Columbia Select Correlations

CSRRX Fund

USD 10.81 0.00 0.00%

The current 90-days correlation between Columbia Select Large and Columbia Large Cap is 0.04 (i.e., Significant 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

Significant diversification

The correlation between Columbia Select Large and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Select Large and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. 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 metropolitan statistical area.

Moving together with Columbia Mutual Fund

0.79	CUSHX	Columbia Ultra Short	Pair Corr
0.84	CUSBX	Columbia Ultra Short	Pair Corr
0.71	CDAZX	Multi Manager Direct	Pair Corr
0.71	CUURX	Columbia Small Cap	Pair Corr
0.89	CDORX	Columbia Dividend	Pair Corr
0.9	CVIRX	Columbia Dividend Income	Pair Corr
0.95	CEARX	Columbia Acorn	Pair Corr
0.9	CVVRX	Columbia Small Cap	Pair Corr
0.98	CECFX	Columbia Large Cap	Pair Corr
0.81	GEGTX	Columbia Large Cap	Pair Corr
0.88	CFCRX	Columbia Flexible Capital	Pair Corr

Moving against Columbia Mutual Fund

0.82	CUVRX	Columbia Government	Pair Corr
0.64	CUTRX	Columbia Treasury Index	Pair Corr
0.64	CUTYX	Columbia Treasury Index	Pair Corr
0.41	CDLRX	Columbia Limited Duration	Pair Corr
0.38	CEBRX	Columbia Emerging Markets	Pair Corr
0.37	CEBYX	Columbia Emerging Markets	Pair Corr
0.36	SRINX	Columbia Porate Income	Pair Corr
0.56	LIBCX	Columbia Total Return	Pair Corr
0.32	CEKYX	Columbia Emerging Markets	Pair Corr
0.32	CEKRX	Columbia Emerging Markets	Pair Corr
0.32	RPCCX	Columbia Capital All	Pair Corr

Related Correlations Analysis

	CLWFX	NFECX	NFEBX	SRIJX	CLXRX	SRINX	CUSHX	CUSAX	CUSBX
CLWFX		0.75	0.0	0.58	0.75	-0.37	0.77	-0.32	0.77	CLWFX
NFECX	0.75		0.0	0.57	0.4	-0.44	0.83	-0.34	0.85	NFECX
NFEBX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	NFEBX
SRIJX	0.58	0.57	0.0		0.49	0.22	0.58	-0.12	0.46	SRIJX
CLXRX	0.75	0.4	0.0	0.49		-0.2	0.52	-0.29	0.55	CLXRX
SRINX	-0.37	-0.44	0.0	0.22	-0.2		-0.52	0.13	-0.57	SRINX
CUSHX	0.77	0.83	0.0	0.58	0.52	-0.52		-0.07	0.85	CUSHX
CUSAX	-0.32	-0.34	0.0	-0.12	-0.29	0.13	-0.07		-0.29	CUSAX
CUSBX	0.77	0.85	0.0	0.46	0.55	-0.57	0.85	-0.29		CUSBX
	CLWFX	NFECX	NFEBX	SRIJX	CLXRX	SRINX	CUSHX	CUSAX	CUSBX

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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

CUSBX	+ 0.85	NFECX
CUSBX	+ 0.85	CUSHX
CUSHX	+ 0.83	NFECX
CUSHX	+ 0.77	CLWFX
CUSBX	+ 0.77	CLWFX
NFECX	+ 0.75	CLWFX

High negative correlations

CUSBX	- 0.57	SRINX
CUSHX	- 0.52	SRINX
SRINX	- 0.44	NFECX
SRINX	- 0.37	CLWFX
CUSAX	- 0.34	NFECX
CUSAX	- 0.32	CLWFX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CLWFX	0.78	0.04	0.02	0.06	1.41	(0.69)	1.68	(2.21)	6.68
NFECX	0.70	0.14	0.14	1.20	0.63	(0.87)	1.56	(1.13)	3.78
NFEBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SRIJX	0.21	(0.08)	0.00	3.29	0.00	0.00	0.44	(0.55)	0.87
CLXRX	0.60	(0.06)	0.00	(0.05)	0.00	0.00	0.97	(1.31)	8.30
SRINX	0.23	(0.05)	0.00	(1.05)	0.00	0.00	0.44	(0.55)	1.43
CUSHX	0.05	0.01	0.00	1.22	0.00	0.00	0.11	0.00	0.66
CUSAX	1.05	0.08	0.05	0.60	1.25	(1.15)	2.30	(2.08)	5.36
CUSBX	0.03	0.00	0.00	2.12	0.00	0.00	0.11	0.00	0.54

Columbia Select Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Columbia Select mutual fund to make a market-neutral strategy. Peer analysis of Columbia Select could also be used in its relative valuation, which is a method of valuing Columbia Select by comparing valuation metrics with similar companies.

Columbia Large Cap Columbia Fds Srs Columbia Large Cap Columbia Corporate Income Columbia Large Cap Columbia Porate Income Columbia Ultra Short Columbia Acorn Usa Columbia Ultra Short American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

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