Columbia Seligman Correlations

SGTTX Fund

USD 79.16 0.98 1.25%

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

Average diversification

The correlation between Columbia Seligman Global and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Seligman Global 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 Global. 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 estimate.

Moving together with Columbia Mutual Fund

0.63

ZPTA

Zapata Computing Holdings Symbol Change

Pair Corr

Moving against Columbia Mutual Fund

0.75	VEEA	Veea Inc Symbol Change	Pair Corr
0.58	CETXP	Cemtrex Pref	Pair Corr
0.54	EXOD	Exodus Movement, Trending	Pair Corr
0.4	WEBB	Web Global Holdings	Pair Corr
0.35	WGNR	Wegener	Pair Corr
0.34	VVPR	VivoPower International	Pair Corr
0.52	HPAIW	Helport AI Limited	Pair Corr
0.46	LTCH	Latch Inc	Pair Corr
0.44	MARXR	Mars Acquisition Corp	Pair Corr

Related Correlations Analysis

	CSGZX	SGTRX	CCHRX	SCIOX	SHTCX
CSGZX		1.0	-0.52	-0.52	0.96	CSGZX
SGTRX	1.0		-0.55	-0.55	0.97	SGTRX
CCHRX	-0.52	-0.55		1.0	-0.65	CCHRX
SCIOX	-0.52	-0.55	1.0		-0.65	SCIOX
SHTCX	0.96	0.97	-0.65	-0.65		SHTCX
	CSGZX	SGTRX	CCHRX	SCIOX	SHTCX

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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

SGTRX	+ 1.0	CSGZX
SCIOX	+ 1.0	CCHRX
SHTCX	+ 0.97	SGTRX
SHTCX	+ 0.96	CSGZX

High negative correlations

SHTCX	- 0.65	SCIOX
SHTCX	- 0.65	CCHRX
SCIOX	- 0.55	SGTRX
CCHRX	- 0.55	SGTRX
SCIOX	- 0.52	CSGZX
CCHRX	- 0.52	CSGZX

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
CSGZX	1.25	(0.06)	0.00	(0.03)	0.00	0.00	1.86	(2.57)	16.38
SGTRX	1.27	(0.07)	0.00	(0.07)	0.00	0.00	1.87	(2.57)	17.32
CCHRX	0.83	0.11	0.01	(0.68)	1.20	(0.89)	1.58	(1.78)	5.53
SCIOX	0.81	0.12	0.02	(0.78)	1.15	(0.86)	1.55	(1.76)	5.35
SHTCX	1.40	(0.16)	0.00	(0.33)	0.00	0.00	1.85	(2.77)	23.64

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