Columbia Select Correlations

SSVIX Fund

USD 20.58 0.12 0.58%

The current 90-days correlation between Columbia Select Smaller and Blue Current Global is -0.18 (i.e., Good 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 0.83 (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 gross domestic product.

Moving together with Columbia Mutual Fund

0.67	CDAZX	Multi-manager Directional	Pair Corr
0.97	CUURX	Columbia Small Cap	Pair Corr
0.87	CVERX	Columbia Mid Cap	Pair Corr
0.65	CVQZX	Columbia Disciplined	Pair Corr
0.93	CECYX	Columbia Large Cap	Pair Corr
0.92	GEGTX	Columbia Large Cap	Pair Corr
0.87	CLM	Cornerstone Strategic	Pair Corr
0.95	SCIRX	Columbia Seligman	Pair Corr
0.95	SCMIX	Columbia Seligman	Pair Corr
0.69	CGEZX	Columbia Select Global	Pair Corr

Moving against Columbia Mutual Fund

0.79	CUTRX	Columbia Treasury Index	Pair Corr
0.79	CUTYX	Columbia Treasury Index	Pair Corr
0.67	SRINX	Columbia Porate Income	Pair Corr
0.66	CUSBX	Columbia Ultra Short	Pair Corr
0.64	CEBYX	Columbia Emerging Markets	Pair Corr
0.77	LIBCX	Columbia Total Return	Pair Corr
0.69	CEBRX	Columbia Emerging Markets	Pair Corr
0.46	CEPRX	Columbia Income Oppo	Pair Corr
0.31	CEKYX	Columbia Emerging Markets	Pair Corr
0.78	CGVRX	Columbia Government	Pair Corr
0.76	CGCYX	Columbia Greater China	Pair Corr

Related Correlations Analysis

	BCGDX	AQGNX	HRLAX	MFIRX	DBIWX	SGMAX
BCGDX		0.88	0.66	0.76	0.92	0.83	BCGDX
AQGNX	0.88		0.78	0.79	0.88	0.87	AQGNX
HRLAX	0.66	0.78		0.84	0.79	0.88	HRLAX
MFIRX	0.76	0.79	0.84		0.92	0.96	MFIRX
DBIWX	0.92	0.88	0.79	0.92		0.92	DBIWX
SGMAX	0.83	0.87	0.88	0.96	0.92		SGMAX
	BCGDX	AQGNX	HRLAX	MFIRX	DBIWX	SGMAX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BCGDX	0.64	0.03	0.03	(0.15)	0.93	(0.66)	1.28	(1.27)	3.69
AQGNX	0.83	0.11	0.10	0.11	0.92	(0.90)	1.55	(1.69)	5.59
HRLAX	0.30	0.12	0.34	0.56	0.00	(0.40)	0.83	(0.47)	1.67
MFIRX	0.11	0.02	0.07	1.29	0.00	(0.21)	0.19	(0.19)	0.77
DBIWX	0.26	0.01	0.04	(0.14)	0.33	(0.29)	0.48	(0.58)	1.77
SGMAX	0.41	0.09	0.19	0.19	0.32	(0.49)	0.95	(0.72)	2.73

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