Columbia Disciplined E Fund Market Value
CCQYX Fund | USD 14.78 0.02 0.14% |
Symbol | Columbia |
Columbia Disciplined 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Columbia Disciplined's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Columbia Disciplined.
02/28/2024 |
| 03/29/2024 |
If you would invest 0.00 in Columbia Disciplined on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Disciplined E or generate 0.0% return on investment in Columbia Disciplined over 30 days. Columbia Disciplined is related to or competes with Vanguard 500, Vanguard Total, Vanguard Total, and Vanguard 500. Under normal market conditions, at least 80 percent of the funds net assets are invested in equity securities of compani... More
Columbia Disciplined Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Columbia Disciplined's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Columbia Disciplined E upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.6346 | |||
Information Ratio | 0.0649 | |||
Maximum Drawdown | 3.14 | |||
Value At Risk | (0.69) | |||
Potential Upside | 1.32 |
Columbia Disciplined Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Disciplined's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Disciplined's standard deviation. In reality, there are many statistical measures that can use Columbia Disciplined historical prices to predict the future Columbia Disciplined's volatility.Risk Adjusted Performance | 0.147 | |||
Jensen Alpha | 0.0443 | |||
Total Risk Alpha | 0.0149 | |||
Sortino Ratio | 0.0703 | |||
Treynor Ratio | 0.1691 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia Disciplined's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Columbia Disciplined Backtested Returns
Columbia Disciplined appears to be very steady, given 3 months investment horizon. Columbia Disciplined secures Sharpe Ratio (or Efficiency) of 0.28, which signifies that the fund had a 0.28% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Columbia Disciplined E, which you can use to evaluate the volatility of the entity. Please makes use of Columbia Disciplined's Mean Deviation of 0.5358, risk adjusted performance of 0.147, and Downside Deviation of 0.6346 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.0, which signifies a somewhat significant risk relative to the market. Columbia Disciplined returns are very sensitive to returns on the market. As the market goes up or down, Columbia Disciplined is expected to follow.
Auto-correlation | 0.71 |
Good predictability
Columbia Disciplined E has good predictability. Overlapping area represents the amount of predictability between Columbia Disciplined time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Columbia Disciplined price movement. The serial correlation of 0.71 indicates that around 71.0% of current Columbia Disciplined price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.71 | |
Spearman Rank Test | 0.74 | |
Residual Average | 0.0 | |
Price Variance | 0.02 |
Columbia Disciplined lagged returns against current returns
Autocorrelation, which is Columbia Disciplined mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Columbia Disciplined's mutual fund expected returns. We can calculate the autocorrelation of Columbia Disciplined returns to help us make a trade decision. For example, suppose you find that Columbia Disciplined has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
Timeline |
Columbia Disciplined regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Columbia Disciplined mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Disciplined mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Columbia Disciplined mutual fund over time.
Current vs Lagged Prices |
Timeline |
Columbia Disciplined Lagged Returns
When evaluating Columbia Disciplined's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Disciplined mutual fund have on its future price. Columbia Disciplined autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Columbia Disciplined autocorrelation shows the relationship between Columbia Disciplined mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Disciplined E.
Regressed Prices |
Timeline |
Pair Trading with Columbia Disciplined
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Columbia Disciplined position performs unexpectedly, the other equity 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 Columbia Disciplined will appreciate offsetting losses from the drop in the long position's value.Moving together with Columbia Mutual Fund
0.98 | STFGX | State Farm Growth | PairCorr |
0.96 | CLWFX | Columbia Large Cap | PairCorr |
1.0 | CLXRX | Columbia Large Cap | PairCorr |
0.93 | CUSHX | Columbia Ultra Short | PairCorr |
Moving against Columbia Mutual Fund
0.5 | CUTRX | Columbia Us Treasury | PairCorr |
0.49 | CUTYX | Columbia Us Treasury | PairCorr |
The ability to find closely correlated positions to Columbia Disciplined 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 Disciplined 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 Disciplined - 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 Disciplined E to buy it.
The correlation of Columbia Disciplined 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Columbia Disciplined moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbia Disciplined moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Columbia Disciplined can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Columbia Disciplined Correlation, Columbia Disciplined Volatility and Columbia Disciplined Alpha and Beta module to complement your research on Columbia Disciplined. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Columbia Mutual Fund analysis
When running Columbia Disciplined's price analysis, check to measure Columbia Disciplined's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Columbia Disciplined is operating at the current time. Most of Columbia Disciplined's value examination focuses on studying past and present price action to predict the probability of Columbia Disciplined's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Columbia Disciplined's price. Additionally, you may evaluate how the addition of Columbia Disciplined to your portfolios can decrease your overall portfolio volatility.
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Columbia Disciplined technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.