Columbia Global Correlations

CSVAX Fund

USD 23.86 0.07 0.29%

The current 90-days correlation between Columbia Global Dividend and American Beacon International is 0.06 (i.e., Significant 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 Dividend and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Global Dividend 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 Dividend. 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

0.86	CDOAX	Columbia Dividend	Pair Corr
0.84	ILGCX	Columbia Integrated Large	Pair Corr
0.84	ILGJX	Columbia Integrated Large	Pair Corr
0.67	SSCVX	Columbia Select Smaller	Pair Corr
0.79	GEGDX	Columbia Large Cap	Pair Corr
0.7	IMRFX	Columbia Global Oppo	Pair Corr
0.83	CFIAX	Columbia Flexible Capital	Pair Corr
0.85	SCICX	Columbia Seligman	Pair Corr
0.87	INDZX	Columbia Diversified	Pair Corr
0.74	INEAX	Columbia High Yield	Pair Corr
0.61	LITAX	Columbia Amt Free	Pair Corr
0.69	INUTX	Columbia Dividend	Pair Corr
0.86	GFSDX	Columbia Dividend Income	Pair Corr
0.77	CGOAX	Columbia Small Cap	Pair Corr
0.86	SVLCX	Columbia Select Large	Pair Corr
0.72	NSMDX	Columbia Short Duration	Pair Corr
0.77	NSTRX	Columbia Short Term	Pair Corr

Moving against Columbia Mutual Fund

0.8	ILVFX	Columbia Integrated Large	Pair Corr
0.65	ILVBX	Columbia Integrated Large	Pair Corr
0.34	CEVAX	Columbia Global Value	Pair Corr
0.76	PISQX	Columbia Pyrford Int	Pair Corr
0.72	PISDX	Columbia Pyrford Int	Pair Corr
0.59	PISLX	Columbia Pyrford Int	Pair Corr
0.58	PISJX	Columbia Pyrford Int	Pair Corr
0.34	NBGDX	Columbia Capital Alloc	Pair Corr
0.31	UMEBX	Columbia Emerging Markets	Pair Corr

Related Correlations Analysis

	AIEAX	AAISX	AILCX	AAIPX	IDIVX	SUSYX	SEVIX	SVOAX	PRNIX	DHLTX
AIEAX		0.96	0.96	0.96	0.26	0.83	-0.29	0.83	0.91	0.81	AIEAX
AAISX	0.96		1.0	1.0	0.25	0.84	-0.32	0.84	0.95	0.78	AAISX
AILCX	0.96	1.0		1.0	0.25	0.84	-0.31	0.84	0.95	0.78	AILCX
AAIPX	0.96	1.0	1.0		0.25	0.84	-0.32	0.84	0.95	0.78	AAIPX
IDIVX	0.26	0.25	0.25	0.25		0.08	-0.3	0.08	0.27	0.46	IDIVX
SUSYX	0.83	0.84	0.84	0.84	0.08		-0.31	1.0	0.89	0.65	SUSYX
SEVIX	-0.29	-0.32	-0.31	-0.32	-0.3	-0.31		-0.31	-0.24	0.02	SEVIX
SVOAX	0.83	0.84	0.84	0.84	0.08	1.0	-0.31		0.89	0.65	SVOAX
PRNIX	0.91	0.95	0.95	0.95	0.27	0.89	-0.24	0.89		0.83	PRNIX
DHLTX	0.81	0.78	0.78	0.78	0.46	0.65	0.02	0.65	0.83		DHLTX
	AIEAX	AAISX	AILCX	AAIPX	IDIVX	SUSYX	SEVIX	SVOAX	PRNIX	DHLTX

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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

AILCX	+ 1.0	AAISX
AAIPX	+ 1.0	AAISX
AAIPX	+ 1.0	AILCX
SVOAX	+ 1.0	SUSYX
AAISX	+ 0.96	AIEAX
AILCX	+ 0.96	AIEAX

High negative correlations

SEVIX	- 0.32	AAIPX
SEVIX	- 0.32	AAISX
SVOAX	- 0.31	SEVIX
SEVIX	- 0.31	SUSYX
SEVIX	- 0.31	AILCX
SEVIX	- 0.3	IDIVX

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
AIEAX	0.55	0.09	0.06	0.55	0.55	(0.60)	1.39	(1.07)	3.43
AAISX	0.54	0.04	0.04	0.12	0.56	(0.59)	1.42	(1.06)	3.41
AILCX	0.54	0.04	0.03	0.12	0.56	(0.59)	1.40	(1.06)	3.42
AAIPX	0.55	0.04	0.04	0.12	0.54	(0.61)	1.43	(1.00)	3.41
IDIVX	0.56	(0.03)	0.00	(0.15)	0.00	0.00	0.98	(1.12)	5.99
SUSYX	0.75	0.25	0.35	1.06	0.00	(1.11)	1.01	(0.82)	19.01
SEVIX	0.18	(0.05)	0.00	(1.92)	0.00	0.00	0.41	(0.79)	2.01
SVOAX	0.76	0.25	0.37	1.08	0.00	(1.15)	1.01	(0.90)	19.10
PRNIX	0.80	0.03	0.03	0.09	0.92	(0.84)	1.71	(1.41)	4.52
DHLTX	0.72	0.08	0.03	0.47	0.88	(0.79)	1.53	(1.48)	4.08

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