Columbia Global Correlations

CGOLX Fund

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The current 90-days correlation between Columbia Global Dividend and Columbia Porate Income is 0.01 (i.e., Significant diversification). The correlation of Columbia Global 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 Global Correlation With Market

Good diversification

The correlation between Columbia Global Dividend and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Global Dividend 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 bureau of economic analysis.

Moving against Columbia Mutual Fund

0.68	CDAZX	Multi-manager Directional	Pair Corr
0.66	CUURX	Columbia Small Cap	Pair Corr
0.56	CDEYX	Columbia Diversified	Pair Corr
0.54	CUSHX	Columbia Ultra Short	Pair Corr
0.48	CUSBX	Columbia Ultra Short	Pair Corr
0.48	CDDYX	Columbia Dividend Income	Pair Corr
0.48	CDDRX	Columbia Dividend Income	Pair Corr
0.48	CDIRX	Columbia Dividend Income	Pair Corr
0.46	CDOZX	Columbia Dividend	Pair Corr
0.46	CDOYX	Columbia Dividend	Pair Corr
0.67	SSVIX	Columbia Select Smaller	Pair Corr
0.58	CVQZX	Columbia Disciplined	Pair Corr
0.56	CDVZX	Columbia Diversified	Pair Corr
0.53	CVERX	Columbia Mid Cap	Pair Corr
0.52	CECYX	Columbia Large Cap	Pair Corr
0.46	CEVYX	Columbia Global Equity	Pair Corr
0.41	CVVRX	Columbia Small Cap	Pair Corr
0.4	CECFX	Columbia Large Cap	Pair Corr
0.67	CLM	Cornerstone Strategic	Pair Corr
0.61	CFLRX	Columbia Floating Rate	Pair Corr
0.58	SCIRX	Columbia Seligman	Pair Corr
0.58	SCMIX	Columbia Seligman	Pair Corr
0.54	CFRZX	Columbia Floating Rate	Pair Corr
0.54	CFRYX	Columbia Floating Rate	Pair Corr

Related Correlations Analysis

	SRINX	CUSHX	CUSBX	CUTRX	CDAZX	CUURX	CUTYX	CUVRX	CDDYX	CDDRX
SRINX		-0.62	-0.68	0.95	-0.67	-0.47	0.96	0.84	-0.44	-0.44	SRINX
CUSHX	-0.62		0.9	-0.79	0.89	0.79	-0.79	-0.71	0.83	0.83	CUSHX
CUSBX	-0.68	0.9		-0.82	0.89	0.75	-0.82	-0.8	0.76	0.75	CUSBX
CUTRX	0.95	-0.79	-0.82		-0.82	-0.65	1.0	0.86	-0.65	-0.65	CUTRX
CDAZX	-0.67	0.89	0.89	-0.82		0.93	-0.82	-0.85	0.87	0.87	CDAZX
CUURX	-0.47	0.79	0.75	-0.65	0.93		-0.64	-0.7	0.94	0.94	CUURX
CUTYX	0.96	-0.79	-0.82	1.0	-0.82	-0.64		0.86	-0.64	-0.64	CUTYX
CUVRX	0.84	-0.71	-0.8	0.86	-0.85	-0.7	0.86		-0.62	-0.62	CUVRX
CDDYX	-0.44	0.83	0.76	-0.65	0.87	0.94	-0.64	-0.62		1.0	CDDYX
CDDRX	-0.44	0.83	0.75	-0.65	0.87	0.94	-0.64	-0.62	1.0		CDDRX
	SRINX	CUSHX	CUSBX	CUTRX	CDAZX	CUURX	CUTYX	CUVRX	CDDYX	CDDRX

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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

CUTYX	+ 1.0	CUTRX
CDDRX	+ 1.0	CDDYX
CUTYX	+ 0.96	SRINX
CUTRX	+ 0.95	SRINX
CDDYX	+ 0.94	CUURX
CDDRX	+ 0.94	CUURX

High negative correlations

CUVRX	- 0.85	CDAZX
CUTYX	- 0.82	CDAZX
CDAZX	- 0.82	CUTRX
CUTYX	- 0.82	CUSBX
CUTRX	- 0.82	CUSBX
CUVRX	- 0.8	CUSBX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Global 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 Global'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
SRINX	0.22	0.00	(0.32)	3.08	0.27	(0.27)	0.44	(0.54)	1.42
CUSHX	0.05	0.01	0.00	1.03	0.00	0.00	0.11	0.00	0.66
CUSBX	0.05	0.02	0.00	(0.54)	0.00	0.00	0.11	0.00	0.66
CUTRX	0.22	(0.02)	0.00	0.29	0.00	0.00	0.50	(0.60)	1.32
CDAZX	0.54	0.08	0.07	0.23	0.30	(0.70)	1.41	(0.96)	4.35
CUURX	0.86	0.01	0.04	0.11	0.77	(1.00)	2.04	(1.42)	6.21
CUTYX	0.22	(0.02)	0.00	0.34	0.00	0.00	0.49	(0.60)	1.30
CUVRX	0.30	(0.06)	0.00	1.51	0.00	0.00	0.59	(0.73)	2.13
CDDYX	0.44	(0.02)	(0.10)	0.08	0.37	(0.54)	0.91	(0.85)	2.91
CDDRX	0.45	(0.02)	(0.10)	0.07	0.38	(0.52)	0.91	(0.83)	2.92

Columbia Global 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 Global mutual fund to make a market-neutral strategy. Peer analysis of Columbia Global could also be used in its relative valuation, which is a method of valuing Columbia Global by comparing valuation metrics with similar companies.

Columbia Porate Income Columbia Ultra Short Columbia Ultra Short Columbia Treasury Index Multi Manager Directional Alternative Columbia Small Cap Columbia Treasury Index Columbia Government Mortgage Columbia Dividend Income Columbia Dividend Income American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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