Columbia Large Correlations

Mutual Funds . USA . 
Fund . Columbia Large Cap
NEIAX Fund  USD 64.13  0.36  0.56%   
The current 90-days correlation between Columbia Large Cap and Columbia Large Cap is 0.99 (i.e., No risk reduction). 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

Very poor diversification

The correlation between Columbia Large Cap and DJI is 0.83 (i.e., Very poor 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

  0.8CUSOX Columbia Ultra ShortPairCorr
  0.99ILGCX Columbia Integrated LargePairCorr
  0.99ILGGX Columbia Integrated LargePairCorr
  0.99ILGJX Columbia Integrated LargePairCorr
  0.89SSCVX Columbia Select SmallerPairCorr
  0.94ILVFX Columbia Integrated LargePairCorr
  0.91ILVEX Columbia Integrated LargePairCorr
  0.93CFIGX Columbia Flexible CapitalPairCorr
  0.94CFIAX Columbia Flexible CapitalPairCorr
  0.97LIACX Columbia AcornPairCorr
  0.97SCICX Columbia SeligmanPairCorr
  0.96PHIKX Columbia ConvertiblePairCorr
  0.95INUTX Columbia DividendPairCorr
  0.96CGOAX Columbia Small CapPairCorr
  0.96AQEAX Columbia DisciplinedPairCorr
  0.92SVLCX Columbia Select LargePairCorr
  0.99NSGAX Columbia Select LargePairCorr
  0.85NBICX Columbia Capital AllPairCorr
  0.86NBIAX Columbia Capital AllPairCorr
  0.95NTIAX Columbia Mid CapPairCorr
  0.93RBGCX Columbia Capital AllPairCorr
  0.97SHGTX Columbia Seligman GlobalPairCorr
  0.99RDLAX Columbia DisciplinedPairCorr
  0.97SHTCX Columbia Seligman GlobalPairCorr

Moving against Columbia Mutual Fund

  0.72LIBAX Columbia Total ReturnPairCorr
  0.6PISLX Columbia Pyrford IntPairCorr
  0.6PISOX Columbia Pyrford IntPairCorr
  0.59LIIAX Columbia Porate IncomePairCorr
  0.37NACMX Columbia Amt FreePairCorr
  0.78AUGCX Columbia GovernmentPairCorr
  0.75AUGAX Columbia GovernmentPairCorr
  0.73CLMAX Columbia MortgagePairCorr
  0.61CLSCX Columbia Strategic IncomePairCorr
  0.59LAIAX Columbia Acorn InterPairCorr
  0.57COSIX Columbia Strategic IncomePairCorr
  0.45COEAX Columbia Amt FreePairCorr
  0.44LNYAX Columbia Amt FreePairCorr
  0.35ABDAX Columbia Capital AllPairCorr

Related Correlations Analysis

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