Columbia Global Correlations

Mutual Funds . USA . 
Fund . Columbia Global Dividend
CSVFX Fund  USD 20.02  0.07  0.35%   
The current 90-days correlation between Columbia Global Dividend and Guggenheim Managed Futures is 0.55 (i.e., Very weak diversification). The correlation of Columbia Global 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 Global Correlation With Market

Very weak diversification

The correlation between Columbia Global Dividend and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Global Dividend 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 Global Dividend. 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 census.

Moving together with Columbia Mutual Fund

  0.63SRINX Columbia Porate IncomePairCorr
  0.63CEBYX Columbia Emerging MarketsPairCorr
  0.62CEBSX Columbia Emerging MarketsPairCorr
  0.63CEBRX Columbia Emerging MarketsPairCorr
  0.7RPCCX Columbia Capital AllPairCorr

Moving against Columbia Mutual Fund

  0.6CDAZX Multi Manager DirectPairCorr
  0.5CUSBX Columbia Ultra ShortPairCorr
  0.49CUSHX Columbia Ultra ShortPairCorr
  0.36CUURX Columbia Small CapPairCorr
  0.35CDEYX Columbia DiversifiedPairCorr
  0.47SSVIX Columbia Select SmallerPairCorr
  0.41CVQZX Columbia DisciplinedPairCorr
  0.37CECYX Columbia Large CapPairCorr
  0.37CECFX Columbia Large CapPairCorr
  0.36CVVRX Columbia Small CapPairCorr
  0.35CDVZX Columbia DiversifiedPairCorr
  0.68CLM Cornerstone StrategicPairCorr
  0.58CFLRX Columbia Floating RatePairCorr
  0.58CFRZX Columbia Floating RatePairCorr
  0.58CFRYX Columbia Floating RatePairCorr
  0.35GEGTX Columbia Large CapPairCorr
  0.33SCIOX Columbia SeligmanPairCorr

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   
ABNTX
+ 1.0
ANBIX
TIIHX
+ 0.98
ANBIX
ABNTX
+ 0.98
TIIHX
MFTFX
+ 0.92
RYIFX
TIIHX
+ 0.62
MFTFX
MFTFX
+ 0.54
ANBIX
  
High negative correlations   
AUNYX
- 0.5
RYIFX
MFTFX
- 0.33
AUNYX

Risk-Adjusted Indicators

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