Columbia Correlations

XCEM Etf

USD 31.23 0.17 0.55%

The current 90-days correlation between Columbia EM Core and SCOR PK is 0.27 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Columbia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbia EM Core moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Columbia Correlation With Market

Very weak diversification

The correlation between Columbia EM Core and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia EM Core and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Columbia EM Core. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Columbia Etf

0.69	EMC	Global X Funds	Pair Corr
0.92	DGS	WisdomTree Emerging	Pair Corr
0.99	EMXC	iShares MSCI Emerging	Pair Corr
0.66	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.76	ULE	ProShares Ultra Euro	Pair Corr
0.76	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.67	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.61	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.74	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr

Moving against Columbia Etf

0.57	TSJA	TSJA	Pair Corr
0.56	DSJA	DSJA	Pair Corr
0.43	SIXD	AIM ETF Products	Pair Corr
0.69	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.65	DIS	Walt Disney Aggressive Push	Pair Corr
0.61	WMT	Walmart Aggressive Push	Pair Corr
0.6	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.55	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.47	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.35	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Related Correlations Analysis

	SCRYY	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	ID	VIASP	AAEVX	RRTLX
SCRYY		-0.59	0.0	-0.09	0.35	0.27	0.74	0.7	0.64	0.43	SCRYY
444859BR2	-0.59		0.0	0.3	-0.5	-0.06	-0.55	-0.45	-0.65	-0.42	444859BR2
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.09	0.3	0.0		-0.44	-0.34	-0.06	0.12	-0.26	-0.4	BRRAY
MSTSX	0.35	-0.5	0.0	-0.44		0.27	0.42	-0.02	0.81	0.86	MSTSX
ABHYX	0.27	-0.06	0.0	-0.34	0.27		0.11	-0.08	0.12	0.44	ABHYX
ID	0.74	-0.55	0.0	-0.06	0.42	0.11		0.74	0.79	0.57	ID
VIASP	0.7	-0.45	0.0	0.12	-0.02	-0.08	0.74		0.5	0.16	VIASP
AAEVX	0.64	-0.65	0.0	-0.26	0.81	0.12	0.79	0.5		0.84	AAEVX
RRTLX	0.43	-0.42	0.0	-0.4	0.86	0.44	0.57	0.16	0.84		RRTLX
	SCRYY	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	ID	VIASP	AAEVX	RRTLX

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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

RRTLX	+ 0.86	MSTSX
RRTLX	+ 0.84	AAEVX
AAEVX	+ 0.81	MSTSX
AAEVX	+ 0.79	ID
ID	+ 0.74	SCRYY
VIASP	+ 0.74	ID

High negative correlations

AAEVX	- 0.65	444859BR2
444859BR2	- 0.59	SCRYY
ID	- 0.55	444859BR2
MSTSX	- 0.5	444859BR2
VIASP	- 0.45	444859BR2
MSTSX	- 0.44	BRRAY

Columbia Constituents Risk-Adjusted Indicators

There is a big difference between Columbia Etf performing well and Columbia ETF 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'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
SCRYY	2.06	0.26	0.07	1.64	2.00	(2.90)	5.61	(4.09)	12.99
444859BR2	1.36	(0.01)	0.00	0.16	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.11)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.03)	(0.13)	0.07	0.50	(0.61)	1.21	(1.02)	2.80
ABHYX	0.18	0.03	(0.23)	(0.15)	0.24	(0.24)	0.34	(0.33)	1.91
ID	3.84	0.90	0.16	1.45	3.99	(5.08)	7.89	(6.67)	20.54
VIASP	0.75	0.08	(0.04)	(1.44)	1.13	(0.82)	2.28	(1.20)	7.18
AAEVX	0.49	(0.01)	(0.08)	0.11	0.52	(0.59)	0.93	(0.77)	2.76
RRTLX	0.23	(0.02)	(0.30)	0.07	0.23	(0.25)	0.48	(0.56)	1.36

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