COLUMBIA SPORTSWEAR Correlations

CUW Stock

EUR 85.00 0.50 0.58%

The current 90-days correlation between COLUMBIA SPORTSWEAR and Wyndham Hotels Resorts is -0.02 (i.e., Good diversification). The correlation of COLUMBIA SPORTSWEAR 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 SPORTSWEAR Correlation With Market

Modest diversification

The correlation between COLUMBIA SPORTSWEAR and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding COLUMBIA SPORTSWEAR and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to COLUMBIA SPORTSWEAR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace COLUMBIA SPORTSWEAR when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back COLUMBIA SPORTSWEAR - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling COLUMBIA SPORTSWEAR to buy it.

Moving together with COLUMBIA Stock

0.79	APC	Apple Inc	Pair Corr
0.8	APC	Apple Inc	Pair Corr
0.81	APC	Apple Inc	Pair Corr
0.78	APC	Apple Inc	Pair Corr
0.79	MSF	Microsoft	Pair Corr
0.77	MSF	Microsoft	Pair Corr
0.79	MSF	Microsoft	Pair Corr
0.78	MSF	Microsoft	Pair Corr
0.79	MSF	Microsoft	Pair Corr
0.88	AMZ	Amazon Inc	Pair Corr
0.79	FHL	Federal Home Loan	Pair Corr
0.82	SID	State Bank	Pair Corr
0.63	E908	Lyxor 1	Pair Corr

Moving against COLUMBIA Stock

0.57	DBPD	Xtrackers ShortDAX	Pair Corr
0.54	LLD2	Lloyds Banking Group	Pair Corr

Related Correlations Analysis

	2WY	13O	CI7	US8	6L50	BL1	GS2C	SDP
2WY		0.0	-0.65	-0.43	-0.64	-0.72	0.92	0.34	2WY
13O	0.0		0.0	0.0	0.0	0.0	0.0	0.0	13O
CI7	-0.65	0.0		0.59	0.66	0.63	-0.66	-0.45	CI7
US8	-0.43	0.0	0.59		0.35	0.39	-0.59	-0.44	US8
6L50	-0.64	0.0	0.66	0.35		0.74	-0.58	-0.47	6L50
BL1	-0.72	0.0	0.63	0.39	0.74		-0.76	-0.54	BL1
GS2C	0.92	0.0	-0.66	-0.59	-0.58	-0.76		0.46	GS2C
SDP	0.34	0.0	-0.45	-0.44	-0.47	-0.54	0.46		SDP
	2WY	13O	CI7	US8	6L50	BL1	GS2C	SDP

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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

GS2C	+ 0.92	2WY
BL1	+ 0.74	6L50
6L50	+ 0.66	CI7
BL1	+ 0.63	CI7
US8	+ 0.59	CI7
SDP	+ 0.46	GS2C

High negative correlations

GS2C	- 0.76	BL1
BL1	- 0.72	2WY
GS2C	- 0.66	CI7
CI7	- 0.65	2WY
6L50	- 0.64	2WY
GS2C	- 0.59	US8

Risk-Adjusted Indicators

There is a big difference between COLUMBIA Stock performing well and COLUMBIA SPORTSWEAR Company 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 SPORTSWEAR'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
2WY	1.32	0.47	0.32	0.65	0.77	(1.87)	3.67	(2.09)	13.19
13O	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CI7	2.14	(0.26)	0.00	1.14	0.00	0.00	5.56	(6.90)	26.75
US8	2.56	0.02	(0.02)	0.30	3.24	(2.95)	5.52	(4.62)	20.89
6L50	2.47	(0.21)	0.00	(0.27)	0.00	0.00	6.67	(4.84)	24.49
BL1	3.48	(0.29)	0.00	(0.20)	0.00	0.00	8.11	(8.51)	24.30
GS2C	2.54	0.56	0.19	2.10	2.21	(2.99)	8.05	(3.77)	19.42
SDP	1.59	0.17	0.05	9.65	1.43	(2.58)	4.74	(2.62)	12.05

Be your own money manager

Our tools can tell you how much better you can do entering a position in COLUMBIA SPORTSWEAR without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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