Columbia Global Correlations
| CONIX Fund | USD 10.88 0.09 0.82% |
The current 90-days correlation between Columbia Global Tech and Franklin Small Cap is 0.9 (i.e., Almost no diversification). 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 weak diversification
The correlation between Columbia Global Technology and DJI is 0.44 (i.e., Very weak 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.
Columbia |
Moving together with Columbia Mutual Fund
| 0.75 | LZCOX | Lazard Small Mid | PairCorr |
| 0.65 | LZFOX | Lazard Equity Franchise | PairCorr |
| 0.65 | LZFIX | Lazard Equity Franchise | PairCorr |
| 0.77 | GESIX | Lazard Global Equity | PairCorr |
| 0.77 | GESOX | Lazard Global Equity | PairCorr |
| 0.77 | LZSCX | Lazard Small Mid | PairCorr |
| 0.83 | LZUOX | Lazard Strategic Equity | PairCorr |
| 0.83 | LZUSX | Lazard Strategic Equity | PairCorr |
| 0.68 | LISIX | Lazard International | PairCorr |
| 0.68 | LISOX | Lazard International | PairCorr |
| 0.91 | SUSTX | Lazard Sustainable Equity | PairCorr |
| 0.91 | SUSLX | Lazard Sustainable Equity | PairCorr |
| 0.9 | RUSRX | Lazard Systematic Small | PairCorr |
| 1.0 | CONOX | Lazard Funds | PairCorr |
Related Correlations Analysis
| 0.7 | 0.77 | 0.32 | 0.39 | 0.95 | FCSGX | ||
| 0.7 | 0.87 | 0.59 | 0.12 | 0.74 | CIPNX | ||
| 0.77 | 0.87 | 0.38 | 0.17 | 0.87 | RYSVX | ||
| 0.32 | 0.59 | 0.38 | 0.4 | 0.3 | DFUKX | ||
| 0.39 | 0.12 | 0.17 | 0.4 | 0.35 | MSSGX | ||
| 0.95 | 0.74 | 0.87 | 0.3 | 0.35 | QUAZX | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FCSGX | 0.89 | (0.08) | 0.00 | (0.09) | 0.00 | 1.70 | 5.89 | |||
| CIPNX | 0.84 | (0.12) | 0.00 | (0.17) | 0.00 | 1.53 | 12.50 | |||
| RYSVX | 0.86 | (0.10) | 0.00 | (0.12) | 0.00 | 1.64 | 6.24 | |||
| DFUKX | 0.72 | 0.01 | 0.00 | (0.04) | 1.04 | 1.45 | 4.69 | |||
| MSSGX | 1.63 | 0.11 | 0.06 | 0.12 | 1.87 | 3.70 | 10.79 | |||
| QUAZX | 1.05 | (0.11) | 0.00 | (0.11) | 0.00 | 1.93 | 6.37 |