.98CXXRX Columbia Small CapPairCorr
  0.75CGOCX Columbia Small CapPairCorr
  0.69CGQYX Columbia DisciplinedPairCorr
  0.69CGWRX Columbia Large CapPairCorr
  0.99NAMAX Columbia Mid CapPairCorr

Related Correlations Analysis


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.