Columbia Seligman Correlations

SLMCX Fund

USD 113.42 2.54 2.19%

The current 90-days correlation between Columbia Seligman and Columbia Seligman Global is -0.15 (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 Munications and DJI is -0.12 (i.e., Good 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

0.79	VEEA	Veea Inc Symbol Change	Pair Corr
0.75	VISL	Vislink Technologies Earnings Call This Week	Pair Corr
0.78	YAAS	Youxin Technology	Pair Corr
0.64	ZENA	ZenaTech	Pair Corr
0.68	INGM	Ingram Micro Holding	Pair Corr
0.65	VSTEW	Vast Renewables	Pair Corr
0.68	MIND	Mind Technology	Pair Corr
0.93	HPE-PC	Hewlett Packard Ente	Pair Corr
0.75	VEEAW	Veea Inc Symbol Change	Pair Corr
0.8	NOVA	Sunnova Energy Inter	Pair Corr
0.68	NXXT	NextNRG Symbol Change	Pair Corr
0.79	CORZZ	Core Scientific, Tranche	Pair Corr
0.81	SLNHP	Soluna Holdings Preferred	Pair Corr
0.73	PENG	Penguin Solutions, Symbol Change	Pair Corr

Moving against Columbia Mutual Fund

0.77	MTTR	Matterport	Pair Corr
0.68	INFN	Infinera	Pair Corr
0.61	EMKR	EMCORE	Pair Corr
0.5	HPAIW	Helport AI Limited	Pair Corr
0.47	LGTY	Logility Supply Chain Symbol Change	Pair Corr
0.36	HCP	Hashicorp	Pair Corr
0.67	CUSOX	Columbia Ultra Short	Pair Corr
0.63	SRIJX	Columbia Corporate Income	Pair Corr
0.61	NTCL	NETCLASS TECHNOLOGY INC	Pair Corr
0.5	AMBR	Amber Road, Symbol Change	Pair Corr

Related Correlations Analysis

	SHGTX	ALTFX	NYVTX	MNNAX	SHSAX
SHGTX		0.97	0.37	0.97	0.06	SHGTX
ALTFX	0.97		0.47	0.99	0.19	ALTFX
NYVTX	0.37	0.47		0.48	0.85	NYVTX
MNNAX	0.97	0.99	0.48		0.18	MNNAX
SHSAX	0.06	0.19	0.85	0.18		SHSAX
	SHGTX	ALTFX	NYVTX	MNNAX	SHSAX

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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
SHGTX	1.27	(0.12)	0.00	(0.12)	0.00	0.00	1.86	(3.18)	7.73
ALTFX	0.82	(0.05)	0.00	(0.08)	0.00	0.00	1.35	(1.94)	4.29
NYVTX	0.70	0.09	0.10	0.07	0.79	(0.78)	1.66	(1.50)	4.26
MNNAX	0.82	(0.03)	0.00	(0.06)	0.00	0.00	1.36	(1.93)	4.52
SHSAX	0.63	0.08	0.12	0.09	0.62	(0.69)	1.33	(0.95)	3.73

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