Columbia Convertible Correlations

Mutual Funds . USA . 
Fund . Columbia Vertible Securities
PACIX Fund  USD 22.57  0.06  0.27%   
The current 90-days correlation between Columbia Convertible and Franklin Vertible Securities is 0.2 (i.e., Modest diversification). The correlation of Columbia Convertible 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 Convertible Correlation With Market

Very poor diversification

The correlation between Columbia Vertible Securities and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Vertible Securities and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Columbia Vertible Securities. 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 gross domestic product.

Moving together with Columbia Mutual Fund

  0.85CUSOX Columbia Ultra ShortPairCorr
  0.96ILGCX Columbia Integrated LargePairCorr
  0.96ILGGX Columbia Integrated LargePairCorr
  0.94ILGFX Columbia Integrated LargePairCorr
  0.96ILGJX Columbia Integrated LargePairCorr
  0.92SSCVX Columbia Select SmallerPairCorr
  0.97ILVBX Columbia Integrated LargePairCorr
  0.97ILVFX Columbia Integrated LargePairCorr
  0.94ILVEX Columbia Integrated LargePairCorr
  0.93CFIGX Columbia Flexible CapitalPairCorr
  0.94CFIAX Columbia Flexible CapitalPairCorr
  0.96LIACX Columbia AcornPairCorr
  0.96SCICX Columbia SeligmanPairCorr
  1.0PHIKX Columbia ConvertiblePairCorr
  0.94INUTX Columbia DividendPairCorr
  0.98CGOAX Columbia Small CapPairCorr
  0.95AQEAX Columbia DisciplinedPairCorr
  0.91SVLCX Columbia Select LargePairCorr
  0.95NSGAX Columbia Select LargePairCorr
  0.76NBICX Columbia Capital AllPairCorr
  0.78NBIAX Columbia Capital AllPairCorr
  0.96NTIAX Columbia Mid CapPairCorr
  0.85RBGCX Columbia Capital AllPairCorr

Moving against Columbia Mutual Fund

  0.75LIBAX Columbia Total ReturnPairCorr
  0.69PISJX Columbia Pyrford IntPairCorr
  0.68PISDX Columbia Pyrford IntPairCorr
  0.68PISLX Columbia Pyrford IntPairCorr
  0.68PISOX Columbia Pyrford IntPairCorr
  0.6LIIAX Columbia Porate IncomePairCorr
  0.33NACMX Columbia Amt FreePairCorr
  0.79AUGCX Columbia GovernmentPairCorr
  0.77AUGAX Columbia GovernmentPairCorr
  0.73CLMAX Columbia MortgagePairCorr
  0.63CLSCX Columbia Strategic IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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