Columbia Emerging Correlations

CEKRX Fund

USD 16.85 0.20 1.17%

The current 90-days correlation between Columbia Emerging Markets and Semiconductor Ultrasector Profund is -0.18 (i.e., Good 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 0.06 (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 real.

Moving together with Columbia Mutual Fund

0.62	AMTCX	Columbia Capital All	Pair Corr
1.0	CEKYX	Columbia Emerging Markets Potential Growth	Pair Corr
0.68	RPCCX	Columbia Capital All	Pair Corr
0.63	SCMIX	Columbia Seligman	Pair Corr
0.73	CGEZX	Columbia Select Global	Pair Corr

Related Correlations Analysis

	SMPIX	NQQQX	SWSSX	PAEIX	SRDAX	TMSRX	AUXIX	MHEFX
SMPIX		0.69	0.46	0.67	0.06	0.81	0.03	0.6	SMPIX
NQQQX	0.69		0.62	0.74	0.39	0.82	0.47	0.89	NQQQX
SWSSX	0.46	0.62		0.71	0.2	0.59	0.59	0.59	SWSSX
PAEIX	0.67	0.74	0.71		0.3	0.8	0.49	0.71	PAEIX
SRDAX	0.06	0.39	0.2	0.3		0.48	0.23	0.2	SRDAX
TMSRX	0.81	0.82	0.59	0.8	0.48		0.24	0.7	TMSRX
AUXIX	0.03	0.47	0.59	0.49	0.23	0.24		0.61	AUXIX
MHEFX	0.6	0.89	0.59	0.71	0.2	0.7	0.61		MHEFX
	SMPIX	NQQQX	SWSSX	PAEIX	SRDAX	TMSRX	AUXIX	MHEFX

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
SMPIX	2.37	(0.05)	0.01	0.05	3.31	(2.35)	4.70	(5.51)	14.63
NQQQX	0.85	0.13	0.04	(14.78)	1.13	(0.89)	2.19	(2.05)	4.77
SWSSX	1.00	(0.04)	(0.01)	0.05	1.31	(0.99)	2.15	(2.11)	5.55
PAEIX	0.63	(0.02)	(0.03)	0.05	0.89	(0.63)	1.21	(1.37)	4.20
SRDAX	0.16	0.01	(0.23)	1.11	0.11	(0.19)	0.28	(0.38)	0.94
TMSRX	0.10	(0.01)	(0.29)	0.02	0.07	(0.16)	0.23	(0.23)	0.91
AUXIX	0.45	0.03	(0.05)	0.19	0.44	(0.51)	1.05	(0.89)	2.29
MHEFX	0.52	0.06	(0.01)	1.12	0.80	(0.54)	1.10	(1.17)	3.50

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Columbia Emerging Correlations

Columbia Emerging Correlation With Market

Significant diversification

Moving together with Columbia Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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