Columbia Correlations

XCEM Etf

USD 29.56 0.70 2.31%

The current 90-days correlation between Columbia EM Core and iShares MSCI Emerging is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Columbia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbia EM Core moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Columbia Correlation With Market

Very good diversification

The correlation between Columbia EM Core and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia EM Core and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Columbia EM Core. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Columbia Etf

0.64	VWO	Vanguard FTSE Emerging	Pair Corr
0.62	IEMG	iShares Core MSCI	Pair Corr
0.67	EMC	Global X Funds	Pair Corr
0.66	SPEM	SPDR Portfolio Emerging	Pair Corr
0.77	DGS	WisdomTree Emerging	Pair Corr
0.77	XSOE	WisdomTree Emerging	Pair Corr
0.76	EMXC	iShares MSCI Emerging	Pair Corr
0.68	PXMV	Invesco SP MidCap	Pair Corr

Moving against Columbia Etf

0.55

PFE

Pfizer Inc

Pair Corr

Related Correlations Analysis

	EMXC	ROAM	QEMM	TLTE	DBEM
EMXC		0.64	0.84	0.69	0.47	EMXC
ROAM	0.64		0.86	0.96	0.94	ROAM
QEMM	0.84	0.86		0.9	0.75	QEMM
TLTE	0.69	0.96	0.9		0.89	TLTE
DBEM	0.47	0.94	0.75	0.89		DBEM
	EMXC	ROAM	QEMM	TLTE	DBEM

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Columbia Constituents Risk-Adjusted Indicators

There is a big difference between Columbia Etf performing well and Columbia ETF 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'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
EMXC	0.65	(0.06)	0.00	(0.16)	0.00	0.00	1.23	(1.51)	4.38
ROAM	0.51	0.01	0.03	0.00	0.72	(0.48)	1.17	(1.19)	3.16
QEMM	0.56	(0.03)	0.00	(0.11)	0.00	0.00	1.13	(1.38)	3.73
TLTE	0.61	(0.01)	0.00	(0.04)	0.00	0.00	1.33	(1.35)	4.47
DBEM	0.62	0.03	0.05	0.12	0.94	(0.55)	1.19	(1.75)	3.93

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