Columbia Global Correlations

CSVFX Fund

USD 18.50 0.05 0.27%

The current 90-days correlation between Columbia Global Dividend and Columbia Porate Income is 0.36 (i.e., Weak 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

Very weak diversification

The correlation between Columbia Global Dividend and DJI is 0.48 (i.e., Very weak 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, which includes a position in Columbia Global Dividend. 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 census.

Moving together with Columbia Mutual Fund

0.63	SRINX	Columbia Porate Income	Pair Corr
0.76	CUTRX	Columbia Treasury Index	Pair Corr
0.77	CUTYX	Columbia Treasury Index	Pair Corr
0.77	CUVRX	Columbia Government	Pair Corr
0.65	CEBYX	Columbia Emerging Markets	Pair Corr
0.64	CEBRX	Columbia Emerging Markets	Pair Corr
0.61	CEKYX	Columbia Emerging Markets	Pair Corr
0.61	CEKRX	Columbia Emerging Markets	Pair Corr
0.63	RPCCX	Columbia Capital All	Pair Corr

Moving against Columbia Mutual Fund

0.74	CUSBX	Columbia Ultra Short	Pair Corr
0.71	CDORX	Columbia Dividend	Pair Corr
0.71	CECFX	Columbia Large Cap	Pair Corr
0.7	CEARX	Columbia Acorn	Pair Corr
0.67	CUSHX	Columbia Ultra Short	Pair Corr
0.62	CVIRX	Columbia Dividend Income	Pair Corr
0.6	CVVRX	Columbia Small Cap	Pair Corr
0.5	CDAZX	Multi Manager Direct	Pair Corr
0.49	CUURX	Columbia Small Cap	Pair Corr
0.78	CFRZX	Columbia Floating Rate	Pair Corr
0.78	CFRYX	Columbia Floating Rate	Pair Corr
0.74	CFLRX	Columbia Floating Rate	Pair Corr
0.71	CFCRX	Columbia Flexible Capital	Pair Corr
0.71	CLM	Cornerstone Strategic	Pair Corr
0.69	SCIOX	Columbia Seligman	Pair Corr
0.68	CGQFX	Columbia Disciplined	Pair Corr
0.66	GEGTX	Columbia Large Cap	Pair Corr
0.59	CFDRX	Columbia Mid Cap	Pair Corr
0.59	CGTUX	Columbia Global Tech	Pair Corr

Related Correlations Analysis

	SRINX	CUSBX	CUTRX	CDAZX	CUURX	CUTYX	CDDYX	CDDRX	CDEYX	CDIRX
SRINX		-0.57	0.93	-0.35	-0.16	0.93	-0.02	-0.02	-0.03	-0.01	SRINX
CUSBX	-0.57		-0.8	0.8	0.71	-0.8	0.29	0.29	0.29	0.27	CUSBX
CUTRX	0.93	-0.8		-0.59	-0.44	1.0	-0.11	-0.11	-0.11	-0.1	CUTRX
CDAZX	-0.35	0.8	-0.59		0.89	-0.58	0.61	0.6	0.61	0.59	CDAZX
CUURX	-0.16	0.71	-0.44	0.89		-0.43	0.64	0.64	0.61	0.63	CUURX
CUTYX	0.93	-0.8	1.0	-0.58	-0.43		-0.1	-0.1	-0.11	-0.09	CUTYX
CDDYX	-0.02	0.29	-0.11	0.61	0.64	-0.1		1.0	0.98	1.0	CDDYX
CDDRX	-0.02	0.29	-0.11	0.6	0.64	-0.1	1.0		0.98	1.0	CDDRX
CDEYX	-0.03	0.29	-0.11	0.61	0.61	-0.11	0.98	0.98		0.98	CDEYX
CDIRX	-0.01	0.27	-0.1	0.59	0.63	-0.09	1.0	1.0	0.98		CDIRX
	SRINX	CUSBX	CUTRX	CDAZX	CUURX	CUTYX	CDDYX	CDDRX	CDEYX	CDIRX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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
CDIRX	+ 1.0	CDDYX
CDIRX	+ 1.0	CDDRX
CDEYX	+ 0.98	CDDYX
CDEYX	+ 0.98	CDDRX

High negative correlations

CUTYX	- 0.8	CUSBX
CUTRX	- 0.8	CUSBX
CDAZX	- 0.59	CUTRX
CUTYX	- 0.58	CDAZX
CUSBX	- 0.57	SRINX
CUURX	- 0.44	CUTRX

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	0.23	(0.05)	0.00	(1.05)	0.00	0.00	0.44	(0.55)	1.43
CUSBX	0.03	0.00	0.00	2.12	0.00	0.00	0.11	0.00	0.54
CUTRX	0.22	(0.07)	0.00	28.14	0.00	0.00	0.30	(0.61)	1.32
CDAZX	0.72	(0.04)	0.00	(0.04)	0.00	0.00	1.41	(1.58)	12.80
CUURX	0.86	(0.03)	(0.02)	0.00	1.12	(0.95)	2.03	(1.42)	7.01
CUTYX	0.23	(0.07)	0.00	(9.64)	0.00	0.00	0.40	(0.61)	1.21
CDDYX	0.49	(0.10)	0.00	(0.11)	0.00	0.00	0.90	(0.85)	6.96
CDDRX	0.49	(0.10)	0.00	(0.11)	0.00	0.00	0.90	(0.83)	6.95
CDEYX	0.59	(0.13)	0.00	(0.13)	0.00	0.00	1.02	(0.78)	10.34
CDIRX	0.49	(0.10)	0.00	(0.11)	0.00	0.00	0.90	(0.84)	6.91

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC