Columbia Global Correlations

CONIX Fund

USD 12.71 0.07 0.55%

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 poor diversification

The correlation between Columbia Global Technology and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Global Technology 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 Technology. 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 gross domestic product.

Moving together with Columbia Mutual Fund

0.63	OCMPX	Lazard International	Pair Corr
0.73	LZCOX	Lazard Small Mid	Pair Corr
0.83	LZFOX	Lazard Equity Franchise	Pair Corr
0.91	LZEMX	Lazard Emerging Markets	Pair Corr
0.72	LZESX	Lazard International	Pair Corr
0.84	LZFIX	Lazard Equity Franchise	Pair Corr
0.81	LZHYX	Lazard Corporate Income	Pair Corr
0.94	LZIEX	Lazard International	Pair Corr
0.63	LZIOX	Lazard International	Pair Corr
0.69	LZHOX	Lazard Corporate Income	Pair Corr
0.96	LZISX	Lazard International	Pair Corr
0.68	LZOEX	Lazard Emerging Markets	Pair Corr
0.96	LZSIX	Lazard International	Pair Corr
0.75	LZSMX	Lazard International	Pair Corr
0.92	LZSCX	Lazard Small Mid	Pair Corr
0.76	LZUOX	Lazard Strategic Equity	Pair Corr
0.93	LZUSX	Lazard Strategic Equity	Pair Corr
0.95	LISIX	Lazard International	Pair Corr
0.73	LISOX	Lazard International	Pair Corr
0.8	UMNIX	Lazard Short Duration	Pair Corr
0.8	UMNOX	Lazard Short Duration	Pair Corr
0.87	RALIX	Lazard Real Assets	Pair Corr
0.87	RALOX	Lazard Real Assets	Pair Corr
0.87	RALYX	Lazard Real Assets	Pair Corr
0.92	RCMPX	Lazard International	Pair Corr
0.69	ECEIX	Lazard Emerging Markets	Pair Corr
0.95	READX	Lazard Emerging Markets	Pair Corr
0.92	ICMPX	Lazard International	Pair Corr
0.93	IEAIX	Lazard International	Pair Corr
0.96	CONOX	Lazard Funds	Pair Corr
0.95	LCAIX	Lazard Capital Allocator	Pair Corr
0.82	LCAOX	Lazard Capital Allocator	Pair Corr
0.94	LDMIX	Lazard Developing Markets	Pair Corr
0.75	LDMOX	Lazard Developing Markets	Pair Corr
0.8	RLCIX	Lazard Corporate Income	Pair Corr

Related Correlations Analysis

	AUNCX	MFTFX	AUNTX	GPMFX	ANBIX	QCILIX	WAFAX	LIFAX
AUNCX		0.85	0.99	0.84	0.82	0.73	0.3	0.76	AUNCX
MFTFX	0.85		0.89	0.99	0.78	0.7	0.11	0.83	MFTFX
AUNTX	0.99	0.89		0.88	0.83	0.73	0.25	0.8	AUNTX
GPMFX	0.84	0.99	0.88		0.76	0.68	0.1	0.83	GPMFX
ANBIX	0.82	0.78	0.83	0.76		0.88	0.48	0.76	ANBIX
QCILIX	0.73	0.7	0.73	0.68	0.88		0.69	0.75	QCILIX
WAFAX	0.3	0.11	0.25	0.1	0.48	0.69		0.23	WAFAX
LIFAX	0.76	0.83	0.8	0.83	0.76	0.75	0.23		LIFAX
	AUNCX	MFTFX	AUNTX	GPMFX	ANBIX	QCILIX	WAFAX	LIFAX

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
AUNCX	0.08	0.01	(0.64)	0.38	0.00	(0.12)	0.18	(0.09)	0.37
MFTFX	1.08	0.30	0.15	4.57	1.15	(1.17)	2.06	(2.15)	6.76
AUNTX	0.08	0.01	(0.55)	0.74	0.00	(0.12)	0.19	(0.09)	0.55
GPMFX	0.69	0.16	0.08	(4.92)	0.73	(0.75)	1.30	(1.53)	4.28
ANBIX	0.08	0.00	(0.70)	0.21	0.00	(0.11)	0.19	(0.10)	0.38
QCILIX	0.09	0.00	(0.61)	0.04	0.01	(0.10)	0.21	(0.16)	0.46
WAFAX	0.14	(0.01)	(0.41)	(0.04)	0.13	(0.18)	0.32	(0.32)	0.74
LIFAX	0.08	0.00	(0.75)	(0.03)	0.00	(0.11)	0.17	(0.17)	0.51

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Columbia Global Correlations

Columbia Global Correlation With Market

Very poor diversification

Moving together with Columbia Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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