Columbia Emerging Correlations

CEBYX Fund

USD 9.58 0.02 0.21%

The current 90-days correlation between Columbia Emerging Markets and Saat Defensive Strategy is 0.1 (i.e., Average diversification). The correlation of Columbia Emerging 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 Emerging Correlation With Market

Significant diversification

The correlation between Columbia Emerging Markets and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Emerging Markets 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 Emerging Markets. 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 manufacturing.

Moving together with Columbia Mutual Fund

0.84	SRINX	Columbia Porate Income	Pair Corr
0.74	CUSBX	Columbia Ultra Short	Pair Corr
0.94	CUTRX	Columbia Treasury Index	Pair Corr
0.94	CUTYX	Columbia Treasury Index	Pair Corr
0.67	CDOZX	Columbia Dividend	Pair Corr
0.61	CDOYX	Columbia Dividend	Pair Corr
1.0	CEBRX	Columbia Emerging Markets	Pair Corr
0.66	CEKYX	Columbia Emerging Markets	Pair Corr
0.64	CEKRX	Columbia Emerging Markets	Pair Corr
0.91	CEPRX	Columbia Income Oppo	Pair Corr
0.62	CFCYX	Columbia Flexible Capital	Pair Corr
0.93	LIBCX	Columbia Total Return	Pair Corr
0.78	APECX	Columbia High Yield	Pair Corr
0.89	CGCYX	Columbia Greater China	Pair Corr

Moving against Columbia Mutual Fund

0.53	CUURX	Columbia Small Cap	Pair Corr
0.48	CVERX	Columbia Mid Cap	Pair Corr
0.56	GEGTX	Columbia Large Cap	Pair Corr
0.54	SSVIX	Columbia Select Smaller	Pair Corr
0.52	CECYX	Columbia Large Cap	Pair Corr
0.48	SCIRX	Columbia Seligman	Pair Corr
0.42	CLM	Cornerstone Strategic	Pair Corr
0.66	CGOCX	Columbia Small Cap	Pair Corr
0.65	CXXRX	Columbia Small Cap	Pair Corr
0.63	CGTRX	Columbia Select Large	Pair Corr
0.62	CGTUX	Columbia Global Tech	Pair Corr
0.59	CGQYX	Columbia Disciplined	Pair Corr
0.56	CGFYX	Columbia Large Cap	Pair Corr

Related Correlations Analysis

	SEDIX	PIEFX	EMDQX	RYACX	VIESX	SMSDX	BXECX
SEDIX		0.85	0.89	0.47	0.85	0.97	0.68	SEDIX
PIEFX	0.85		0.9	0.37	0.9	0.84	0.67	PIEFX
EMDQX	0.89	0.9		0.52	0.79	0.85	0.78	EMDQX
RYACX	0.47	0.37	0.52		0.29	0.24	0.38	RYACX
VIESX	0.85	0.9	0.79	0.29		0.87	0.53	VIESX
SMSDX	0.97	0.84	0.85	0.24	0.87		0.66	SMSDX
BXECX	0.68	0.67	0.78	0.38	0.53	0.66		BXECX
	SEDIX	PIEFX	EMDQX	RYACX	VIESX	SMSDX	BXECX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Emerging 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 Emerging'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
SEDIX	0.09	0.02	0.13	(0.63)	0.00	(0.16)	0.21	(0.21)	0.53
PIEFX	1.01	0.10	0.08	0.21	1.18	(1.08)	2.06	(1.98)	6.94
EMDQX	0.29	0.05	0.12	0.63	0.14	(0.43)	0.68	(0.45)	1.75
RYACX	1.08	0.12	0.10	0.83	1.11	(1.25)	2.76	(1.58)	6.30
VIESX	0.53	0.07	0.09	1.10	0.60	(0.61)	1.31	(1.03)	3.67
SMSDX	0.22	0.03	0.11	(0.64)	0.14	(0.27)	0.43	(0.42)	1.30
BXECX	0.19	0.04	0.14	(0.48)	0.00	(0.32)	0.55	(0.27)	1.21

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