Columbia Global Correlations

Mutual Funds . USA . 
Fund . Columbia Global Value
CEVAX Fund   13.38  0.01  0.07%   
The current 90-days correlation between Columbia Global Value and Columbia Corporate Income is 0.42 (i.e., Very weak diversification). The correlation of Columbia Global 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 Global Correlation With Market

Very poor diversification

The correlation between Columbia Global Value and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Global Value and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Columbia Global Value. 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 nation.

Moving together with Columbia Mutual Fund

  0.91SRIJX Columbia Corporate IncomePairCorr
  0.73CUSOX Columbia Ultra ShortPairCorr
  0.74CDOAX Columbia DividendPairCorr
  0.73ILGCX Columbia Integrated LargePairCorr
  0.66ILGGX Columbia Integrated LargePairCorr
  0.73ILGJX Columbia Integrated LargePairCorr
  0.96SSCVX Columbia Select SmallerPairCorr
  0.94ILVBX Columbia Integrated LargePairCorr
  0.73ILVFX Columbia Integrated LargePairCorr
  0.75IMRFX Columbia Global OppoPairCorr
  0.98CFIGX Columbia Flexible CapitalPairCorr
  0.74CFIAX Columbia Flexible CapitalPairCorr
  0.73LIACX Columbia AcornPairCorr
  0.73SCICX Columbia SeligmanPairCorr
  0.67PHIKX Columbia ConvertiblePairCorr
  0.74INDZX Columbia DiversifiedPairCorr
  0.76INEAX Columbia High YieldPairCorr
  0.91LIIAX Columbia Porate IncomePairCorr
  0.87LITAX Columbia Amt FreePairCorr
  0.86LITCX Columbia Amt FreePairCorr
  0.75INUTX Columbia DividendPairCorr
  0.62CGOAX Columbia Small CapPairCorr
  0.73CGTDX Columbia Global TechPairCorr
  0.91NACMX Columbia Amt FreePairCorr
  0.93PISDX Columbia Pyrford IntPairCorr
  0.93PISLX Columbia Pyrford IntPairCorr
  0.93PISOX Columbia Pyrford IntPairCorr
  0.93PISJX Columbia Pyrford IntPairCorr
  0.94PISQX Columbia Pyrford IntPairCorr
  0.72AQEAX Columbia DisciplinedPairCorr
  0.97SVLCX Columbia Select LargePairCorr
  0.71UMEBX Columbia Emerging MarketsPairCorr
  0.7NSGAX Columbia Select LargePairCorr
  0.67UMLAX Columbia Select LargePairCorr
  0.74UMMDX Columbia BondPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Global 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 Global'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRIJX  0.24  0.02 (0.27) 0.30  0.17 
(0.29)
 0.56 
(0.44)
 1.23 
CUSOX  0.05  0.01  0.00  3.58  0.00 
 0.00 
 0.11 
 0.00 
 0.54 
CDOAX  0.51  0.21  0.09 (1.34) 0.26 
(0.56)
 1.44 
(0.75)
 3.79 
ILGCX  0.77  0.39  0.37  20.97  0.00 
(1.01)
 2.27 
(0.98)
 5.98 
ILGGX  0.78  0.38  0.36  13.14  0.00 
(1.04)
 2.32 
(1.00)
 5.97 
ILGJX  0.78  0.39  0.37  29.95  0.00 
(1.01)
 2.26 
(0.99)
 5.99 
SSCVX  0.89  0.14  0.13  0.26  0.78 
(1.04)
 2.13 
(1.74)
 6.57 
ILVBX  0.61  0.14 (0.01)(0.86) 0.67 
(0.67)
 1.43 
(1.29)
 4.14 
ILVFX  0.59  0.19  0.05 (1.13) 0.48 
(0.70)
 1.41 
(1.08)
 4.13 
LHIAX  0.18 (0.02)(0.50)(0.02) 0.18 
(0.29)
 0.46 
(0.35)
 1.60 

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