Active Portfolios Correlations

Mutual Funds . USA . 
Fund . Active Portfolios Multi Manager
CZMSX Fund  USD 16.25  0.01  0.06%   
The current 90-days correlation between Active Portfolios Multi and Adams Diversified Equity is 0.09 (i.e., Significant diversification). The correlation of Active Portfolios 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.

Active Portfolios Correlation With Market

Almost no diversification

The correlation between Active Portfolios Multi Manage 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 Active Portfolios Multi Manage 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 Active Portfolios Multi Manager. 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 main economic indicators.

Moving together with Active Mutual Fund

  0.62SRINX Columbia Porate IncomePairCorr
  0.88CUSBX Columbia Ultra ShortPairCorr
  0.78CDAZX Multi Manager DirectPairCorr
  0.98CUURX Columbia Small CapPairCorr
  0.92CDDYX Columbia Dividend IncomePairCorr
  0.96CDDRX Columbia Dividend IncomePairCorr
  0.92CDEYX Columbia DiversifiedPairCorr
  0.96CDIRX Columbia Dividend IncomePairCorr
  0.81AMTCX Columbia Capital AllPairCorr
  0.91CDOZX Columbia DividendPairCorr
  0.91CDOYX Columbia DividendPairCorr
  0.98CVERX Columbia Mid CapPairCorr
  0.96CDVZX Columbia DiversifiedPairCorr
  0.98CVQZX Columbia DisciplinedPairCorr
  0.9CEBYX Columbia Emerging MarketsPairCorr
  0.89CEBRX Columbia Emerging MarketsPairCorr
  0.96CECYX Columbia Large CapPairCorr
  0.98SSVIX Columbia Select SmallerPairCorr
  0.74CEKYX Columbia Emerging MarketsPairCorr
  0.74CEKRX Columbia Emerging MarketsPairCorr
  0.89CEPRX Columbia Income OppoPairCorr
  0.91CEVYX Columbia Global EquityPairCorr
  0.91CEVZX Columbia Global EquityPairCorr
  0.78RPCCX Columbia Capital AllPairCorr
  0.93CFCYX Columbia Flexible CapitalPairCorr
  0.91CLM Cornerstone StrategicPairCorr
  0.93CFIZX Columbia Flexible CapitalPairCorr
  0.93SCIRX Columbia SeligmanPairCorr
  0.68CFRZX Columbia Floating RatePairCorr
  0.69CFRYX Columbia Floating RatePairCorr
  0.91SCMIX Columbia SeligmanPairCorr
  0.93CFXRX Columbia Flexible CapitalPairCorr
  0.88APECX Columbia High YieldPairCorr
  0.77CGEZX Columbia Select GlobalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Active Mutual Fund performing well and Active Portfolios 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 Active Portfolios' 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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