Columbia Overseas Correlations

COSSX Fund

USD 11.04 0.02 0.18%

The current 90-days correlation between Columbia Overseas Value and Locorr Longshort Modities is -0.03 (i.e., Good diversification). The correlation of Columbia Overseas 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 Overseas Correlation With Market

Very weak diversification

The correlation between Columbia Overseas Value 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 Overseas Value 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 Overseas Value. 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 state.

Moving together with Columbia Mutual Fund

0.74	SRINX	Columbia Porate Income	Pair Corr
0.69	CUTRX	Columbia Treasury Index	Pair Corr
0.69	CUTYX	Columbia Treasury Index	Pair Corr
0.73	CUVRX	Columbia Government	Pair Corr
0.63	CDLRX	Columbia Limited Duration	Pair Corr
0.72	CEBYX	Columbia Emerging Markets	Pair Corr
0.66	CEBSX	Columbia Emerging Markets	Pair Corr
0.71	CEBRX	Columbia Emerging Markets	Pair Corr
0.8	RPCCX	Columbia Capital All	Pair Corr

Moving against Columbia Mutual Fund

0.63	CDAZX	Multi Manager Direct	Pair Corr
0.62	CUSHX	Columbia Ultra Short	Pair Corr
0.62	CUSBX	Columbia Ultra Short	Pair Corr
0.48	CDEYX	Columbia Diversified	Pair Corr
0.41	CUURX	Columbia Small Cap	Pair Corr
0.4	CDORX	Columbia Dividend	Pair Corr
0.35	CDOZX	Columbia Dividend	Pair Corr
0.35	CDOYX	Columbia Dividend	Pair Corr
0.31	CDDYX	Columbia Dividend Income	Pair Corr
0.31	CDDRX	Columbia Dividend Income	Pair Corr
0.51	CECFX	Columbia Large Cap	Pair Corr
0.48	CVQZX	Columbia Disciplined	Pair Corr
0.48	SSVIX	Columbia Select Smaller	Pair Corr
0.46	CECYX	Columbia Large Cap	Pair Corr
0.45	CVVRX	Columbia Small Cap	Pair Corr
0.42	CDVZX	Columbia Diversified	Pair Corr
0.4	CEARX	Columbia Acorn Steady Growth	Pair Corr
0.36	CVIRX	Columbia Dividend Income	Pair Corr
0.73	CLM	Cornerstone Strategic	Pair Corr
0.7	CFLRX	Columbia Floating Rate	Pair Corr
0.7	CFRZX	Columbia Floating Rate	Pair Corr
0.69	CFRYX	Columbia Floating Rate	Pair Corr
0.46	SCIOX	Columbia Seligman	Pair Corr
0.43	GEGTX	Columbia Large Cap	Pair Corr

Related Correlations Analysis

	LCSAX	BSGAX	GTLSX	RSDIX	TSDCX	OWSBX
LCSAX		-0.02	-0.68	0.21	-0.81	0.51	LCSAX
BSGAX	-0.02		0.05	0.88	0.48	0.74	BSGAX
GTLSX	-0.68	0.05		-0.13	0.7	-0.38	GTLSX
RSDIX	0.21	0.88	-0.13		0.29	0.81	RSDIX
TSDCX	-0.81	0.48	0.7	0.29		-0.1	TSDCX
OWSBX	0.51	0.74	-0.38	0.81	-0.1		OWSBX
	LCSAX	BSGAX	GTLSX	RSDIX	TSDCX	OWSBX

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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

RSDIX	+ 0.88	BSGAX
OWSBX	+ 0.81	RSDIX
OWSBX	+ 0.74	BSGAX
TSDCX	+ 0.7	GTLSX
OWSBX	+ 0.51	LCSAX
TSDCX	+ 0.48	BSGAX

High negative correlations

TSDCX	- 0.81	LCSAX
GTLSX	- 0.68	LCSAX
OWSBX	- 0.38	GTLSX
RSDIX	- 0.13	GTLSX
OWSBX	- 0.1	TSDCX
BSGAX	- 0.02	LCSAX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Overseas 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 Overseas' 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
LCSAX	0.25	(0.07)	0.00	(3.29)	0.00	0.00	0.33	(0.54)	1.69
BSGAX	0.09	0.00	(0.76)	(0.12)	0.00	(0.16)	0.24	(0.12)	0.72
GTLSX	0.31	0.01	(0.17)	0.15	0.22	(0.36)	0.71	(0.50)	2.57
RSDIX	0.08	0.00	(0.88)	(2.05)	0.03	(0.16)	0.21	(0.10)	0.72
TSDCX	0.06	0.01	(0.96)	(0.60)	0.00	(0.16)	0.11	(0.11)	0.55
OWSBX	0.08	0.00	(0.96)	0.21	0.05	(0.12)	0.20	(0.10)	0.49

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