Columbia Seligman Correlations

CGTYX Fund

USD 78.45 1.13 1.46%

The current 90-days correlation between Columbia Seligman Global and Financial Industries Fund is 0.27 (i.e., Modest 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

Average diversification

The correlation between Columbia Seligman Global and DJI is 0.18 (i.e., Average 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 Trending Equities 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 manufacturing.

Moving together with Columbia Mutual Fund

0.61	RXT	Rackspace Technology	Pair Corr
0.68	KSPI	Joint Stock	Pair Corr

Moving against Columbia Mutual Fund

0.7	VEEA	Veea Inc Symbol Change	Pair Corr
0.58	EXOD	Exodus Movement,	Pair Corr
0.53	CETXP	Cemtrex Pref	Pair Corr
0.41	WGNR	Wegener	Pair Corr
0.34	VVPR	VivoPower International	Pair Corr
0.31	WEBB	Web Global Holdings	Pair Corr
0.74	MIND	Mind Technology	Pair Corr
0.63	MARXR	Mars Acquisition Corp	Pair Corr
0.61	ZEOWW	Zeo Energy Corp Symbol Change	Pair Corr
0.6	HPAIW	Helport AI Limited	Pair Corr
0.41	LTCH	Latch Inc	Pair Corr

Related Correlations Analysis

	FIDAX	XFINX	PSSRX	PGFMX	DVFYX	VFAIX	FNPIX	MSVIX
FIDAX		0.33	1.0	0.82	0.88	0.68	0.81	0.88	FIDAX
XFINX	0.33		0.33	0.4	0.52	0.59	0.51	0.26	XFINX
PSSRX	1.0	0.33		0.85	0.87	0.66	0.8	0.9	PSSRX
PGFMX	0.82	0.4	0.85		0.75	0.5	0.65	0.89	PGFMX
DVFYX	0.88	0.52	0.87	0.75		0.89	0.96	0.71	DVFYX
VFAIX	0.68	0.59	0.66	0.5	0.89		0.97	0.39	VFAIX
FNPIX	0.81	0.51	0.8	0.65	0.96	0.97		0.56	FNPIX
MSVIX	0.88	0.26	0.9	0.89	0.71	0.39	0.56		MSVIX
	FIDAX	XFINX	PSSRX	PGFMX	DVFYX	VFAIX	FNPIX	MSVIX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FIDAX	0.95	(0.01)	(0.01)	0.01	1.65	(0.96)	1.79	(2.01)	14.53
XFINX	0.12	0.00	(0.06)	(0.03)	0.21	(0.15)	0.28	(0.28)	1.14
PSSRX	0.88	(0.01)	(0.02)	(0.01)	1.36	(0.98)	1.51	(1.79)	11.81
PGFMX	0.37	(0.03)	0.00	(0.12)	0.00	0.00	0.78	(0.85)	3.70
DVFYX	0.79	0.06	0.04	0.14	0.96	(0.84)	1.35	(1.39)	9.40
VFAIX	0.80	0.11	0.10	0.31	0.90	(0.87)	1.46	(1.49)	10.22
FNPIX	1.14	0.12	0.07	0.22	1.39	(1.17)	2.08	(2.50)	13.82
MSVIX	0.85	(0.11)	0.00	(0.24)	0.00	0.00	1.40	(1.42)	15.14

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