Columbia Seligman Correlations

SCICX Fund

USD 47.46 0.06 0.13%

The current 90-days correlation between Columbia Seligman and Invesco Gold Special is 0.14 (i.e., Average 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

Modest diversification

The correlation between Columbia Seligman Munications and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Seligman Munications and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Columbia Seligman Munications. 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 main economic indicators.

Moving together with Columbia Mutual Fund

0.61	DMN	Damon Common Stock	Pair Corr
0.62	NOVA	Sunnova Energy Inter Earnings Call Tomorrow	Pair Corr
0.69	SLNHP	Soluna Holdings Preferred	Pair Corr
0.85	ILGCX	Columbia Integrated Large	Pair Corr
0.85	ILGGX	Columbia Integrated Large	Pair Corr
0.83	ILGJX	Columbia Integrated Large	Pair Corr
0.77	SSCVX	Columbia Select Smaller	Pair Corr
0.87	ILVBX	Columbia Integrated Large	Pair Corr
0.87	ILVFX	Columbia Integrated Large	Pair Corr

Moving against Columbia Mutual Fund

0.65	VEEA	Veea Inc Symbol Change	Pair Corr
0.65	MIND	Mind Technology	Pair Corr
0.64	SCWX	Secureworks Corp	Pair Corr
0.58	RZLVW	Rezolve AI Limited	Pair Corr
0.56	ZEOWW	Zeo Energy Corp Symbol Change	Pair Corr
0.53	EXOD	Exodus Movement,	Pair Corr
0.43	PENG	Penguin Solutions, Symbol Change	Pair Corr
0.37	LGTY	Logility Supply Chain Earnings Call This Week	Pair Corr
0.34	HPAIW	Helport AI Limited	Pair Corr
0.66	CUSOX	Columbia Ultra Short	Pair Corr

Related Correlations Analysis

	IOGYX	FEGOX	SGDIX	GLDAX	OGMCX	QGLDX
IOGYX		0.97	0.99	0.98	1.0	0.84	IOGYX
FEGOX	0.97		0.99	0.99	0.97	0.91	FEGOX
SGDIX	0.99	0.99		0.99	0.98	0.89	SGDIX
GLDAX	0.98	0.99	0.99		0.98	0.92	GLDAX
OGMCX	1.0	0.97	0.98	0.98		0.83	OGMCX
QGLDX	0.84	0.91	0.89	0.92	0.83		QGLDX
	IOGYX	FEGOX	SGDIX	GLDAX	OGMCX	QGLDX

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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
IOGYX	1.35	0.09	0.05	0.14	1.64	(1.53)	2.68	(2.81)	8.99
FEGOX	1.26	0.11	0.06	0.23	1.63	(1.31)	2.83	(2.91)	7.79
SGDIX	1.31	0.09	0.04	0.24	1.77	(1.29)	2.66	(3.01)	7.56
GLDAX	1.23	0.11	0.06	0.19	1.68	(1.18)	2.83	(2.88)	8.37
OGMCX	1.35	0.08	0.05	0.13	1.64	(1.53)	2.69	(2.77)	8.94
QGLDX	0.82	0.09	0.08	0.51	1.11	(0.83)	1.40	(1.99)	4.89

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