Columbia Seligman Correlations

SHTCX Fund

USD 50.05 0.26 0.52%

The current 90-days correlation between Columbia Seligman Global and Blackrock Health Sciences is 0.5 (i.e., Very weak 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

Poor diversification

The correlation between Columbia Seligman Global and DJI is 0.71 (i.e., Poor 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 main economic indicators.

Moving together with Columbia Mutual Fund

0.72	DIDIY	Didi Global ADR	Pair Corr
0.82	WEBB	Web Global Holdings	Pair Corr
0.72	WELX	Winland Holdings Potential Growth	Pair Corr
0.7	WGNR	Wegener	Pair Corr
0.68	CETXP	Cemtrex Pref	Pair Corr

Moving against Columbia Mutual Fund

0.75	VHAI	VHAI	Pair Corr
0.68	DLPX	Delphax Technologies	Pair Corr
0.66	VVPR	VivoPower International Tech Boost	Pair Corr
0.63	ELCO	Elcom International	Pair Corr
0.62	DZSI	DZS Inc	Pair Corr
0.6	XELAP	Exela Technologies Earnings Call Tomorrow	Pair Corr
0.59	DMAN	Innovativ Media Group	Pair Corr
0.78	EVOL	Evolving Systems	Pair Corr
0.59	XELA	Exela Technologies Earnings Call Tomorrow	Pair Corr
0.56	SBIGW	SpringBig Holdings	Pair Corr
0.44	WRNT	Warrantee American	Pair Corr
0.86	ZPTA	Zapata Computing Holdings Symbol Change	Pair Corr
0.79	VLD	Velo3D Inc	Pair Corr
0.79	GETR	Getaround Financial Report 20th of December 2024	Pair Corr
0.78	ZPTAW	Zapata Computing Holdings	Pair Corr
0.61	SURGW	SurgePays Warrant	Pair Corr

Related Correlations Analysis

	SHSAX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL
SHSAX		0.0	-0.25	-0.44	-0.66	-0.16	-0.73	-0.63	-0.36	-0.83	SHSAX
AQUI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	-0.25	0.0		0.67	-0.11	0.81	-0.02	0.15	0.78	0.5	MSTSX
LBHIX	-0.44	0.0	0.67		0.19	0.71	0.27	0.09	0.46	0.73	LBHIX
VIASP	-0.66	0.0	-0.11	0.19		-0.01	0.79	0.53	-0.12	0.6	VIASP
RRTLX	-0.16	0.0	0.81	0.71	-0.01		0.05	0.01	0.51	0.47	RRTLX
OSHDF	-0.73	0.0	-0.02	0.27	0.79	0.05		0.35	-0.08	0.65	OSHDF
70082LAB3	-0.63	0.0	0.15	0.09	0.53	0.01	0.35		0.27	0.5	70082LAB3
SITKF	-0.36	0.0	0.78	0.46	-0.12	0.51	-0.08	0.27		0.51	SITKF
RWAYL	-0.83	0.0	0.5	0.73	0.6	0.47	0.65	0.5	0.51		RWAYL
	SHSAX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL

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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

RRTLX	+ 0.81	MSTSX
OSHDF	+ 0.79	VIASP
SITKF	+ 0.78	MSTSX
RWAYL	+ 0.73	LBHIX
RRTLX	+ 0.71	LBHIX
LBHIX	+ 0.67	MSTSX

High negative correlations

RWAYL	- 0.83	SHSAX
OSHDF	- 0.73	SHSAX
VIASP	- 0.66	SHSAX
70082LAB3	- 0.63	SHSAX
LBHIX	- 0.44	SHSAX
SITKF	- 0.36	SHSAX

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
SHSAX	0.57	(0.16)	0.00	(0.15)	0.00	0.00	0.91	(1.29)	3.38
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.48	(0.05)	(0.15)	0.04	0.53	(0.58)	1.03	(1.02)	2.80
LBHIX	0.11	0.01	(0.40)	0.46	0.00	(0.29)	0.24	(0.24)	0.96
VIASP	0.74	0.08	(0.03)	(2.22)	1.13	(0.80)	2.28	(1.20)	7.18
RRTLX	0.24	0.01	(0.30)	0.50	0.24	(0.27)	0.56	(0.56)	1.37
OSHDF	39.65	22.61	0.00	(0.96)	0.00	0.00	0.00	0.00	1,329
70082LAB3	1.00	0.03	(0.04)	1.56	2.25	(1.07)	1.75	(1.69)	24.27
SITKF	5.54	1.04	0.14	4.02	5.03	(8.12)	14.29	(9.09)	32.64
RWAYL	0.12	0.03	(0.46)	2.75	0.00	(0.18)	0.32	(0.20)	1.21

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