Columbia Diversified Fixed Etf Market Value
DIAL Etf | USD 17.78 0.02 0.11% |
Symbol | Columbia |
The market value of Columbia Diversified is measured differently than its book value, which is the value of Columbia that is recorded on the company's balance sheet. Investors also form their own opinion of Columbia Diversified's value that differs from its market value or its book value, called intrinsic value, which is Columbia Diversified's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Columbia Diversified's market value can be influenced by many factors that don't directly affect Columbia Diversified's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Columbia Diversified's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbia Diversified is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbia Diversified's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Columbia Diversified '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 Diversified's etf 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 Diversified.
02/28/2024 |
| 03/29/2024 |
If you would invest 0.00 in Columbia Diversified on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Diversified Fixed or generate 0.0% return on investment in Columbia Diversified over 30 days. Columbia Diversified is related to or competes with Axonic Strategic, Axonic Strategic, JPMorgan International, JP Morgan, Anfield Universal, and IShares Semiconductor. The fund invests at least 80 percent of its assets in securities within the index or in securities, that the funds inves... More
Columbia Diversified 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 Diversified's etf 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 Diversified Fixed upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.37) | |||
Maximum Drawdown | 1.68 | |||
Value At Risk | (0.79) | |||
Potential Upside | 0.5587 |
Columbia Diversified Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Diversified's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Diversified's standard deviation. In reality, there are many statistical measures that can use Columbia Diversified historical prices to predict the future Columbia Diversified's volatility.Risk Adjusted Performance | (0.01) | |||
Jensen Alpha | (0.07) | |||
Total Risk Alpha | (0.10) | |||
Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia Diversified'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 Diversified Backtested Returns
We consider Columbia Diversified very steady. Columbia Diversified secures Sharpe Ratio (or Efficiency) of 0.0018, which signifies that the etf had a 0.0018% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Columbia Diversified Fixed, which you can use to evaluate the volatility of the entity. Please confirm Columbia Diversified's Risk Adjusted Performance of (0.01), standard deviation of 0.3811, and Mean Deviation of 0.293 to double-check if the risk estimate we provide is consistent with the expected return of 7.0E-4%. The etf shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Columbia Diversified's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Diversified is expected to be smaller as well.
Auto-correlation | 0.86 |
Very good predictability
Columbia Diversified Fixed has very good predictability. Overlapping area represents the amount of predictability between Columbia Diversified 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 Diversified price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Columbia Diversified price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.86 | |
Spearman Rank Test | 0.79 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Columbia Diversified lagged returns against current returns
Autocorrelation, which is Columbia Diversified etf'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 Diversified's etf expected returns. We can calculate the autocorrelation of Columbia Diversified returns to help us make a trade decision. For example, suppose you find that Columbia Diversified has exhibited high autocorrelation historically, and you observe that the etf 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 Diversified 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 Diversified etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Diversified etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Columbia Diversified etf over time.
Current vs Lagged Prices |
Timeline |
Columbia Diversified Lagged Returns
When evaluating Columbia Diversified's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Diversified etf have on its future price. Columbia Diversified 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 Diversified autocorrelation shows the relationship between Columbia Diversified etf current value and its past values and can show if there is a momentum factor associated with investing in Columbia Diversified Fixed.
Regressed Prices |
Timeline |
Pair Trading with Columbia Diversified
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 Diversified 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 Diversified will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Columbia Diversified 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 Diversified 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 Diversified - 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 Diversified Fixed to buy it.
The correlation of Columbia Diversified 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 Diversified moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbia Diversified 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 Diversified 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 Diversified Correlation, Columbia Diversified Volatility and Columbia Diversified Alpha and Beta module to complement your research on Columbia Diversified. Note that the Columbia Diversified information on this page should be used as a complementary analysis to other Columbia Diversified's statistical models used 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Columbia Etf analysis
When running Columbia Diversified's price analysis, check to measure Columbia Diversified'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 Diversified is operating at the current time. Most of Columbia Diversified's value examination focuses on studying past and present price action to predict the probability of Columbia Diversified'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 Diversified's price. Additionally, you may evaluate how the addition of Columbia Diversified to your portfolios can decrease your overall portfolio volatility.
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