Columbia Seligman Correlations

Mutual Funds . USA . 
Fund . Columbia Seligman Global
SHGTX Fund  USD 76.80  0.75  0.97%   
The current 90-days correlation between Columbia Seligman Global and Growth Allocation Fund is 0.95 (i.e., Almost no 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 good diversification

The correlation between Columbia Seligman Global and DJI is -0.32 (i.e., Very good 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 World Market Map 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 estimate.

Moving together with Columbia Mutual Fund

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  0.62OUSTZ Ouster, WarrantsPairCorr
  0.79CYCUW Cycurion, Warrant Symbol ChangePairCorr
  0.81BULLW Webull WarrantsPairCorr
  0.64JNPR Juniper NetworksPairCorr
  0.73MIND Mind TechnologyPairCorr
  0.92HPE-PC Hewlett Packard EntePairCorr
  0.92CORZZ Core Scientific, TranchePairCorr
  0.78RZLVW Rezolve AI LimitedPairCorr
  0.83SATX SatixFy CommunicationsPairCorr
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  0.88SRIJX Columbia Corporate IncomePairCorr
  0.93CUSOX Columbia Ultra ShortPairCorr
  0.99ILGCX Columbia Integrated LargePairCorr

Moving against Columbia Mutual Fund

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  0.83NOVA Sunnova Energy InterPairCorr
  0.79VISL Vislink TechnologiesPairCorr
  0.65EXOD Exodus Movement, Tech BoostPairCorr
  0.64APCXW AppTech Payments CorpPairCorr
  0.62SLNHP Soluna Holdings PreferredPairCorr
  0.55ODYS Odysightai Common StockPairCorr
  0.39VBIX Viewbix Common StockPairCorr
  0.91SMTK SmartKem, Common StockPairCorr
  0.73APCX Apptech CorpPairCorr

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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