Columbia Emerging Correlations

CEKYX Fund

USD 17.22 0.19 1.09%

The current 90-days correlation between Columbia Emerging Markets and Delaware Minnesota High Yield is 0.17 (i.e., Average diversification). The correlation of Columbia Emerging 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 Emerging Correlation With Market

Significant diversification

The correlation between Columbia Emerging Markets and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Emerging Markets 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 Emerging Markets. 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 world development indicators.

Moving together with Columbia Mutual Fund

0.8	CEKRX	Columbia Emerging Markets	Pair Corr
0.67	SCIRX	Columbia Seligman	Pair Corr
0.71	SCMIX	Columbia Seligman	Pair Corr
0.8	CGEZX	Columbia Select Global	Pair Corr

Related Correlations Analysis

	DMHIX	TAHFX	LAGIX	HIICX	SISAX	LBETX
DMHIX		0.53	-0.05	0.19	0.31	0.65	DMHIX
TAHFX	0.53		0.4	0.37	0.77	0.71	TAHFX
LAGIX	-0.05	0.4		0.16	0.65	0.41	LAGIX
HIICX	0.19	0.37	0.16		0.48	0.29	HIICX
SISAX	0.31	0.77	0.65	0.48		0.76	SISAX
LBETX	0.65	0.71	0.41	0.29	0.76		LBETX
	DMHIX	TAHFX	LAGIX	HIICX	SISAX	LBETX

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

SISAX	+ 0.77	TAHFX
LBETX	+ 0.76	SISAX
LBETX	+ 0.71	TAHFX
LBETX	+ 0.65	DMHIX
SISAX	+ 0.65	LAGIX
TAHFX	+ 0.53	DMHIX

High negative correlations

LAGIX

- 0.05

DMHIX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Emerging 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 Emerging'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
DMHIX	0.12	0.02	(0.24)	(3.29)	0.00	(0.19)	0.31	(0.20)	0.91
TAHFX	0.11	(0.01)	(0.31)	0.03	0.06	(0.18)	0.24	(0.24)	0.97
LAGIX	0.54	0.04	(0.02)	0.43	0.75	(0.53)	1.07	(1.24)	3.11
HIICX	0.33	0.02	(0.05)	0.11	0.33	(0.43)	0.74	(0.73)	1.98
SISAX	0.45	(0.01)	(0.03)	0.06	0.60	(0.44)	1.01	(1.00)	2.65
LBETX	0.07	0.01	(0.40)	1.08	0.00	(0.17)	0.35	(0.09)	0.61

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