Columbia Select Correlations

Mutual Funds . USA . 
Fund . Columbia Select Large
NSGAX Fund  USD 23.01  0.16  0.70%   
The current 90-days correlation between Columbia Select Large and Columbia Large Cap is 0.97 (i.e., Almost no 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

Poor diversification

The correlation between Columbia Select Large and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Select Large 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 Select Large. 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

  0.76CUSOX Columbia Ultra ShortPairCorr
  0.99ILGCX Columbia Integrated LargePairCorr
  0.99ILGGX Columbia Integrated LargePairCorr
  0.99ILGJX Columbia Integrated LargePairCorr
  0.91SSCVX Columbia Select SmallerPairCorr
  0.95ILVFX Columbia Integrated LargePairCorr
  0.92ILVEX Columbia Integrated LargePairCorr
  0.89CFIGX Columbia Flexible CapitalPairCorr
  0.89CFIAX Columbia Flexible CapitalPairCorr
  0.96LIACX Columbia AcornPairCorr
  0.97SCICX Columbia SeligmanPairCorr
  0.95PHIKX Columbia ConvertiblePairCorr
  0.92INUTX Columbia DividendPairCorr
  0.97CGOAX Columbia Small CapPairCorr
  0.95AQEAX Columbia DisciplinedPairCorr
  0.9SVLCX Columbia Select LargePairCorr
  0.83NBICX Columbia Capital AllPairCorr
  0.84NBIAX Columbia Capital AllPairCorr
  0.96NTIAX Columbia Mid CapPairCorr
  0.91RBGCX Columbia Capital AllPairCorr
  0.97SHGTX Columbia Seligman GlobalPairCorr
  0.98RDLAX Columbia DisciplinedPairCorr
  0.97SHTCX Columbia Seligman GlobalPairCorr
  0.99NEIAX Columbia Large CapPairCorr

Moving against Columbia Mutual Fund

  0.73LIBAX Columbia Total ReturnPairCorr
  0.63PISLX Columbia Pyrford IntPairCorr
  0.63PISOX Columbia Pyrford IntPairCorr
  0.61LIIAX Columbia Porate IncomePairCorr
  0.41NACMX Columbia Amt FreePairCorr
  0.78AUGCX Columbia GovernmentPairCorr
  0.75AUGAX Columbia GovernmentPairCorr
  0.72CLMAX Columbia MortgagePairCorr
  0.62CLSCX Columbia Strategic IncomePairCorr
  0.61LAIAX Columbia Acorn InterPairCorr
  0.59COSIX Columbia Strategic IncomePairCorr
  0.47LNYAX Columbia Amt FreePairCorr
  0.47COEAX Columbia Amt FreePairCorr
  0.37ABDAX Columbia Capital AllPairCorr
  0.31CLMPX Columbia California TaxPairCorr

Related Correlations Analysis

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