Columbia Select Correlations

Mutual Funds . USA . 
Fund . Columbia Select Smaller Cap
SSCVX Fund  USD 22.81  0.06  0.26%   
The current 90-days correlation between Columbia Select Smaller and Guidepath Managed Futures is 0.47 (i.e., Very weak diversification). The correlation of Columbia Select 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 Select Correlation With Market

Very poor diversification

The correlation between Columbia Select Smaller Cap and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Select Smaller Cap 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 Select Smaller Cap. 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 real.

Moving together with Columbia Mutual Fund

  0.75CUSOX Columbia Ultra ShortPairCorr
  0.9ILGCX Columbia Integrated LargePairCorr
  0.9ILGGX Columbia Integrated LargePairCorr
  0.82ILGFX Columbia Integrated LargePairCorr
  0.9ILGJX Columbia Integrated LargePairCorr
  0.98ILVBX Columbia Integrated LargePairCorr
  0.98ILVFX Columbia Integrated LargePairCorr
  0.85ILVEX Columbia Integrated LargePairCorr
  0.85CFIGX Columbia Flexible CapitalPairCorr
  0.85CFIAX Columbia Flexible CapitalPairCorr
  0.92LIACX Columbia AcornPairCorr
  0.93SCICX Columbia SeligmanPairCorr
  0.94PHIKX Columbia ConvertiblePairCorr
  0.96INDZX Columbia DiversifiedPairCorr
  0.88INUTX Columbia DividendPairCorr
  0.96CGOAX Columbia Small CapPairCorr
  0.91AQEAX Columbia DisciplinedPairCorr
  0.86SVLCX Columbia Select LargePairCorr
  0.92NSGAX Columbia Select LargePairCorr
  0.73NBICX Columbia Capital AllPairCorr
  0.74NBIAX Columbia Capital AllPairCorr

Moving against Columbia Mutual Fund

  0.68LIBAX Columbia Total ReturnPairCorr
  0.74PISKX Columbia Pyrford IntPairCorr
  0.73PISDX Columbia Pyrford IntPairCorr
  0.73PISLX Columbia Pyrford IntPairCorr
  0.73PISOX Columbia Pyrford IntPairCorr
  0.73PISJX Columbia Pyrford IntPairCorr
  0.73PISQX Columbia Pyrford IntPairCorr
  0.56LIIAX Columbia Porate IncomePairCorr

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 Select 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 Select'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