Columbia Seligman Correlations

Mutual Funds USA . 
Fund . Columbia Seligman Technology
CCIFX Fund   208.55  7.39  3.42%   
The current 90-days correlation between Columbia Seligman and Mainstay Conservative Allocation is -0.07 (i.e., Good 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

Good diversification

The correlation between Columbia Seligman Technology and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Seligman 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 Seligman 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 price.

Moving together with Columbia Mutual Fund

  0.89SRIJX Columbia Corporate IncomePairCorr
  0.93CUSOX Columbia Ultra ShortPairCorr
  0.81CDOAX Columbia DividendPairCorr
  0.97ILGCX Columbia Integrated LargePairCorr
  0.97ILGGX Columbia Integrated LargePairCorr
  0.94ILGJX Columbia Integrated LargePairCorr
  0.75ILVBX Columbia Integrated LargePairCorr
  0.76ILVFX Columbia Integrated LargePairCorr
  0.94LHIAX Columbia High YieldPairCorr
  0.69CEVAX Columbia Global ValuePairCorr
  0.94IMNTX Columbia Minnesota TaxPairCorr
  0.94GEGDX Columbia Large CapPairCorr
  0.96IMRFX Columbia Global OppoPairCorr
  0.84CFIGX Columbia Flexible CapitalPairCorr
  0.88CFIAX Columbia Flexible CapitalPairCorr
  0.91LIACX Columbia AcornPairCorr
  0.98SCICX Columbia SeligmanPairCorr
  0.98PHIKX Columbia ConvertiblePairCorr
  0.84LIBAX Columbia Total ReturnPairCorr
  0.91INDZX Columbia DiversifiedPairCorr
  0.78INEAX Columbia High YieldPairCorr
  0.86LIIAX Columbia Porate IncomePairCorr
  0.95INTAX Columbia StrategicPairCorr
  0.95LITAX Columbia Amt FreePairCorr
  0.95LITCX Columbia Amt FreePairCorr
  0.77INUTX Columbia DividendPairCorr
  0.96CGOAX Columbia Small CapPairCorr
  0.98CGTDX Columbia Global TechPairCorr
  0.95NACMX Columbia Amt FreePairCorr
  0.95AQEAX Columbia DisciplinedPairCorr
  0.92SVLCX Columbia Select LargePairCorr
  0.97UMEBX Columbia Emerging MarketsPairCorr
  0.94NSGAX Columbia Select LargePairCorr
  0.85UMLAX Columbia Select LargePairCorr

Related Correlations Analysis


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.

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