Columbia Overseas Correlations
| COAVX Fund | USD 13.36 0.06 0.45% |
The current 90-days correlation between Columbia Overseas Value and Johcm Emerging Markets is -0.12 (i.e., Good diversification). The correlation of Columbia Overseas 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 Overseas Correlation With Market
Good diversification
The correlation between Columbia Overseas Value and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Overseas Value and DJI in the same portfolio, assuming nothing else is changed.
Columbia |
Moving together with Columbia Mutual Fund
| 0.62 | SRIJX | Columbia Corporate Income | PairCorr |
| 0.68 | CUSOX | Columbia Ultra Short | PairCorr |
| 0.98 | CEVAX | Columbia Global Value | PairCorr |
| 0.61 | SCICX | Columbia Seligman | PairCorr |
| 0.61 | LIIAX | Columbia Porate Income | PairCorr |
| 0.81 | NACMX | Columbia Amt Free | PairCorr |
| 0.96 | PISDX | Columbia Pyrford Int | PairCorr |
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 Overseas 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 Overseas' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JOEIX | 0.64 | 0.18 | 0.10 | 0.57 | 0.00 | 1.65 | 7.75 | |||
| EPASX | 0.54 | 0.23 | (0.05) | (1.07) | 0.63 | 1.18 | 4.63 | |||
| EMDQX | 0.30 | 0.11 | (0.31) | 4.31 | 0.00 | 0.66 | 1.87 | |||
| SFGIX | 0.52 | 0.18 | 0.03 | 0.72 | 0.40 | 1.19 | 5.61 | |||
| CDHIX | 0.69 | 0.17 | 0.11 | 0.49 | 0.13 | 1.61 | 8.20 | |||
| DBELX | 0.26 | 0.12 | (0.29) | (3.46) | 0.00 | 0.60 | 1.75 | |||
| FEMDX | 0.25 | 0.07 | (0.25) | 2.19 | 0.25 | 0.70 | 1.90 | |||
| TEOJX | 0.74 | 0.33 | 0.04 | (1.33) | 0.69 | 2.39 | 6.04 |