COLUMBIA LIMITED Correlations

The correlation of COLUMBIA LIMITED is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as COLUMBIA LIMITED moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if COLUMBIA LIMITED DURATION moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to COLUMBIA LIMITED could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace COLUMBIA LIMITED when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back COLUMBIA LIMITED - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling COLUMBIA LIMITED DURATION to buy it.

Moving together with COLUMBIA LIMITED

+0.64VFSTXVANGUARD SHORT-TERMPairCorr
+0.62VFSUXVANGUARD SHORT-TERMPairCorr
+0.67VBISXVANGUARD SHORT-TERM BONDPairCorr
+0.67VBITXVANGUARD SHORT-TERM BONDPairCorr
+0.65VBIRXVanguard Short-Term BondPairCorr
+0.64VFSIXVANGUARD SHORT-TERMPairCorr
+0.67LALDXLORD ABBETT SHORTPairCorr
+0.68LDLQXLORD ABBETT SHORTPairCorr
+0.69LDLTXLORD ABBETT SHORTPairCorr
+0.67LDLAXLORD ABBETT SHORTPairCorr
+0.64XNXJXNuveen New JerseyPairCorr

Related Correlations

FYASX
RBNCX
FEHY
MAAX
RBNAX
RYHGX
IBHG
FYASX
0.890.980.940.891.00.98
FYASX
RBNCX
0.890.870.851.00.880.9
RBNCX
FEHY
0.980.870.920.880.980.99
FEHY
MAAX
0.940.850.920.850.940.91
MAAX
RBNAX
0.891.00.880.850.890.9
RBNAX
RYHGX
1.00.880.980.940.890.98
RYHGX
IBHG
0.980.90.990.910.90.98
IBHG
FYASX
RBNCX
FEHY
MAAX
RBNAX
RYHGX
IBHG
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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
RYHGXFYASX
RBNAXRBNCX
IBHGFEHY
FEHYFYASX
IBHGFYASX
RYHGXFEHY
  

Risk-Adjusted Indicators

Nowadays, there is a big difference between COLUMBIA Mutual Fund performing well and COLUMBIA LIMITED Mutual Fund doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze COLUMBIA LIMITED's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in COLUMBIA LIMITED without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in COLUMBIA LIMITED DURATION?

The danger of trading COLUMBIA LIMITED DURATION is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of COLUMBIA LIMITED is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than COLUMBIA LIMITED. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile COLUMBIA LIMITED DURATION is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Trending Equities. Note that the COLUMBIA LIMITED DURATION information on this page should be used as a complementary analysis to other COLUMBIA LIMITED's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Complementary Tools for COLUMBIA Mutual Fund analysis

When running COLUMBIA LIMITED DURATION price analysis, check to measure COLUMBIA LIMITED's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy COLUMBIA LIMITED is operating at the current time. Most of COLUMBIA LIMITED's value examination focuses on studying past and present price action to predict the probability of COLUMBIA LIMITED's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move COLUMBIA LIMITED's price. Additionally, you may evaluate how the addition of COLUMBIA LIMITED to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between COLUMBIA LIMITED's value and its price as these two are different measures arrived at by different means. Investors typically determine COLUMBIA LIMITED value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, COLUMBIA LIMITED's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.