Columbia Diversified Equity Fund Market Value
| RDERX Fund | USD 15.99 0.02 0.12% |
| Symbol | Columbia |
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 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 Diversified.
| 10/22/2023 |
| 04/19/2024 |
If you would invest 0.00 in Columbia Diversified on October 22, 2023 and sell it all today you would earn a total of 0.00 from holding Columbia Diversified Equity or generate 0.0% return on investment in Columbia Diversified over 180 days. Columbia Diversified is related to or competes with Dodge Cox, American Funds, American Funds, American Mutual, and Vanguard Value. The funds assets primarily are invested in equity securities 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 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 Diversified Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6823 | |||
| Information Ratio | 0.0189 | |||
| Maximum Drawdown | 2.79 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 0.9265 |
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 | 0.0765 | |||
| Jensen Alpha | 0.0649 | |||
| Total Risk Alpha | 0.0129 | |||
| Sortino Ratio | 0.0166 | |||
| Treynor Ratio | (8.27) |
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 0.12, which signifies that the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Columbia Diversified Equity, which you can use to evaluate the volatility of the entity. Please confirm Columbia Diversified's Mean Deviation of 0.4681, downside deviation of 0.6823, and Risk Adjusted Performance of 0.0765 to double-check if the risk estimate we provide is consistent with the expected return of 0.0729%. The fund shows a Beta (market volatility) of -0.0078, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Columbia Diversified are expected to decrease at a much lower rate. During the bear market, Columbia Diversified is likely to outperform the market.
Auto-correlation | 0.92 |
Excellent predictability
Columbia Diversified Equity has excellent predictability. Overlapping area represents the amount of predictability between Columbia Diversified time series from 22nd of October 2023 to 20th of January 2024 and 20th of January 2024 to 19th of April 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 0.92 indicates that approximately 92.0% of current Columbia Diversified price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Columbia Diversified lagged returns against current returns
Autocorrelation, which is Columbia Diversified 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 Diversified's mutual fund 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 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Diversified 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 Diversified mutual fund 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 mutual fund 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 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Diversified Equity.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Columbia Diversified in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Columbia Diversified's short interest history, or implied volatility extrapolated from Columbia Diversified options trading.
Currently Active Assets on Macroaxis
Check out Columbia Diversified Correlation, Columbia Diversified Volatility and Columbia Diversified Alpha and Beta module to complement your research on Columbia Diversified. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Columbia Diversified 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.