Columbia Global Correlations

CEVZX Fund

USD 12.67 0.01 0.08%

The current 90-days correlation between Columbia Global Equity and Blue Current Global is 0.01 (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 Equity and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Global Equity 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 Equity. 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

0.68	CDAZX	Multi-manager Directional	Pair Corr
0.83	CDDYX	Columbia Dividend Income	Pair Corr
0.83	CDDRX	Columbia Dividend Income	Pair Corr
0.83	CDEYX	Columbia Diversified	Pair Corr
0.92	CDIRX	Columbia Dividend Income	Pair Corr
0.79	AMTCX	Columbia Capital All	Pair Corr
0.82	CDOZX	Columbia Dividend	Pair Corr
0.91	CDOYX	Columbia Dividend	Pair Corr
0.91	CDVZX	Columbia Diversified	Pair Corr
0.84	CVQZX	Columbia Disciplined	Pair Corr
0.67	CEKRX	Columbia Emerging Markets	Pair Corr
0.63	CEPRX	Columbia Income Oppo	Pair Corr
0.83	CEVYX	Columbia Global Equity	Pair Corr
0.79	RPCCX	Columbia Capital All	Pair Corr
0.83	CFCYX	Columbia Flexible Capital	Pair Corr
0.66	CFCIX	Columbia Large Cap	Pair Corr
0.92	CFIZX	Columbia Flexible Capital	Pair Corr
0.92	CFXRX	Columbia Flexible Capital	Pair Corr
0.77	APECX	Columbia High Yield	Pair Corr
0.78	CGEZX	Columbia Select Global	Pair Corr

Related Correlations Analysis

	BCGDX	MGKAX	GWOAX	MFIRX	DBIWX	DBLGX	GMADX	ANAGX
BCGDX		0.92	0.96	0.75	0.92	0.64	0.85	0.68	BCGDX
MGKAX	0.92		0.92	0.7	0.87	0.48	0.8	0.6	MGKAX
GWOAX	0.96	0.92		0.82	0.96	0.69	0.86	0.73	GWOAX
MFIRX	0.75	0.7	0.82		0.91	0.91	0.75	0.9	MFIRX
DBIWX	0.92	0.87	0.96	0.91		0.8	0.84	0.85	DBIWX
DBLGX	0.64	0.48	0.69	0.91	0.8		0.67	0.85	DBLGX
GMADX	0.85	0.8	0.86	0.75	0.84	0.67		0.63	GMADX
ANAGX	0.68	0.6	0.73	0.9	0.85	0.85	0.63		ANAGX
	BCGDX	MGKAX	GWOAX	MFIRX	DBIWX	DBLGX	GMADX	ANAGX

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 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
BCGDX	0.64	0.02	0.01	(0.10)	0.92	(0.67)	1.28	(1.27)	3.69
MGKAX	0.82	0.06	0.05	(0.42)	1.10	(0.89)	1.62	(1.64)	4.75
GWOAX	0.61	0.03	0.03	(0.12)	0.84	(0.61)	1.29	(1.14)	3.92
MFIRX	0.11	0.02	0.05	1.47	0.00	(0.21)	0.19	(0.19)	0.77
DBIWX	0.26	0.01	0.01	(0.08)	0.34	(0.29)	0.48	(0.58)	1.77
DBLGX	0.22	0.01	0.02	0.19	0.20	(0.30)	0.48	(0.36)	1.21
GMADX	0.73	0.04	0.03	0.06	1.30	(0.73)	1.26	(1.63)	11.02
ANAGX	0.19	0.00	(0.02)	0.12	0.20	(0.27)	0.44	(0.44)	1.46

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Columbia Global Correlations

Columbia Global Correlation With Market

Poor diversification

Moving together with Columbia Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY