Columbia Seligman Correlations

Mutual Funds . USA . 
Fund . Columbia Seligman Global
CSGZX Fund  USD 81.89  0.51  0.63%   
The current 90-days correlation between Columbia Seligman Global and Icon Information Technology is 0.11 (i.e., Average diversification). The correlation of Columbia Seligman 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 Seligman Correlation With Market

Very poor diversification

The correlation between Columbia Seligman Global and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Seligman Global 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 Seligman Global. 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

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  0.96DBD Diebold Nixdorf,PairCorr
  0.69GENVR Gen Digital ContingentPairCorr
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  0.78BULLW Webull Warrants Tech BoostPairCorr
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  0.87SRINX Columbia Porate IncomePairCorr
  0.95CUSBX Columbia Ultra ShortPairCorr

Moving against Columbia Mutual Fund

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  0.85HPAIW Helport AI LimitedPairCorr
  0.82VISL Vislink TechnologiesPairCorr
  0.67APCXW AppTech Payments CorpPairCorr
  0.53EXOD Exodus Movement,PairCorr
  0.43DVLT Datavault AI Symbol ChangePairCorr
  0.35BULLZ Webull IncentivePairCorr
  0.31VBIX Viewbix Common StockPairCorr
  0.88SMTK SmartKem, Common StockPairCorr
  0.85NOVA Sunnova Energy InterPairCorr
  0.73APCX Apptech CorpPairCorr
  0.52ODYS Odysightai Common StockPairCorr
  0.48AXIL AXIL Brands, TrendingPairCorr
  0.37SLNHP Soluna Holdings PreferredPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Seligman 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 Seligman'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.

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