Columbia Emerging Correlations

CEMHX Fund

USD 13.46 0.00 0.00%

The current 90-days correlation between Columbia Emerging Markets and Columbia Porate Income is 0.04 (i.e., Significant diversification). The correlation of Columbia Emerging 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 Emerging Correlation With Market

Average diversification

The correlation between Columbia Emerging Markets and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Emerging Markets 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 Emerging Markets. 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 rate.

Moving together with Columbia Mutual Fund

0.85	CEKYX	Columbia Emerging Markets	Pair Corr
0.85	CEKRX	Columbia Emerging Markets	Pair Corr
0.65	CFCRX	Columbia Flexible Capital	Pair Corr

Moving against Columbia Mutual Fund

0.5	CUTRX	Columbia Treasury Index	Pair Corr
0.49	CUTYX	Columbia Treasury Index	Pair Corr
0.35	SRINX	Columbia Porate Income	Pair Corr
0.34	CUVRX	Columbia Government	Pair Corr
0.49	LIBCX	Columbia Total Return	Pair Corr
0.31	RPCCX	Columbia Capital All	Pair Corr

Related Correlations Analysis

	SRINX	CUSHX	CUSBX	CUTRX	CDAZX	CUURX	CUTYX	CUVRX	CDDYX	CDDRX
SRINX		-0.57	-0.59	0.95	-0.68	-0.5	0.95	0.89	-0.44	-0.44	SRINX
CUSHX	-0.57		0.95	-0.75	0.87	0.74	-0.75	-0.71	0.79	0.78	CUSHX
CUSBX	-0.59	0.95		-0.75	0.85	0.7	-0.75	-0.75	0.75	0.75	CUSBX
CUTRX	0.95	-0.75	-0.75		-0.82	-0.67	1.0	0.92	-0.65	-0.65	CUTRX
CDAZX	-0.68	0.87	0.85	-0.82		0.93	-0.82	-0.84	0.87	0.87	CDAZX
CUURX	-0.5	0.74	0.7	-0.67	0.93		-0.67	-0.69	0.93	0.93	CUURX
CUTYX	0.95	-0.75	-0.75	1.0	-0.82	-0.67		0.92	-0.65	-0.64	CUTYX
CUVRX	0.89	-0.71	-0.75	0.92	-0.84	-0.69	0.92		-0.63	-0.63	CUVRX
CDDYX	-0.44	0.79	0.75	-0.65	0.87	0.93	-0.65	-0.63		1.0	CDDYX
CDDRX	-0.44	0.78	0.75	-0.65	0.87	0.93	-0.64	-0.63	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
CUTRX	+ 0.95	SRINX
CUTYX	+ 0.95	SRINX
CUSBX	+ 0.95	CUSHX
CUURX	+ 0.93	CDAZX

High negative correlations

CUVRX	- 0.84	CDAZX
CUTYX	- 0.82	CDAZX
CDAZX	- 0.82	CUTRX
CUVRX	- 0.75	CUSBX
CUTYX	- 0.75	CUSBX
CUTRX	- 0.75	CUSBX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Emerging 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 Emerging'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	(0.01)	(0.40)	2.23	0.27	(0.27)	0.44	(0.54)	1.42
CUSHX	0.05	0.01	0.00	(1.34)	0.00	0.00	0.11	0.00	0.66
CUSBX	0.05	0.02	0.00	(0.53)	0.00	0.00	0.11	0.00	0.66
CUTRX	0.22	(0.01)	0.00	0.27	0.00	0.00	0.50	(0.60)	1.32
CDAZX	0.52	0.08	0.04	0.26	0.23	(0.67)	1.41	(0.81)	4.35
CUURX	0.87	0.00	0.04	0.13	0.77	(1.00)	2.04	(1.42)	6.21
CUTYX	0.22	(0.01)	0.00	0.31	0.00	0.00	0.49	(0.60)	1.30
CUVRX	0.30	(0.06)	0.00	2.29	0.00	0.00	0.59	(0.73)	2.13
CDDYX	0.45	(0.01)	(0.09)	0.12	0.33	(0.54)	0.92	(0.85)	2.91
CDDRX	0.46	(0.01)	(0.09)	0.11	0.33	(0.53)	0.95	(0.83)	2.92

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