| PCRRX Fund | | | USD 12.46 0.12 0.95% |
The current 90-days correlation between Commodityrealreturn and Columbia Modity Strategy is 0.06 (i.e., Significant diversification). The correlation of Commodityrealreturn 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.
Commodityrealreturn Correlation With Market
Significant diversification
The correlation between Commodityrealreturn Strategy F and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Commodityrealreturn Strategy F 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 Commodityrealreturn Strategy Fund. 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 metropolitan statistical area.