There are the low grade cherry shrimp, the mid grade sakura shrimp to fire reds, and the high grade painted fire reds. If you breed these with bloody mary shrimp (from the chocolate line), you get red offspring. The first 3 colors, the shell is red, the flesh is clear. The BM line, the shell is clear but the flesh is red. Bred together, I suspect you get something in-between, if not both.
As for the other colors... well, it varies. You could get wild colored offspring, or you might get something else. There are so many different strains and not all of them breed true. There are at least two strains of yellows... Neon Yellow and Goldenback Yellow. At least one of them has the ability to occasionally throw green shrimp offspring. I hear that Blue Diamonds and Blue Carbon Rilis can throw red, black, blue and chocolate offspring.
It's pretty much that unless you are willing to do a mixed tank, or set up tanks to breed pairs in, you may never know for sure. Even if you do, your results may be different than someone else who does the same setup.