Columbia Seligman Correlations

SCMIX Fund

USD 165.79 1.61 0.96%

The current 90-days correlation between Columbia Seligman and Small Midcap Dividend Income is 0.67 (i.e., Poor diversification). The correlation of Columbia Seligman 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 Seligman Correlation With Market

Significant diversification

The correlation between Columbia Seligman Munications and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Seligman Munications and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Columbia Seligman Munications. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Columbia Mutual Fund

0.94	FSCSX	Software And It	Pair Corr
0.65	HD	Home Depot Sell-off Trend	Pair Corr
0.93	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.82	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.74	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.73	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.7	HPQ	HP Inc	Pair Corr
0.83	CVX	Chevron Corp Sell-off Trend	Pair Corr

Moving against Columbia Mutual Fund

0.77	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.72	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.71	KO	Coca Cola Sell-off Trend	Pair Corr
0.65	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.4	NHS	Neuberger Berman High	Pair Corr

Related Correlations Analysis

	PMDDX	GPSCX	TVOYX	JISGX	BSGSX	QUAKX	QUAIX	MSSGX
PMDDX		0.97	0.99	0.97	0.98	0.96	0.96	0.95	PMDDX
GPSCX	0.97		0.98	0.98	0.97	0.92	0.92	0.96	GPSCX
TVOYX	0.99	0.98		0.98	0.98	0.95	0.95	0.94	TVOYX
JISGX	0.97	0.98	0.98		0.98	0.95	0.95	0.93	JISGX
BSGSX	0.98	0.97	0.98	0.98		0.97	0.97	0.96	BSGSX
QUAKX	0.96	0.92	0.95	0.95	0.97		1.0	0.87	QUAKX
QUAIX	0.96	0.92	0.95	0.95	0.97	1.0		0.87	QUAIX
MSSGX	0.95	0.96	0.94	0.93	0.96	0.87	0.87		MSSGX
	PMDDX	GPSCX	TVOYX	JISGX	BSGSX	QUAKX	QUAIX	MSSGX

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Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Seligman 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 Seligman'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
PMDDX	0.72	0.13	0.01	(6.48)	0.67	(0.88)	1.61	(1.31)	5.22
GPSCX	1.07	0.20	0.08	1.16	1.06	(1.24)	2.33	(1.84)	5.55
TVOYX	0.79	0.13	0.02	4.63	0.68	(0.98)	1.70	(1.42)	6.73
JISGX	0.90	0.13	0.02	2.52	1.03	(0.99)	1.91	(1.76)	6.72
BSGSX	0.80	0.20	0.08	17.08	0.82	(0.90)	1.90	(1.52)	5.09
QUAKX	0.94	0.15	0.04	1.33	1.07	(0.98)	1.92	(2.15)	6.77
QUAIX	0.94	0.15	0.04	1.33	1.03	(1.00)	1.92	(2.14)	6.76
MSSGX	1.44	0.54	0.27	7.05	1.14	(1.76)	3.46	(2.26)	7.23

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