Columbia Overseas Correlations

COSSX Fund

USD 11.96 0.03 0.25%

The current 90-days correlation between Columbia Overseas Value and Principal Lifetime Hybrid is 0.67 (i.e., Poor diversification). The correlation of Columbia Overseas 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 Overseas Correlation With Market

Very weak diversification

The correlation between Columbia Overseas Value and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Overseas Value 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 Overseas Value. 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 state.

Moving together with Columbia Mutual Fund

0.66	SRINX	Columbia Porate Income	Pair Corr
0.89	CUSBX	Columbia Ultra Short	Pair Corr
0.9	CUTRX	Columbia Treasury Index	Pair Corr
0.83	CUTYX	Columbia Treasury Index	Pair Corr
0.83	CEBYX	Columbia Emerging Markets	Pair Corr
0.7	CEBRX	Columbia Emerging Markets	Pair Corr
0.65	CEKYX	Columbia Emerging Markets	Pair Corr
0.69	CEKRX	Columbia Emerging Markets	Pair Corr
0.67	CEPRX	Columbia Income Oppo	Pair Corr
0.7	RPCCX	Columbia Capital All	Pair Corr
0.82	LIBCX	Columbia Total Return	Pair Corr
0.89	CGCYX	Columbia Greater China	Pair Corr

Moving against Columbia Mutual Fund

0.64	CUURX	Columbia Small Cap	Pair Corr
0.6	CVERX	Columbia Mid Cap	Pair Corr
0.73	SSVIX	Columbia Select Smaller	Pair Corr
0.68	SCIRX	Columbia Seligman	Pair Corr
0.65	GEGTX	Columbia Large Cap	Pair Corr
0.62	CECYX	Columbia Large Cap	Pair Corr
0.56	CLM	Cornerstone Strategic	Pair Corr
0.74	CGOCX	Columbia Small Cap	Pair Corr
0.72	CGTRX	Columbia Select Large	Pair Corr
0.71	CXXRX	Columbia Small Cap	Pair Corr
0.69	CGQYX	Columbia Disciplined	Pair Corr
0.68	SCMIX	Columbia Seligman	Pair Corr
0.67	CGFYX	Columbia Large Cap	Pair Corr

Related Correlations Analysis

	PHTTX	FZABX	ACDOX	DLTZX	BDVFX	SRDAX	MDBLX
PHTTX		0.71	0.42	0.4	0.47	0.04	0.47	PHTTX
FZABX	0.71		0.81	0.83	0.79	-0.21	0.82	FZABX
ACDOX	0.42	0.81		0.94	0.95	-0.44	0.96	ACDOX
DLTZX	0.4	0.83	0.94		0.93	-0.35	0.96	DLTZX
BDVFX	0.47	0.79	0.95	0.93		-0.44	0.97	BDVFX
SRDAX	0.04	-0.21	-0.44	-0.35	-0.44		-0.4	SRDAX
MDBLX	0.47	0.82	0.96	0.96	0.97	-0.4		MDBLX
	PHTTX	FZABX	ACDOX	DLTZX	BDVFX	SRDAX	MDBLX

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

MDBLX	+ 0.97	BDVFX
MDBLX	+ 0.96	ACDOX
MDBLX	+ 0.96	DLTZX
BDVFX	+ 0.95	ACDOX
DLTZX	+ 0.94	ACDOX
BDVFX	+ 0.93	DLTZX

High negative correlations

SRDAX	- 0.44	BDVFX
SRDAX	- 0.44	ACDOX
MDBLX	- 0.4	SRDAX
SRDAX	- 0.35	DLTZX
SRDAX	- 0.21	FZABX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Overseas 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 Overseas' 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
PHTTX	0.35	0.00	0.00	(0.05)	0.00	0.00	0.67	(0.67)	1.95
FZABX	0.74	0.09	0.10	0.11	1.00	(0.72)	1.45	(1.37)	6.16
ACDOX	0.24	0.01	0.17	(0.19)	0.21	(0.30)	0.55	(0.43)	1.46
DLTZX	0.08	0.01	0.27	0.80	0.00	(0.18)	0.26	(0.13)	0.64
BDVFX	0.25	0.00	0.07	(0.08)	0.32	(0.28)	0.54	(0.54)	1.41
SRDAX	0.16	0.00	0.15	(0.11)	0.16	(0.20)	0.29	(0.37)	0.76
MDBLX	0.23	0.02	0.18	0.28	0.18	(0.30)	0.50	(0.38)	1.38

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