Columbia Seligman Premium Etf Statistic Functions Beta

This analysis covers thirty-seven data points across the selected time horizon. The Beta measures systematic risk based on how returns on Columbia Seligman Premium correlated with the market. If Beta is less than 0 Columbia Seligman generally moves in the opposite direction as compared to the market. If Columbia Seligman Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Columbia Seligman Premium is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Columbia Seligman is generally in the same direction as the market. If Beta > 1 Columbia Seligman moves generally in the same direction as, but more than the movement of the benchmark.