Columbia Emerging Correlations

CMBRX Fund

USD 9.53 0.02 0.21%

The current 90-days correlation between Columbia Emerging Markets and Transamerica International Equity is 0.45 (i.e., Very weak 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 metropolitan statistical area.

Moving together with Columbia Mutual Fund

0.9	SRINX	Columbia Porate Income	Pair Corr
0.82	CUTRX	Columbia Treasury Index	Pair Corr
0.76	CUURX	Columbia Small Cap	Pair Corr
0.82	CUTYX	Columbia Treasury Index	Pair Corr
0.63	CDIRX	Columbia Dividend Income	Pair Corr
0.82	AMTCX	Columbia Capital All	Pair Corr
0.91	CEBYX	Columbia Emerging Markets	Pair Corr
0.99	CEBRX	Columbia Emerging Markets	Pair Corr
0.7	CEPRX	Columbia Income Oppo	Pair Corr
0.69	CEVYX	Columbia Global Equity	Pair Corr
0.7	CEVZX	Columbia Global Equity	Pair Corr
0.93	RPCCX	Columbia Capital All	Pair Corr
0.67	GEGTX	Columbia Large Cap	Pair Corr
0.74	CFCYX	Columbia Flexible Capital	Pair Corr
0.74	CFIZX	Columbia Flexible Capital	Pair Corr
0.83	LIBCX	Columbia Total Return	Pair Corr
0.74	CFXRX	Columbia Flexible Capital	Pair Corr
0.72	APECX	Columbia High Yield	Pair Corr
0.69	CGEZX	Columbia Select Global	Pair Corr

Related Correlations Analysis

	TRWIX	SNPTX	ARTNX	QLENX	DFVEX	SWSFX	XJCEX
TRWIX		0.49	0.6	-0.07	0.38	-0.14	0.34	TRWIX
SNPTX	0.49		0.85	0.59	0.87	0.31	0.86	SNPTX
ARTNX	0.6	0.85		0.33	0.9	-0.01	0.71	ARTNX
QLENX	-0.07	0.59	0.33		0.28	0.82	0.52	QLENX
DFVEX	0.38	0.87	0.9	0.28		-0.06	0.77	DFVEX
SWSFX	-0.14	0.31	-0.01	0.82	-0.06		0.24	SWSFX
XJCEX	0.34	0.86	0.71	0.52	0.77	0.24		XJCEX
	TRWIX	SNPTX	ARTNX	QLENX	DFVEX	SWSFX	XJCEX

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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

DFVEX	+ 0.9	ARTNX
DFVEX	+ 0.87	SNPTX
XJCEX	+ 0.86	SNPTX
ARTNX	+ 0.85	SNPTX
SWSFX	+ 0.82	QLENX
XJCEX	+ 0.77	DFVEX

High negative correlations

SWSFX	- 0.14	TRWIX
QLENX	- 0.07	TRWIX
SWSFX	- 0.06	DFVEX
SWSFX	- 0.01	ARTNX

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
TRWIX	0.65	(0.02)	(0.07)	0.05	0.93	(0.65)	1.59	(1.53)	5.26
SNPTX	0.49	0.03	(0.04)	0.18	0.70	(0.50)	1.01	(1.19)	4.79
ARTNX	0.56	0.07	0.02	0.29	0.63	(0.68)	1.22	(0.99)	5.16
QLENX	0.41	0.13	0.12	1.00	0.03	(0.51)	0.83	(0.63)	2.89
DFVEX	0.61	0.02	(0.03)	0.14	0.76	(0.68)	1.07	(1.06)	7.28
SWSFX	0.03	0.00	0.00	0.12	0.00	0.00	0.10	(0.10)	0.59
XJCEX	0.62	0.06	(0.03)	15.53	0.89	(0.58)	1.25	(1.58)	5.31

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