Columbia Seligman Correlations

Mutual Funds . USA . 
Fund . Columbia Seligman Munications
SCICX Fund  USD 62.28  0.50  0.81%   
The current 90-days correlation between Columbia Seligman and Transamerica Emerging Markets is 0.4 (i.e., Very weak diversification). The correlation of Columbia Seligman 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 Seligman Correlation With Market

Poor diversification

The correlation between Columbia Seligman Munications and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Seligman Munications and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Columbia Seligman Munications. 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 main economic indicators.

Moving together with Columbia Mutual Fund

  0.84WEBB Web Global HoldingsPairCorr
  0.64WELX Winland HoldingsPairCorr
  0.8WGNR WegenerPairCorr
  0.74CETXP Cemtrex PrefPairCorr
  0.67GVP GSE SystemsPairCorr

Moving against Columbia Mutual Fund

  0.86EVOL Evolving SystemsPairCorr
  0.82DLPX Delphax TechnologiesPairCorr
  0.67DZSI DZS IncPairCorr
  0.67XELAP Exela TechnologiesPairCorr
  0.65VVPR VivoPower International Tech BoostPairCorr
  0.63VHAI VHAIPairCorr
  0.4ELCO Elcom InternationalPairCorr
  0.34VEEA Veea Inc Symbol ChangePairCorr
  0.86ZPTAW Zapata Computing HoldingsPairCorr
  0.84GETR Getaround Financial Report 20th of December 2024 PairCorr
  0.83VLD Velo3D IncPairCorr
  0.66SURGW SurgePays WarrantPairCorr
  0.65SBIGW SpringBig HoldingsPairCorr
  0.64XELA Exela Technologies Tech BoostPairCorr

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   
REMVX
+ 0.99
TEOJX
EPASX
+ 0.98
TEOJX
REMVX
+ 0.98
EPASX
POEIX
+ 0.95
TEOJX
POEIX
+ 0.93
EPASX
POEIX
+ 0.93
REMVX
  
High negative correlations   
APDOX
- 0.49
XWDIX
POEIX
- 0.13
XWDIX

Risk-Adjusted Indicators

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

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