Columbia Short Correlations

Mutual Funds . USA . 
Fund . Columbia Short Term
NSTMX Fund  USD 9.87  0.01  0.10%   
The current 90-days correlation between Columbia Short Term and Rational Strategic Allocation is 0.02 (i.e., Significant diversification). The correlation of Columbia Short 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 Short Correlation With Market

Very poor diversification

The correlation between Columbia Short Term and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Short Term 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 Short Term. 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 industry.

Moving together with Columbia Mutual Fund

  0.72SRINX Columbia Porate IncomePairCorr
  0.98CUSBX Columbia Ultra ShortPairCorr
  0.83CDAZX Multi Manager DirectPairCorr
  0.91CUURX Columbia Small CapPairCorr
  0.93CDDYX Columbia Dividend IncomePairCorr
  0.93CDDRX Columbia Dividend IncomePairCorr
  0.95CDEYX Columbia DiversifiedPairCorr
  0.84AMTCX Columbia Capital AllPairCorr
  0.92CDOZX Columbia DividendPairCorr
  0.92CDOYX Columbia DividendPairCorr
  0.93CVERX Columbia Mid CapPairCorr
  0.93CDVZX Columbia DiversifiedPairCorr
  0.88CVQZX Columbia DisciplinedPairCorr
  0.94CEBYX Columbia Emerging MarketsPairCorr
  0.93CEBRX Columbia Emerging MarketsPairCorr
  0.85CECYX Columbia Large CapPairCorr
  0.91SSVIX Columbia Select SmallerPairCorr
  0.81CEKYX Columbia Emerging MarketsPairCorr
  0.81CEKRX Columbia Emerging MarketsPairCorr
  0.94CEVYX Columbia Global EquityPairCorr
  0.8RPCCX Columbia Capital AllPairCorr
  0.93CFCYX Columbia Flexible CapitalPairCorr
  0.93CLM Cornerstone StrategicPairCorr
  0.93CFIZX Columbia Flexible CapitalPairCorr
  0.87SCIRX Columbia SeligmanPairCorr
  0.74CFRZX Columbia Floating RatePairCorr
  0.86SCMIX Columbia SeligmanPairCorr
  0.93CFXRX Columbia Flexible CapitalPairCorr
  0.94APECX Columbia High YieldPairCorr
  0.79CGEZX Columbia Select GlobalPairCorr
  0.74CGFYX Columbia Large CapPairCorr
  0.9CXXRX Columbia Small CapPairCorr
  0.75CGQYX Columbia DisciplinedPairCorr
  0.87CGTYX Columbia Seligman GlobalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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