Columbia Seligman Correlations

SHGTX Fund

USD 70.49 0.74 1.06%

The current 90-days correlation between Columbia Seligman Global and Delaware Limited Term Diversified is 0.1 (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 Global 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 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 estimate.

Moving together with Columbia Mutual Fund

0.65	VEEAW	Veea Inc Symbol Change	Pair Corr
0.74	MYNA	Mynaric AG ADR	Pair Corr
0.65	NOVA	Sunnova Energy Inter	Pair Corr
0.7	CORZZ	Core Scientific, Tranche	Pair Corr
0.76	SLNHP	Soluna Holdings Preferred Downward Rally	Pair Corr
0.65	SMTK	SmartKem, Common Stock	Pair Corr
0.85	ILGCX	Columbia Integrated Large	Pair Corr
0.85	ILGGX	Columbia Integrated Large	Pair Corr
0.85	ILGJX	Columbia Integrated Large	Pair Corr
0.9	SSCVX	Columbia Select Smaller	Pair Corr

Moving against Columbia Mutual Fund

0.72	MIND	Mind Technology	Pair Corr
0.55	ZUO	Zuora Inc	Pair Corr
0.53	EXOD	Exodus Movement,	Pair Corr
0.48	NXXT	NextNRG Symbol Change	Pair Corr
0.45	HPAIW	Helport AI Limited	Pair Corr
0.43	ZEOWW	Zeo Energy Corp Symbol Change	Pair Corr
0.39	LGTY	Logility Supply Chain Symbol Change	Pair Corr
0.62	SCWX	Secureworks Corp	Pair Corr
0.61	RZLVW	Rezolve AI Limited	Pair Corr
0.58	CUSOX	Columbia Ultra Short	Pair Corr
0.31	AXIL	AXIL Brands,	Pair Corr

Related Correlations Analysis

	DLTZX	XWDIX	MBLAX	CDBCX	MDBSX	ELDFX	FZABX
DLTZX		-0.21	0.32	0.46	0.59	-0.09	0.39	DLTZX
XWDIX	-0.21		0.59	0.63	0.54	0.86	0.62	XWDIX
MBLAX	0.32	0.59		0.82	0.66	0.7	0.91	MBLAX
CDBCX	0.46	0.63	0.82		0.91	0.73	0.81	CDBCX
MDBSX	0.59	0.54	0.66	0.91		0.6	0.76	MDBSX
ELDFX	-0.09	0.86	0.7	0.73	0.6		0.72	ELDFX
FZABX	0.39	0.62	0.91	0.81	0.76	0.72		FZABX
	DLTZX	XWDIX	MBLAX	CDBCX	MDBSX	ELDFX	FZABX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

FZABX	+ 0.91	MBLAX
MDBSX	+ 0.91	CDBCX
ELDFX	+ 0.86	XWDIX
CDBCX	+ 0.82	MBLAX
FZABX	+ 0.81	CDBCX
FZABX	+ 0.76	MDBSX

High negative correlations

XWDIX	- 0.21	DLTZX
ELDFX	- 0.09	DLTZX

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
DLTZX	0.09	0.02	0.24	0.93	0.00	(0.18)	0.26	(0.13)	0.64
XWDIX	0.20	(0.03)	0.00	0.58	0.00	0.00	0.32	(0.65)	1.58
MBLAX	0.23	0.00	0.06	(0.01)	0.31	(0.27)	0.39	(0.39)	1.64
CDBCX	0.25	0.03	0.15	0.27	0.19	(0.31)	0.66	(0.44)	1.55
MDBSX	0.23	0.03	0.18	(0.42)	0.10	(0.32)	0.75	(0.38)	1.38
ELDFX	0.44	(0.01)	0.00	(0.06)	0.00	0.00	0.68	(1.05)	5.08
FZABX	0.69	0.01	0.02	0.00	1.20	(0.61)	1.21	(1.19)	5.64

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC