Correlation Between Columbia Global and Catalyst Mlp

Can any of the company-specific risk be diversified away by investing in both Columbia Global and Catalyst Mlp at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Columbia Global and Catalyst Mlp into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Columbia Global Technology and Catalyst Mlp Infrastructure, you can compare the effects of market volatilities on Columbia Global and Catalyst Mlp and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Columbia Global with a short position of Catalyst Mlp. Check out your portfolio center. Please also check ongoing floating volatility patterns of Columbia Global and Catalyst Mlp.

Diversification Opportunities for Columbia Global and Catalyst Mlp

-0.82

Correlation Coefficient

Columbia Global  Catalyst Mlp

Pay attention - limited upside

The 3 months correlation between Columbia and Catalyst is -0.82. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Global Technology and Catalyst Mlp Infrastructure in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Catalyst Mlp Infrast and Columbia Global is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Columbia Global Technology are associated (or correlated) with Catalyst Mlp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Catalyst Mlp Infrast has no effect on the direction of Columbia Global i.e., Columbia Global and Catalyst Mlp go up and down completely randomly.

Pair Corralation between Columbia Global and Catalyst Mlp

Assuming the 90 days horizon Columbia Global Technology is expected to generate 1.19 times more return on investment than Catalyst Mlp. However, Columbia Global is 1.19 times more volatile than Catalyst Mlp Infrastructure. It trades about 0.21 of its potential returns per unit of risk. Catalyst Mlp Infrastructure is currently generating about -0.23 per unit of risk. If you would invest  10,298  in Columbia Global Technology on August 5, 2025 and sell it today you would earn a total of  1,545  from holding Columbia Global Technology or generate 15.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Significant
Accuracy	100.0%
Values	Daily Returns

Columbia Global Technology  vs.  Catalyst Mlp Infrastructure

Columbia Global Tech

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Columbia Global Technology are ranked lower than 16 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak technical and fundamental indicators, Columbia Global showed solid returns over the last few months and may actually be approaching a breakup point.

Catalyst Mlp Infrast

Risk-Adjusted Performance

Weakest

Over the last 90 days Catalyst Mlp Infrastructure has generated negative risk-adjusted returns adding no value to fund investors. In spite of weak performance in the last few months, the Fund's basic indicators remain fairly strong which may send shares a bit higher in December 2025. The current disturbance may also be a sign of long term up-swing for the fund investors.

Pair Trading with Columbia Global and Catalyst Mlp

The main advantage of trading using opposite Columbia Global and Catalyst Mlp positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Columbia Global position performs unexpectedly, Catalyst Mlp can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Catalyst Mlp will offset losses from the drop in Catalyst Mlp's long position.

The idea behind Columbia Global Technology and Catalyst Mlp Infrastructure pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.