Columbia Seligman Correlations

SHGTX Fund

USD 75.00 0.92 1.24%

The current 90-days correlation between Columbia Seligman Global and Ab Sustainable Global is 0.93 (i.e., Almost no 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

Average diversification

The correlation between Columbia Seligman Global and DJI is 0.17 (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

0.65

ZPTA

Zapata Computing Holdings Symbol Change

Pair Corr

Moving against Columbia Mutual Fund

0.74	VEEA	Veea Inc Symbol Change	Pair Corr
0.6	CETXP	Cemtrex Pref	Pair Corr
0.56	EXOD	Exodus Movement, Trending	Pair Corr
0.42	WEBB	Web Global Holdings	Pair Corr
0.37	WGNR	Wegener	Pair Corr
0.35	VVPR	VivoPower International	Pair Corr
0.74	MIND	Mind Technology Tech Boost	Pair Corr
0.53	HPAIW	Helport AI Limited	Pair Corr
0.47	LTCH	Latch Inc	Pair Corr
0.46	MARXR	Mars Acquisition Corp	Pair Corr
0.39	MVLA	Movella Holdings	Pair Corr

Related Correlations Analysis

	SHGTX	ALTFX	NYVTX	MNNAX	SHSAX
SHGTX		0.87	0.83	0.86	0.76	SHGTX
ALTFX	0.87		0.91	0.86	0.95	ALTFX
NYVTX	0.83	0.91		0.98	0.88	NYVTX
MNNAX	0.86	0.86	0.98		0.82	MNNAX
SHSAX	0.76	0.95	0.88	0.82		SHSAX
	SHGTX	ALTFX	NYVTX	MNNAX	SHSAX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
SHGTX	1.26	(0.06)	(0.04)	1.86	(2.57)	16.65
ALTFX	0.77	(0.17)	(0.28)	1.21	(2.07)	9.15
NYVTX	0.82	(0.11)	(0.12)	1.21	(1.50)	14.35
MNNAX	0.80	(0.09)	(0.13)	1.27	(2.07)	10.68
SHSAX	0.72	(0.11)	(0.16)	1.18	(1.64)	6.48

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