Columbia Overseas Correlations

Mutual Funds . USA . 
Fund . Columbia Overseas E
COSOX Fund  USD 12.35  0.01  0.08%   
The current 90-days correlation between Columbia Overseas and Columbia Porate Income is 0.4 (i.e., Very weak 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

Very weak diversification

The correlation between Columbia Overseas E and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Overseas E 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 Overseas E. 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 persons.

Moving together with Columbia Mutual Fund

  0.9SRINX Columbia Porate IncomePairCorr
  0.62CUSBX Columbia Ultra ShortPairCorr
  0.7CDAZX Multi Manager DirectPairCorr
  0.71CUURX Columbia Small CapPairCorr
  0.63CDDYX Columbia Dividend IncomePairCorr
  0.97CDDRX Columbia Dividend IncomePairCorr
  0.97CDEYX Columbia DiversifiedPairCorr
  0.71CDIRX Columbia Dividend IncomePairCorr
  0.98AMTCX Columbia Capital AllPairCorr
  0.98CDOZX Columbia DividendPairCorr
  0.98CDOYX Columbia DividendPairCorr
  0.62CDVZX Columbia DiversifiedPairCorr
  0.94CVQZX Columbia DisciplinedPairCorr
  0.63CEBYX Columbia Emerging MarketsPairCorr
  0.97CEBRX Columbia Emerging MarketsPairCorr
  0.96CECYX Columbia Large CapPairCorr
  0.93SSVIX Columbia Select SmallerPairCorr
  0.96CEKYX Columbia Emerging MarketsPairCorr
  0.98CEPRX Columbia Income OppoPairCorr
  0.99CEVYX Columbia Global EquityPairCorr
  0.62CEVZX Columbia Global EquityPairCorr
  0.97RPCCX Columbia Capital AllPairCorr
  0.98CFCYX Columbia Flexible CapitalPairCorr
  0.92CFCIX Columbia Large CapPairCorr
  0.96CLM Cornerstone StrategicPairCorr
  0.98CFIZX Columbia Flexible CapitalPairCorr
  0.97SCIRX Columbia SeligmanPairCorr
  0.7LIBCX Columbia Total ReturnPairCorr
  0.97CFRZX Columbia Floating RatePairCorr
  0.97CFRYX Columbia Floating RatePairCorr
  0.98CFXRX Columbia Flexible CapitalPairCorr
  0.65APECX Columbia High YieldPairCorr
  0.95CGEZX Columbia Select GlobalPairCorr

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
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  3.66  0.00 
 0.00 
 0.11 
 0.00 
 0.55 
CUTRX  0.24  0.00 (0.39)(1.01) 0.26 
(0.27)
 0.41 
(0.51)
 1.13 
CDAZX  0.37  0.14 (0.01)(1.56) 0.00 
(0.47)
 0.96 
(0.65)
 2.20 
CUURX  0.94  0.31  0.15 (2.67) 0.77 
(1.15)
 2.39 
(1.89)
 6.37 
CUTYX  0.24  0.01 (0.39)(0.43) 0.25 
(0.27)
 0.41 
(0.50)
 1.22 
CDDYX  0.47  0.17  0.05 (4.29) 0.24 
(0.58)
 1.32 
(0.72)
 3.42 
CDDRX  0.53  0.04  0.00  0.19  0.50 
(0.61)
 1.44 
(1.00)
 3.55 
CDEYX  0.61  0.08  0.07  0.23  0.47 
(0.71)
 1.61 
(1.11)
 4.39 
CDIRX  0.50  0.21  0.10 (1.39) 0.18 
(0.62)
 1.47 
(0.70)
 3.53 

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