Columbia Global Correlations

CTHCX Fund

USD 72.94 0.69 0.94%

The current 90-days correlation between Columbia Global Tech and Columbia Global Technology is -0.09 (i.e., Good 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

Good diversification

The correlation between Columbia Global Technology and DJI is -0.07 (i.e., Good 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 main economic indicators.

Moving together with Columbia Mutual Fund

0.66	DYSL	Dynasil Of	Pair Corr
0.77	DIDIY	Didi Global ADR	Pair Corr
0.78	WEBB	Web Global Holdings	Pair Corr
0.65	WELX	Winland Holdings	Pair Corr
0.68	CETXP	Cemtrex Pref	Pair Corr
0.69	HAUP	Hauppauge Digital OTC	Pair Corr

Moving against Columbia Mutual Fund

0.72	VHAI	VHAI	Pair Corr
0.72	ELCO	Elcom International	Pair Corr
0.68	VVPR	VivoPower International	Pair Corr
0.64	DMAN	Innovativ Media Group	Pair Corr
0.62	DLPX	Delphax Technologies	Pair Corr
0.53	DZSI	DZS Inc	Pair Corr
0.48	XELAP	Exela Technologies Earnings Call This Week	Pair Corr
0.79	VLD	Velo3D Inc	Pair Corr
0.71	EVOL	Evolving Systems	Pair Corr
0.7	GETR	Getaround Financial Report 20th of December 2024	Pair Corr
0.52	WRNT	Warrantee American	Pair Corr
0.48	SBIGW	SpringBig Holdings	Pair Corr
0.4	XELA	Exela Technologies Earnings Call This Week	Pair Corr
0.81	ZPTA	Zapata Computing Holdings Symbol Change	Pair Corr
0.7	ZPTAW	Zapata Computing Holdings	Pair Corr
0.5	SURGW	SurgePays Warrant	Pair Corr

Related Correlations Analysis

	CTCAX	BGSCX	CTYRX	CTHRX	CMTFX
CTCAX		0.99	1.0	1.0	0.93	CTCAX
BGSCX	0.99		0.99	0.99	0.92	BGSCX
CTYRX	1.0	0.99		1.0	0.93	CTYRX
CTHRX	1.0	0.99	1.0		0.93	CTHRX
CMTFX	0.93	0.92	0.93	0.93		CMTFX
	CTCAX	BGSCX	CTYRX	CTHRX	CMTFX

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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
CTCAX	1.01	(0.04)	(0.02)	0.07	1.49	(0.95)	1.95	(2.56)	6.06
BGSCX	1.04	(0.01)	0.00	0.09	1.56	(1.01)	1.88	(2.49)	6.75
CTYRX	1.01	(0.04)	(0.02)	0.07	1.49	(0.95)	1.95	(2.55)	6.07
CTHRX	1.01	(0.04)	(0.02)	0.07	1.49	(0.95)	1.96	(2.55)	6.07
CMTFX	1.00	0.08	(0.02)	(0.52)	1.49	(0.95)	1.96	(2.56)	6.08

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