Columbia India Correlations

Etfs . USA . 
Etf . Columbia India Consumer
INCO Etf  USD 67.92  0.99  1.48%   
The current 90-days correlation between Columbia India Consumer and iShares MSCI India is 0.66 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Columbia India moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbia India Consumer moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Columbia India Correlation With Market

Weak diversification

The correlation between Columbia India Consumer and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia India Consumer and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Columbia India Consumer. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Columbia Etf

  0.99INDA iShares MSCI IndiaPairCorr
  0.97EPI WisdomTree India EarningsPairCorr
  0.93INDSX Financial Investors TrustPairCorr
  0.91SMIN iShares MSCI IndiaPairCorr
  0.98PIN Invesco India ETFPairCorr
  0.98FLIN Franklin FTSE IndiaPairCorr
  0.95GLIN VanEck India GrowthPairCorr
  0.98NFTY First Trust IndiaPairCorr
  0.87INDF Exchange Traded ConceptsPairCorr
  0.68FNGD MicroSectors FANG IndexPairCorr
  0.93KO Coca Cola Aggressive PushPairCorr
  0.73JNJ Johnson Johnson Sell-off TrendPairCorr
  0.62MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr

Moving against Columbia Etf

  0.83IXSE IXSEPairCorr
  0.81BTC Grayscale Bitcoin MiniPairCorr
  0.72SHLD Global X FundsPairCorr
  0.66WINN Harbor Long TermPairCorr
  0.78CSCO Cisco Systems Aggressive PushPairCorr
  0.77CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.71DIS Walt DisneyPairCorr
  0.71WMT Walmart Aggressive PushPairCorr
  0.65AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.59HPQ HP IncPairCorr
  0.56T ATT Inc Aggressive PushPairCorr
  0.42XOM Exxon Mobil Corp Sell-off TrendPairCorr

Related Correlations Analysis

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Columbia India Constituents Risk-Adjusted Indicators

There is a big difference between Columbia Etf performing well and Columbia India ETF 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 India'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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