Columbia Seligman Correlations

SCMIX Fund

USD 167.14 1.35 0.81%

The current 90-days correlation between Columbia Seligman and Vanguard Information Technology is 0.96 (i.e., Almost no 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

Poor diversification

The correlation between Columbia Seligman Munications and DJI is 0.72 (i.e., Poor 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 gross domestic product.

Moving together with Columbia Mutual Fund

0.85	WEBB	Web Global Holdings	Pair Corr
0.8	WGNR	Wegener	Pair Corr
0.75	CETXP	Cemtrex Pref	Pair Corr
0.61	ITI	Iteris Inc	Pair Corr

Moving against Columbia Mutual Fund

0.86	EVOL	Evolving Systems	Pair Corr
0.82	DLPX	Delphax Technologies	Pair Corr
0.67	DZSI	DZS Inc	Pair Corr
0.67	XELAP	Exela Technologies	Pair Corr
0.65	VVPR	VivoPower International Tech Boost	Pair Corr
0.65	SBIGW	SpringBig Holdings	Pair Corr
0.64	VHAI	VHAI	Pair Corr
0.34	VEEA	Veea Inc Symbol Change	Pair Corr
0.86	ZPTAW	Zapata Computing Holdings	Pair Corr
0.85	GETR	Getaround Financial Report 20th of December 2024	Pair Corr
0.85	ZPTA	Zapata Computing Holdings Symbol Change	Pair Corr
0.83	VLD	Velo3D Inc	Pair Corr
0.64	XELA	Exela Technologies Tech Boost	Pair Corr

Related Correlations Analysis

	VITAX	FSPTX	FSELX	FSCSX	SLMCX
VITAX		0.99	0.9	0.87	0.96	VITAX
FSPTX	0.99		0.88	0.88	0.95	FSPTX
FSELX	0.9	0.88		0.58	0.78	FSELX
FSCSX	0.87	0.88	0.58		0.94	FSCSX
SLMCX	0.96	0.95	0.78	0.94		SLMCX
	VITAX	FSPTX	FSELX	FSCSX	SLMCX

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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
VITAX	0.92	(0.01)	0.01	0.12	1.36	(0.90)	1.98	(2.45)	6.25
FSPTX	1.00	0.01	0.01	0.13	1.50	(0.93)	1.85	(2.58)	6.77
FSELX	1.59	(0.13)	(0.03)	0.04	2.41	(1.58)	3.39	(4.38)	9.85
FSCSX	0.78	0.08	0.07	0.21	0.84	(0.86)	1.69	(1.77)	5.90
SLMCX	0.81	0.02	0.02	0.14	1.13	(0.86)	1.55	(1.75)	5.35

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