Columbia Large Correlations

Mutual Funds . USA . 
Fund . Columbia Large Cap
LEGAX Fund  USD 72.57  0.68  0.93%   
The current 90-days correlation between Columbia Large Cap and Delaware Investments Ultrashort is -0.11 (i.e., Good diversification). The correlation of Columbia Large 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 Large Correlation With Market

Good diversification

The correlation between Columbia Large Cap and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Large Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Columbia 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

  0.71ILGCX Columbia Integrated LargePairCorr
  0.72ILGGX Columbia Integrated LargePairCorr
  0.72ILGJX Columbia Integrated LargePairCorr
  0.68LHIAX Columbia High YieldPairCorr
  0.68IMNTX Columbia Minnesota TaxPairCorr
  0.66IMRFX Columbia Global OppoPairCorr
  0.64LIACX Columbia AcornPairCorr
  0.63LIIAX Columbia Porate IncomePairCorr
  0.69INTAX Columbia StrategicPairCorr
  0.62LITAX Columbia Amt FreePairCorr
  0.63NACMX Columbia Amt FreePairCorr
  0.77NSGAX Columbia Select LargePairCorr
  0.71NBICX Columbia Capital AllPairCorr
  0.71NBIAX Columbia Capital AllPairCorr
  0.66RBBAX Columbia Income BuilderPairCorr
  0.67RBBCX Columbia Income BuilderPairCorr
  0.69RBGCX Columbia Capital AllPairCorr
  0.67ABDAX Columbia Capital AllPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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