Columbia Seligman Correlations

SHTCX Fund

USD 43.06 0.11 0.26%

The current 90-days correlation between Columbia Seligman Global and Columbia Seligman Global is 0.15 (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 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 main economic indicators.

Moving together with Columbia Mutual Fund

0.68	VVPR	VivoPower International Tech Boost	Pair Corr
0.96	DBD	Diebold Nixdorf,	Pair Corr
0.62	GENVR	Gen Digital Contingent	Pair Corr
0.65	CYCUW	Cycurion, Warrant Symbol Change	Pair Corr
0.78	BULLW	Webull Warrants Trending	Pair Corr
0.76	MIND	Mind Technology	Pair Corr
0.94	HPE-PC	Hewlett Packard Ente	Pair Corr
0.62	DAICW	CID HoldCo, Warrants	Pair Corr
0.91	CORZZ	Core Scientific, Tranche	Pair Corr
0.73	RZLVW	Rezolve AI Limited	Pair Corr
0.85	SATX	SatixFy Communications	Pair Corr
0.92	STRF	MicroStrategy Incorporated	Pair Corr
0.87	SRIJX	Columbia Corporate Income	Pair Corr
0.94	CUSOX	Columbia Ultra Short	Pair Corr
0.98	CDOAX	Columbia Dividend	Pair Corr

Moving against Columbia Mutual Fund

0.86	VSTE	Vast Renewables	Pair Corr
0.86	HPAIW	Helport AI Limited	Pair Corr
0.85	NOVA	Sunnova Energy Inter	Pair Corr
0.82	VISL	Vislink Technologies	Pair Corr
0.67	APCXW	AppTech Payments Corp	Pair Corr
0.57	EXOD	Exodus Movement, Tech Boost	Pair Corr
0.52	ODYS	Odysightai Common Stock	Pair Corr
0.41	DVLT	Datavault AI Symbol Change	Pair Corr
0.37	VBIX	Viewbix Common Stock	Pair Corr
0.34	BULLZ	Webull Incentive	Pair Corr
0.89	SMTK	SmartKem, Common Stock	Pair Corr
0.74	APCX	Apptech Corp	Pair Corr
0.49	AXIL	AXIL Brands, Trending	Pair Corr
0.41	SLNHP	Soluna Holdings Preferred	Pair Corr

Related Correlations Analysis

	SHGTX	ALTFX	NYVTX	MNNAX	SHSAX
SHGTX		0.97	0.99	1.0	0.06	SHGTX
ALTFX	0.97		0.97	0.97	-0.01	ALTFX
NYVTX	0.99	0.97		0.99	0.13	NYVTX
MNNAX	1.0	0.97	0.99		0.07	MNNAX
SHSAX	0.06	-0.01	0.13	0.07		SHSAX
	SHGTX	ALTFX	NYVTX	MNNAX	SHSAX

Click cells to compare fundamentals

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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

MNNAX	+ 1.0	SHGTX
NYVTX	+ 0.99	SHGTX
MNNAX	+ 0.99	NYVTX
ALTFX	+ 0.97	SHGTX
NYVTX	+ 0.97	ALTFX
MNNAX	+ 0.97	ALTFX

High negative correlations

SHSAX

- 0.01

ALTFX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SHGTX	0.99	0.40	0.23	(5.92)	0.67	(1.16)	2.51	(1.87)	6.92
ALTFX	0.61	0.16	0.16	0.35	0.37	(0.71)	1.85	(1.51)	3.90
NYVTX	0.69	0.24	0.11	(3.26)	0.45	(0.76)	2.12	(1.21)	5.76
MNNAX	0.67	0.29	0.15	(2.01)	0.55	(0.75)	2.03	(1.28)	4.70
SHSAX	0.92	(0.07)	0.00	0.78	0.00	0.00	1.52	(2.18)	4.60

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