Columbia Select Correlations

CSPIX Fund

USD 16.32 0.08 0.49%

The current 90-days correlation between Columbia Select Large and Touchstone Small Cap is 0.11 (i.e., Average 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

Average diversification

The correlation between Columbia Select Large and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Select Large and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Columbia Select Large. 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

0.64	CDAZX	Multi Manager Direct	Pair Corr
0.8	CUURX	Columbia Small Cap	Pair Corr
0.78	CDDYX	Columbia Dividend Income	Pair Corr
0.78	CDDRX	Columbia Dividend Income	Pair Corr
0.78	CDEYX	Columbia Diversified	Pair Corr
0.78	CDIRX	Columbia Dividend Income	Pair Corr
0.85	AMTCX	Columbia Capital All	Pair Corr
0.71	CDOZX	Columbia Dividend	Pair Corr
0.71	CDOYX	Columbia Dividend	Pair Corr
0.71	CVERX	Columbia Mid Cap	Pair Corr
0.78	CDVZX	Columbia Diversified	Pair Corr
0.61	CVQZX	Columbia Disciplined	Pair Corr
0.73	CECYX	Columbia Large Cap	Pair Corr
0.75	CEPRX	Columbia Income Oppo	Pair Corr
0.84	CEVYX	Columbia Global Equity	Pair Corr
0.84	CEVZX	Columbia Global Equity	Pair Corr
0.72	GEGTX	Columbia Large Cap	Pair Corr
0.8	CFCYX	Columbia Flexible Capital	Pair Corr
0.66	CFCIX	Columbia Large Cap Potential Growth	Pair Corr

Moving against Columbia Mutual Fund

0.38	CUVRX	Columbia Government	Pair Corr
0.74	CGOLX	Columbia Global Dividend	Pair Corr

Related Correlations Analysis

	TVOYX	PEVAX	QUAIX	UMBHX	MAVKX	CCMSX
TVOYX		0.98	0.93	0.98	0.96	0.3	TVOYX
PEVAX	0.98		0.95	0.97	0.93	0.33	PEVAX
QUAIX	0.93	0.95		0.94	0.95	0.33	QUAIX
UMBHX	0.98	0.97	0.94		0.94	0.24	UMBHX
MAVKX	0.96	0.93	0.95	0.94		0.27	MAVKX
CCMSX	0.3	0.33	0.33	0.24	0.27		CCMSX
	TVOYX	PEVAX	QUAIX	UMBHX	MAVKX	CCMSX

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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
TVOYX	0.75	0.00	0.05	0.12	0.49	(0.95)	1.70	(1.05)	6.73
PEVAX	0.73	0.02	0.07	0.13	0.46	(0.92)	1.78	(1.13)	5.73
QUAIX	0.90	0.20	0.11	0.69	0.83	(0.99)	1.92	(1.95)	6.76
UMBHX	0.98	0.05	0.10	0.14	0.81	(1.14)	2.22	(1.46)	7.68
MAVKX	0.81	0.15	0.08	0.80	0.57	(0.99)	1.97	(1.13)	7.83
CCMSX	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.14

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