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.
Columbia |
Moving together with Columbia Mutual Fund
| 0.63 | CUVRX | Columbia Government | PairCorr |
| 0.88 | CDLRX | Columbia Limited Duration | PairCorr |
| 0.71 | CEKYX | Columbia Emerging Markets | PairCorr |
| 0.71 | UMEMX | Columbia Emerging Markets | PairCorr |
Moving against Columbia Mutual Fund
| 0.33 | SSVIX | Columbia Select Smaller | PairCorr |
| 0.32 | CDAZX | Multi Manager Direct | PairCorr |
| 0.36 | CLM | Cornerstone Strategic Sell-off Trend | PairCorr |
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
| High negative correlations
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CCD | 0.74 | (0.02) | (0.10) | 0.08 | 0.91 | 1.88 | 4.88 | |||
| LCFYX | 0.36 | 0.11 | 0.11 | 0.39 | 0.00 | 1.01 | 2.22 | |||
| PBXIX | 0.31 | 0.04 | (0.10) | 0.22 | 0.00 | 0.87 | 1.94 | |||
| GCV | 0.82 | 0.00 | (0.07) | 0.13 | 1.27 | 1.52 | 5.70 | |||
| AVK | 0.62 | 0.06 | (0.04) | 0.43 | 0.72 | 1.43 | 5.25 | |||
| VAADX | 0.42 | 0.13 | 0.15 | 0.37 | 0.00 | 1.09 | 2.28 | |||
| XNCVX | 0.46 | 0.09 | 0.06 | 0.29 | 0.23 | 1.08 | 2.41 |
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 |