Columbia Seligman Correlations

SGTRX Fund  USD 76.95  0.00  0.00%   
The current 90-days correlation between Columbia Seligman Global and Veea Inc is -0.01 (i.e., Good 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

Good diversification

The correlation between Columbia Seligman Global and DJI is -0.02 (i.e., Good 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 World Market Map 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 metropolitan statistical area.

Moving together with Columbia Mutual Fund

  0.84WEBB Web Global HoldingsPairCorr
  0.79WGNR WegenerPairCorr
  0.74CETXP Cemtrex PrefPairCorr

Moving against Columbia Mutual Fund

  0.86EVOL Evolving SystemsPairCorr
  0.82DLPX Delphax TechnologiesPairCorr
  0.66DZSI DZS IncPairCorr
  0.66VVPR VivoPower International Tech BoostPairCorr
  0.65XELAP Exela TechnologiesPairCorr
  0.64VHAI VHAIPairCorr
  0.64SBIGW SpringBig HoldingsPairCorr
  0.38VEEA Veea Inc Symbol ChangePairCorr
  0.85ZPTAW Zapata Computing HoldingsPairCorr
  0.84ZPTA Zapata Computing Holdings Symbol ChangePairCorr
  0.83GETR Getaround Financial Report 20th of December 2024 PairCorr
  0.82VLD Velo3D IncPairCorr
  0.63XELA Exela Technologies Tech BoostPairCorr

Related Correlations Analysis

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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   
CUTRXSRINX
CUSBXCUSHX
CUURXCDAZX
CDAZXCUSHX
CDAZXCUSBX
CUURXCUSHX
  
High negative correlations   
CDAZXCUTRX
CUTRXCUSBX
CUSBXVVPR
CUTRXCUSHX
CUSHXVVPR
CUSHXVHAI

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VEEA  9.07 (0.68) 0.00  0.42  0.00 
 11.11 
 157.04 
VHAI  9.97 (1.93) 0.00  0.72  0.00 
 20.73 
 54.90 
VVPR  6.20 (0.11) 0.00  0.26  0.00 
 6.40 
 112.34 
WBTN  3.16 (0.18)(0.03) 0.00  4.30 
 7.65 
 20.14 
SRINX  0.22  0.00 (0.34) 1.10  0.26 
 0.44 
 1.42 
CUSHX  0.05  0.01  0.00  0.50  0.00 
 0.11 
 0.66 
CUSBX  0.05  0.02  0.00 (0.54) 0.00 
 0.11 
 0.66 
CUTRX  0.22 (0.03) 0.00 (0.70) 0.00 
 0.50 
 1.32 
CDAZX  0.53  0.07  0.04  0.22  0.31 
 1.41 
 4.35 
CUURX  0.86  0.01  0.05  0.12  0.77 
 2.04 
 6.21