Columbia Select Correlations
The correlation of Columbia Select 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 |
Moving together with Columbia Mutual Fund
| 0.64 | SRINX | Columbia Porate Income | PairCorr |
| 0.85 | CUSBX | Columbia Ultra Short | PairCorr |
| 0.83 | CDAZX | Multi Manager Direct | PairCorr |
| 0.99 | CUURX | Columbia Small Cap | PairCorr |
| 0.94 | CDDYX | Columbia Dividend Income | PairCorr |
| 0.96 | CDDRX | Columbia Dividend Income | PairCorr |
| 0.84 | CDEYX | Columbia Diversified | PairCorr |
| 0.67 | CDIRX | Columbia Dividend Income | PairCorr |
| 0.79 | AMTCX | Columbia Capital All | PairCorr |
| 0.8 | CDOYX | Columbia Dividend | PairCorr |
| 0.99 | CVERX | Columbia Mid Cap | PairCorr |
| 0.95 | CDVZX | Columbia Diversified | PairCorr |
| 0.7 | CEBYX | Columbia Emerging Markets | PairCorr |
| 0.81 | CEBRX | Columbia Emerging Markets | PairCorr |
| 0.9 | SSVIX | Columbia Select Smaller | PairCorr |
| 0.81 | CEKRX | Columbia Emerging Markets | PairCorr |
| 0.71 | CEPRX | Columbia Income Oppo | PairCorr |
| 0.64 | CEVYX | Columbia Global Equity | PairCorr |
| 0.64 | CEVZX | Columbia Global Equity | PairCorr |
| 0.95 | CFCYX | Columbia Flexible Capital | PairCorr |
| 0.64 | CLM | Cornerstone Strategic | PairCorr |
| 0.7 | CFIZX | Columbia Flexible Capital | PairCorr |
| 0.79 | SCIRX | Columbia Seligman | PairCorr |
| 0.79 | SCMIX | Columbia Seligman | PairCorr |
| 0.73 | APECX | Columbia High Yield | PairCorr |
| 0.82 | CGEZX | Columbia Select Global | PairCorr |
| 0.83 | CGFYX | Columbia Large Cap | PairCorr |
| 0.98 | CXXRX | Columbia Small Cap | PairCorr |
| 0.75 | CGOCX | Columbia Small Cap | PairCorr |
| 0.69 | CGQYX | Columbia Disciplined | PairCorr |
| 0.69 | CGWRX | Columbia Large Cap | PairCorr |
| 0.99 | NAMAX | Columbia Mid Cap | PairCorr |
Related Correlations Analysis
| 0.78 | 0.78 | 0.4 | 0.37 | QLENX | ||
| 0.78 | 0.95 | 0.77 | 0.66 | EMSLX | ||
| 0.78 | 0.95 | 0.81 | 0.62 | PYEIX | ||
| 0.4 | 0.77 | 0.81 | 0.85 | PIEFX | ||
| 0.37 | 0.66 | 0.62 | 0.85 | BOGSX | ||
Risk-Adjusted Indicators
There is a big difference between Columbia Mutual Fund performing well and Columbia Select 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 Select'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| QLENX | 0.36 | 0.06 | 0.06 | 0.30 | 0.24 | 0.85 | 2.30 | |||
| EMSLX | 0.99 | 0.39 | 0.36 | 0.80 | 0.42 | 2.05 | 19.48 | |||
| PYEIX | 0.13 | 0.03 | (0.08) | 0.30 | 0.00 | 0.28 | 1.08 | |||
| PIEFX | 0.81 | 0.09 | 0.07 | 0.18 | 0.81 | 1.67 | 5.25 | |||
| BOGSX | 1.12 | (0.11) | 0.00 | (0.04) | 0.00 | 2.17 | 5.97 |