Columbia Global Correlations

CTYRX Fund

USD 92.73 0.20 0.22%

The current 90-days correlation between Columbia Global Tech and Columbia Global Technology is 1.0 (i.e., No risk reduction). 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

Poor diversification

The correlation between Columbia Global Technology and DJI is 0.61 (i.e., Poor 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 metropolitan statistical area.

Moving together with Columbia Mutual Fund

0.69	DYSL	Dynasil Of	Pair Corr
0.77	DIDIY	Didi Global ADR	Pair Corr
0.79	WEBB	Web Global Holdings	Pair Corr
0.71	WELX	Winland Holdings	Pair Corr
0.62	WGNR	Wegener	Pair Corr
0.74	CETXP	Cemtrex Pref	Pair Corr

Moving against Columbia Mutual Fund

0.79	EVOL	Evolving Systems	Pair Corr
0.72	VHAI	VHAI	Pair Corr
0.72	VVPR	VivoPower International	Pair Corr
0.69	DLPX	Delphax Technologies	Pair Corr
0.67	ELCO	Elcom International	Pair Corr
0.66	DMAN	Innovativ Media Group	Pair Corr
0.54	SBIGW	SpringBig Holdings	Pair Corr
0.53	DZSI	DZS Inc	Pair Corr
0.48	XELAP	Exela Technologies Earnings Call This Week	Pair Corr
0.41	WRNT	Warrantee American	Pair Corr
0.84	ZPTA	Zapata Computing Holdings Symbol Change	Pair Corr
0.81	VLD	Velo3D Inc	Pair Corr
0.78	GETR	Getaround Financial Report 20th of December 2024	Pair Corr
0.74	ZPTAW	Zapata Computing Holdings	Pair Corr
0.65	SURGW	SurgePays Warrant	Pair Corr
0.48	XELA	Exela Technologies Earnings Call This Week	Pair Corr
0.32	GTLL	Global Techs	Pair Corr

Related Correlations Analysis

	CTHRX	CTHCX	CTCAX	CMTFX	CSGZX
CTHRX		1.0	1.0	1.0	0.98	CTHRX
CTHCX	1.0		1.0	1.0	0.98	CTHCX
CTCAX	1.0	1.0		1.0	0.98	CTCAX
CMTFX	1.0	1.0	1.0		0.98	CMTFX
CSGZX	0.98	0.98	0.98	0.98		CSGZX
	CTHRX	CTHCX	CTCAX	CMTFX	CSGZX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
CTHRX	0.97	(0.03)	(0.01)	0.10	1.40	(0.95)	1.96	(2.55)	6.07
CTHCX	0.97	(0.03)	(0.01)	0.09	1.43	(0.98)	1.95	(2.56)	6.08
CTCAX	0.97	(0.03)	(0.01)	0.09	1.40	(0.95)	1.95	(2.56)	6.06
CMTFX	0.97	(0.03)	(0.01)	0.10	1.40	(0.95)	1.96	(2.56)	6.08
CSGZX	0.85	(0.01)	0.00	0.11	1.21	(0.92)	1.71	(1.78)	5.91

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC