Columbia Select Correlations

CSVZX Fund

USD 44.40 0.24 0.54%

The current 90-days correlation between Columbia Select Large and Cornerstone Moderately Aggressive is 0.53 (i.e., Very weak diversification). 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 Select Correlation With Market

Almost no diversification

The correlation between Columbia Select Large Cap and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Select Large Cap 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 Select Large Cap. 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 nation.

Moving together with Columbia Mutual Fund

0.66	SRINX	Columbia Porate Income	Pair Corr
0.92	CUSBX	Columbia Ultra Short	Pair Corr
0.81	CDAZX	Multi Manager Direct	Pair Corr
0.98	CUURX	Columbia Small Cap	Pair Corr
0.92	CDDYX	Columbia Dividend Income	Pair Corr
0.98	CDDRX	Columbia Dividend Income	Pair Corr
0.93	CDEYX	Columbia Diversified	Pair Corr
0.98	CDIRX	Columbia Dividend Income	Pair Corr
0.86	AMTCX	Columbia Capital All	Pair Corr
0.9	CDOZX	Columbia Dividend	Pair Corr
0.9	CDOYX	Columbia Dividend	Pair Corr
0.98	CVERX	Columbia Mid Cap	Pair Corr
0.98	CDVZX	Columbia Diversified	Pair Corr
0.99	CVQZX	Columbia Disciplined	Pair Corr
0.92	CEBYX	Columbia Emerging Markets	Pair Corr
0.93	CEBRX	Columbia Emerging Markets	Pair Corr
0.95	CECYX	Columbia Large Cap	Pair Corr
0.97	SSVIX	Columbia Select Smaller	Pair Corr
0.81	CEKYX	Columbia Emerging Markets	Pair Corr
0.81	CEKRX	Columbia Emerging Markets	Pair Corr
0.89	CEPRX	Columbia Income Oppo	Pair Corr
0.94	CEVYX	Columbia Global Equity	Pair Corr
0.94	CEVZX	Columbia Global Equity	Pair Corr
0.84	RPCCX	Columbia Capital All	Pair Corr
0.94	CFCYX	Columbia Flexible Capital	Pair Corr
0.86	CLM	Cornerstone Strategic Sell-off Trend	Pair Corr
0.94	CFIZX	Columbia Flexible Capital	Pair Corr
0.94	SCIRX	Columbia Seligman	Pair Corr
0.92	SCMIX	Columbia Seligman	Pair Corr
0.94	CFXRX	Columbia Flexible Capital	Pair Corr
0.88	APECX	Columbia High Yield	Pair Corr
0.81	CGEZX	Columbia Select Global	Pair Corr
0.82	CGFYX	Columbia Large Cap	Pair Corr

Related Correlations Analysis

	AIVFX	FIDLX	FSSMX	PARMX	YAFIX	YAFFX	PEOPX	CHTTX	JCSCX	USCRX
AIVFX		-0.54	0.9	0.93	0.98	0.98	0.77	0.94	0.84	0.91	AIVFX
FIDLX	-0.54		-0.38	-0.33	-0.55	-0.55	-0.22	-0.42	-0.32	-0.42	FIDLX
FSSMX	0.9	-0.38		0.92	0.9	0.9	0.82	0.85	0.97	0.95	FSSMX
PARMX	0.93	-0.33	0.92		0.93	0.93	0.84	0.94	0.86	0.92	PARMX
YAFIX	0.98	-0.55	0.9	0.93		1.0	0.74	0.95	0.86	0.91	YAFIX
YAFFX	0.98	-0.55	0.9	0.93	1.0		0.74	0.95	0.86	0.91	YAFFX
PEOPX	0.77	-0.22	0.82	0.84	0.74	0.74		0.74	0.75	0.91	PEOPX
CHTTX	0.94	-0.42	0.85	0.94	0.95	0.95	0.74		0.81	0.85	CHTTX
JCSCX	0.84	-0.32	0.97	0.86	0.86	0.86	0.75	0.81		0.92	JCSCX
USCRX	0.91	-0.42	0.95	0.92	0.91	0.91	0.91	0.85	0.92		USCRX
	AIVFX	FIDLX	FSSMX	PARMX	YAFIX	YAFFX	PEOPX	CHTTX	JCSCX	USCRX

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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

YAFFX	+ 1.0	YAFIX
YAFIX	+ 0.98	AIVFX
YAFFX	+ 0.98	AIVFX
JCSCX	+ 0.97	FSSMX
USCRX	+ 0.95	FSSMX
CHTTX	+ 0.95	YAFIX

High negative correlations

YAFFX	- 0.55	FIDLX
YAFIX	- 0.55	FIDLX
FIDLX	- 0.54	AIVFX
USCRX	- 0.42	FIDLX
CHTTX	- 0.42	FIDLX
FSSMX	- 0.38	FIDLX

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
AIVFX	0.73	0.18	0.11	(2.40)	0.57	(0.84)	1.70	(1.25)	4.50
FIDLX	0.41	(0.02)	0.00	(0.65)	0.00	0.00	0.92	(1.34)	3.50
FSSMX	0.76	0.17	0.10	1.71	0.62	(0.89)	1.90	(1.39)	3.69
PARMX	0.91	0.16	0.17	0.24	0.64	(1.02)	1.95	(1.56)	10.36
YAFIX	0.80	0.42	0.44	1.84	0.00	(1.01)	1.36	(0.88)	16.03
YAFFX	0.80	0.42	0.43	1.81	0.00	(1.00)	1.41	(0.88)	15.86
PEOPX	0.56	(0.03)	(0.06)	0.05	0.74	(0.56)	1.15	(1.22)	3.62
CHTTX	1.00	0.32	0.35	0.53	0.33	(1.25)	2.14	(1.17)	17.08
JCSCX	0.72	0.21	0.17	1.52	0.47	(0.85)	2.07	(0.98)	4.49
USCRX	0.39	0.04	(0.01)	0.16	0.36	(0.42)	0.83	(0.85)	2.06

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