Columbia Select Correlations

Mutual Funds . USA . 
Fund . Columbia Select Large Cap
CSVZX Fund  USD 38.16  0.11  0.29%   
The current 90-days correlation between Columbia Select Large and Columbia Seligman Munications is 0.68 (i.e., Poor diversification). 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 0.87 (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 nation.

Moving together with Columbia Mutual Fund

  0.74CUSHX Columbia Ultra ShortPairCorr
  0.71CUSBX Columbia Ultra ShortPairCorr
  0.84CDAZX Multi-manager DirectionalPairCorr
  0.91CUURX Columbia Small CapPairCorr
  0.98CDDYX Columbia Dividend IncomePairCorr
  0.98CDDRX Columbia Dividend IncomePairCorr
  0.96CDEYX Columbia DiversifiedPairCorr
  0.98CDIRX Columbia Dividend IncomePairCorr
  0.62AMTCX Columbia Capital AllPairCorr
  0.98CDOZX Columbia DividendPairCorr
  0.98CDOYX Columbia DividendPairCorr
  0.84CDORX Columbia DividendPairCorr
  0.96CVERX Columbia Mid CapPairCorr
  0.83CVIRX Columbia Dividend IncomePairCorr
  0.96CDVZX Columbia DiversifiedPairCorr
  0.95CVQZX Columbia DisciplinedPairCorr
  0.85CEARX Columbia Acorn Steady GrowthPairCorr
  0.77CVVRX Columbia Small Cap Steady GrowthPairCorr
  0.92CECYX Columbia Large CapPairCorr
  0.83CECFX Columbia Large CapPairCorr
  0.87SSVIX Columbia Select SmallerPairCorr
  0.96CEVYX Columbia Global EquityPairCorr
  0.96CEVZX Columbia Global EquityPairCorr
  0.89GEGTX Columbia Large CapPairCorr
  0.87CFCRX Columbia Flexible CapitalPairCorr
  0.9CFCIX Columbia Large CapPairCorr
  0.83CFDRX Columbia Mid CapPairCorr

Moving against Columbia Mutual Fund

  0.67CUTRX Columbia Treasury IndexPairCorr
  0.67CUTYX Columbia Treasury IndexPairCorr
  0.63CUVRX Columbia GovernmentPairCorr
  0.47SRINX Columbia Porate IncomePairCorr
  0.66CGVRX Columbia GovernmentPairCorr
  0.64LIBCX 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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