Columbia Select Correlations

Mutual Funds . USA . 
Fund . Columbia Select Smaller Cap
SSVIX Fund  USD 22.12  0.08  0.36%   
The current 90-days correlation between Columbia Select Smaller and Columbia Porate Income is 0.29 (i.e., Modest diversification). The correlation of Columbia Select 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 Select Correlation With Market

Very poor diversification

The correlation between Columbia Select Smaller Cap and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Select Smaller Cap 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 Select Smaller Cap. 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 gross domestic product.

Moving together with Columbia Mutual Fund

  0.91CUSBX Columbia Ultra ShortPairCorr
  0.62CDAZX Multi Manager DirectPairCorr
  0.68CUURX Columbia Small CapPairCorr
  0.71CDDYX Columbia Dividend IncomePairCorr
  0.95CDDRX Columbia Dividend IncomePairCorr
  0.63CDEYX Columbia DiversifiedPairCorr
  0.63CDIRX Columbia Dividend IncomePairCorr
  0.97AMTCX Columbia Capital AllPairCorr
  0.97CDOZX Columbia DividendPairCorr
  0.97CDOYX Columbia DividendPairCorr
  0.99CVERX Columbia Mid CapPairCorr
  0.99CDVZX Columbia DiversifiedPairCorr
  0.99CVQZX Columbia DisciplinedPairCorr
  0.93CEBRX Columbia Emerging MarketsPairCorr
  0.98CECYX Columbia Large CapPairCorr
  0.96CEKYX Columbia Emerging MarketsPairCorr
  0.96CEKRX Columbia Emerging MarketsPairCorr
  0.95CEPRX Columbia Income OppoPairCorr
  0.95CEVYX Columbia Global EquityPairCorr
  0.94CEVZX Columbia Global EquityPairCorr
  0.92RPCCX Columbia Capital AllPairCorr
  0.95GEGTX Columbia Large CapPairCorr
  0.96CFCYX Columbia Flexible CapitalPairCorr
  0.91CFCIX Columbia Large CapPairCorr
  0.96CFIZX Columbia Flexible CapitalPairCorr
  0.97SCIRX Columbia SeligmanPairCorr
  0.96CFRZX Columbia Floating RatePairCorr
  0.96CFRYX Columbia Floating RatePairCorr
  0.97SCMIX Columbia SeligmanPairCorr
  0.96CFXRX Columbia Flexible CapitalPairCorr
  0.97APECX Columbia High YieldPairCorr
  0.97CGEZX Columbia Select GlobalPairCorr
  0.97CGFYX Columbia Large CapPairCorr

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 Select 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 Select'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRINX  0.23  0.03 (0.28) 0.42  0.09 
(0.29)
 0.56 
(0.44)
 1.23 
CUSBX  0.05  0.01  0.00  1.96  0.00 
 0.00 
 0.11 
 0.00 
 0.55 
CUTRX  0.25  0.00 (0.39) 0.13  0.27 
(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  0.95  0.16  0.16  0.29  0.79 
(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  0.49  0.21  0.11 (1.43) 0.16 
(0.62)
 1.47 
(0.72)
 3.51 
CDDRX  0.54  0.16  0.02 (2.03) 0.48 
(0.62)
 1.44 
(1.00)
 3.55 
CDEYX  0.57  0.15  0.17  0.34  0.17 
(0.71)
 1.61 
(0.79)
 4.39 
CDIRX  0.50  0.11  0.11  0.32  0.19 
(0.62)
 1.47 
(0.70)
 3.53 

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