Columbia Global Correlations

CGTUX Fund

USD 105.92 0.16 0.15%

The current 90-days correlation between Columbia Global Tech and Columbia Seligman Global is 0.97 (i.e., Almost no 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

Poor diversification

The correlation between Columbia Global Technology and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Global Technology 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 Technology. 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 employment.

Moving together with Columbia Mutual Fund

0.7	VVPR	VivoPower International Tech Boost	Pair Corr
0.95	DBD	Diebold Nixdorf,	Pair Corr
0.69	GENVR	Gen Digital Contingent	Pair Corr
0.64	CYCUW	Cycurion, Warrant Symbol Change	Pair Corr
0.78	BULLW	Webull Warrants Trending	Pair Corr
0.71	MIND	Mind Technology	Pair Corr
0.93	HPE-PC	Hewlett Packard Ente	Pair Corr
0.91	CORZZ	Core Scientific, Tranche	Pair Corr
0.73	RZLVW	Rezolve AI Limited	Pair Corr
0.83	SATX	SatixFy Communications	Pair Corr
0.91	STRF	MicroStrategy Incorporated	Pair Corr
0.86	SRINX	Columbia Porate Income	Pair Corr
0.95	CUSBX	Columbia Ultra Short	Pair Corr

Moving against Columbia Mutual Fund

0.86	VSTE	Vast Renewables	Pair Corr
0.85	HPAIW	Helport AI Limited	Pair Corr
0.81	VISL	Vislink Technologies	Pair Corr
0.65	APCXW	AppTech Payments Corp	Pair Corr
0.58	EXOD	Exodus Movement, Tech Boost	Pair Corr
0.37	DVLT	Datavault AI Symbol Change	Pair Corr
0.91	SMTK	SmartKem, Common Stock	Pair Corr
0.86	NOVA	Sunnova Energy Inter	Pair Corr
0.72	APCX	Apptech Corp	Pair Corr
0.51	ODYS	Odysightai Common Stock	Pair Corr
0.45	AXIL	AXIL Brands, Trending	Pair Corr
0.42	SLNHP	Soluna Holdings Preferred	Pair Corr

Related Correlations Analysis

	CSGZX	CTCAX	YB	VBIX	DVLT	VVPR	EXOD	SRINX	CUSBX	CUTRX
CSGZX		1.0	0.12	-0.29	-0.41	0.68	-0.55	0.88	0.95	0.32	CSGZX
CTCAX	1.0		0.08	-0.28	-0.37	0.7	-0.58	0.86	0.95	0.29	CTCAX
YB	0.12	0.08		-0.19	-0.54	-0.19	0.01	0.19	0.16	0.23	YB
VBIX	-0.29	-0.28	-0.19		0.38	0.19	0.22	-0.44	-0.31	-0.41	VBIX
DVLT	-0.41	-0.37	-0.54	0.38		0.0	-0.04	-0.48	-0.43	-0.43	DVLT
VVPR	0.68	0.7	-0.19	0.19	0.0		-0.46	0.41	0.62	-0.21	VVPR
EXOD	-0.55	-0.58	0.01	0.22	-0.04	-0.46		-0.53	-0.61	-0.13	EXOD
SRINX	0.88	0.86	0.19	-0.44	-0.48	0.41	-0.53		0.92	0.71	SRINX
CUSBX	0.95	0.95	0.16	-0.31	-0.43	0.62	-0.61	0.92		0.45	CUSBX
CUTRX	0.32	0.29	0.23	-0.41	-0.43	-0.21	-0.13	0.71	0.45		CUTRX
	CSGZX	CTCAX	YB	VBIX	DVLT	VVPR	EXOD	SRINX	CUSBX	CUTRX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together 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

CTCAX	+ 1.0	CSGZX
CUSBX	+ 0.95	CSGZX
CUSBX	+ 0.95	CTCAX
CUSBX	+ 0.92	SRINX
SRINX	+ 0.88	CSGZX
SRINX	+ 0.86	CTCAX

High negative correlations

CUSBX	- 0.61	EXOD
EXOD	- 0.58	CTCAX
EXOD	- 0.55	CSGZX
DVLT	- 0.54	YB
SRINX	- 0.53	EXOD
SRINX	- 0.48	DVLT

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CSGZX	0.99	0.24	0.23	0.34	0.67	(1.16)	2.50	(1.88)	6.92
CTCAX	0.95	0.27	0.25	0.38	0.69	(1.15)	2.55	(1.50)	6.57
YB	3.76	1.07	0.27	4.66	3.01	(4.85)	14.01	(6.02)	27.13
VBIX	7.74	0.56	0.02	(0.33)	12.14	(8.14)	14.34	(20.18)	88.20
DVLT	5.15	(0.01)	0.00	0.12	5.83	(6.44)	12.33	(9.89)	33.36
VVPR	7.94	1.85	0.18	(19.07)	8.43	(9.98)	22.54	(11.48)	62.08
EXOD	6.48	(0.12)	0.02	0.10	8.40	(6.61)	16.85	(9.78)	43.33
SRINX	0.24	0.02	(0.28)	0.28	0.16	(0.29)	0.56	(0.44)	1.23
CUSBX	0.05	0.01	0.00	1.53	0.00	0.00	0.11	0.00	0.55
CUTRX	0.25	(0.01)	(0.40)	(0.01)	0.28	(0.27)	0.41	(0.51)	1.12

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC