Columbia Seligman Correlations

Mutual Funds . USA . 
Fund . Columbia Seligman Global
SHTCX Fund  USD 37.59  0.66  1.79%   
The current 90-days correlation between Columbia Seligman Global and Columbia Seligman Munications is 1.0 (i.e., No risk reduction). 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 Global and DJI is 0.6 (i.e., Poor 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 main economic indicators.

Moving together with Columbia Mutual Fund

  0.78VEEA Veea Inc Symbol ChangePairCorr
  0.79VISL Vislink Technologies Earnings Call This WeekPairCorr
  0.69YAAS Youxin TechnologyPairCorr
  0.65ZENA ZenaTechPairCorr
  0.66INGM Ingram Micro HoldingPairCorr
  0.63VSTEW Vast RenewablesPairCorr
  0.92HPE-PC Hewlett Packard EntePairCorr
  0.73VEEAW Veea Inc Symbol ChangePairCorr
  0.79NOVA Sunnova Energy InterPairCorr
  0.74NXXT NextNRG Symbol ChangePairCorr
  0.83CORZZ Core Scientific, TranchePairCorr
  0.82SLNHP Soluna Holdings PreferredPairCorr
  0.74PENG Penguin Solutions, Symbol ChangePairCorr
  0.63RZLVW Rezolve AI LimitedPairCorr

Moving against Columbia Mutual Fund

  0.75MTTR MatterportPairCorr
  0.68INFN InfineraPairCorr
  0.61EMKR EMCOREPairCorr
  0.49HPAIW Helport AI LimitedPairCorr
  0.45LGTY Logility Supply Chain Symbol ChangePairCorr
  0.39HCP HashicorpPairCorr
  0.74LIBAX Columbia Total ReturnPairCorr
  0.66CUSOX Columbia Ultra ShortPairCorr
  0.63SRIJX Columbia Corporate IncomePairCorr
  0.6NTCL NETCLASS TECHNOLOGY INCPairCorr
  0.36LHIAX Columbia High YieldPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY