Columbia Emerging Correlations

CEBSX Fund  USD 9.54  0.00  0.00%   
The current 90-days correlation between Columbia Emerging Markets and Calamos Dynamic Convertible is 0.08 (i.e., Significant diversification). The correlation of Columbia Emerging 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 Emerging Correlation With Market

Significant diversification

The correlation between Columbia Emerging Markets and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios. 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 state.

Moving together with Columbia Mutual Fund

  0.63CUVRX Columbia GovernmentPairCorr
  0.88CDLRX Columbia Limited DurationPairCorr
  0.71CEKYX Columbia Emerging MarketsPairCorr
  0.71UMEMX Columbia Emerging MarketsPairCorr

Moving against Columbia Mutual Fund

  0.33SSVIX Columbia Select SmallerPairCorr
  0.32CDAZX Multi Manager DirectPairCorr
  0.36CLM Cornerstone Strategic Sell-off TrendPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
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VAADXLCFYX
XNCVXLCFYX
PBXIXLCFYX
VAADXPBXIX
XNCVXPBXIX
  
High negative correlations   
GCVCCD
AVKCCD
VAADXCCD
XNCVXCCD
LCFYXCCD

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Emerging 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 Emerging'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.

Columbia Emerging Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Columbia Emerging mutual fund to make a market-neutral strategy. Peer analysis of Columbia Emerging could also be used in its relative valuation, which is a method of valuing Columbia Emerging by comparing valuation metrics with similar companies.
 Risk & Return  Correlation