Columbia Global Correlations

CEVYX Fund

USD 13.58 0.09 0.66%

The current 90-days correlation between Columbia Global Equity and Arrow Managed Futures is 0.54 (i.e., Very weak diversification). The correlation of Columbia Global 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 Global Correlation With Market

Significant diversification

The correlation between Columbia Global Equity and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Global Equity 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 Global Equity. 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

0.65	CDAZX	Multi Manager Direct	Pair Corr
0.76	CDDYX	Columbia Dividend Income	Pair Corr
0.76	CDDRX	Columbia Dividend Income	Pair Corr
0.89	CDEYX	Columbia Diversified	Pair Corr
0.76	CDIRX	Columbia Dividend Income	Pair Corr
0.69	AMTCX	Columbia Capital All	Pair Corr
0.81	CDOZX	Columbia Dividend	Pair Corr
0.81	CDOYX	Columbia Dividend	Pair Corr
0.89	CDVZX	Columbia Diversified	Pair Corr
0.7	CVQZX	Columbia Disciplined	Pair Corr
0.61	CECYX	Columbia Large Cap	Pair Corr
0.64	SSVIX	Columbia Select Smaller	Pair Corr
0.78	CEPRX	Columbia Income Oppo	Pair Corr
1.0	CEVZX	Columbia Global Equity	Pair Corr
0.67	CFCYX	Columbia Flexible Capital	Pair Corr
0.67	CFIZX	Columbia Flexible Capital	Pair Corr
0.69	APECX	Columbia High Yield	Pair Corr

Related Correlations Analysis

	MFTFX	QCILIX	AMFAX	LIPNX	AUNCX	SLFYX	LFTAX
MFTFX		0.24	0.93	0.39	0.61	0.58	0.87	MFTFX
QCILIX	0.24		0.27	0.77	0.27	0.4	0.25	QCILIX
AMFAX	0.93	0.27		0.37	0.67	0.54	0.82	AMFAX
LIPNX	0.39	0.77	0.37		0.38	0.26	0.26	LIPNX
AUNCX	0.61	0.27	0.67	0.38		0.39	0.63	AUNCX
SLFYX	0.58	0.4	0.54	0.26	0.39		0.84	SLFYX
LFTAX	0.87	0.25	0.82	0.26	0.63	0.84		LFTAX
	MFTFX	QCILIX	AMFAX	LIPNX	AUNCX	SLFYX	LFTAX

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Global 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 Global'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
MFTFX	1.09	0.16	0.07	0.91	1.13	(1.27)	2.80	(1.78)	6.84
QCILIX	0.10	(0.01)	(0.54)	(0.12)	0.11	(0.10)	0.18	(0.15)	0.62
AMFAX	0.60	0.07	0.01	0.52	0.71	(0.65)	1.21	(1.20)	3.58
LIPNX	0.15	(0.01)	(0.36)	(0.68)	0.18	(0.17)	0.31	(0.20)	0.92
AUNCX	0.08	0.01	(0.56)	0.65	0.00	(0.15)	0.18	(0.09)	0.56
SLFYX	0.19	0.02	(0.17)	0.65	0.06	(0.25)	0.37	(0.36)	0.98
LFTAX	0.35	0.08	0.04	1.32	0.25	(0.41)	0.76	(0.66)	2.76

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Columbia Global Correlations

Columbia Global Correlation With Market

Significant diversification

Moving together with Columbia Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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