Multi Manager Directional Alternative Fund Quote

CDAZX Fund  USD 7.28  0.01  0.14%   

Performance

28 of 100

 
Low
 
High
Strong

Odds Of Distress

Less than 25

 
100  
 
Zero
Low
Multi Manager is trading at 7.28 as of the 29th of March 2024; that is 0.14 percent increase since the beginning of the trading day. The fund's open price was 7.27. Multi Manager has about a 25 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat strong performance during the last 90 days. Equity ratings for Multi Manager Directional Alternative are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of April 2023 and ending today, the 29th of March 2024. Click here to learn more.
The fund pursues its investment objective by allocating the funds assets among different asset managers that collectively use various investment styles and strategies, including, for example, fundamental , macroeconomic , andor quantitative methods or models, across different markets. More on Multi Manager Directional Alternative

Moving together with Multi Mutual Fund

  0.96STFGX State Farm GrowthPairCorr
  0.91CLWFX Columbia Large CapPairCorr
  0.97CLXRX Columbia Large CapPairCorr
  0.94CUSHX Columbia Ultra ShortPairCorr
  0.94CUSBX Columbia Ultra ShortPairCorr

Moving against Multi Mutual Fund

  0.45CUTRX Columbia Us TreasuryPairCorr
  0.43CUTYX Columbia Us TreasuryPairCorr

Multi Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Multi Manager's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Multi Manager or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund ConcentrationColumbia Funds, Large Blend Funds, Long-Short Equity Funds, Long-Short Equity, Columbia (View all Sectors)
Update Date31st of March 2024
Multi Manager Directional Alternative [CDAZX] is traded in USA and was established 29th of March 2024. Multi Manager is listed under Columbia category by Fama And French industry classification. The fund is listed under Long-Short Equity category and is part of Columbia family. This fund currently has accumulated 289.32 M in assets under management (AUM) with minimum initial investment of 100. Multi-manager Direct is currently producing year-to-date (YTD) return of 7.09% with the current yeild of 0.01%, while the total return for the last 3 years was 8.47%.
Check Multi Manager Probability Of Bankruptcy

Instrument Allocation

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Multi Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Multi Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Multi Manager Directional Alternative Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top Multi Manager Directional Alternative Mutual Fund Constituents

CICigna CorpStockHealth Care
GOOGLAlphabet Class AStockCommunication Services
PEPPepsiCoStockConsumer Staples
EXPDExpeditors InternationalStockIndustrials
FBMeta PlatformsStockInternet Content & Information
MRKMerck CompanyStockHealth Care
TPXTempur Sealy InternationalStockConsumer Discretionary
More Details

Multi Manager Target Price Odds Analysis

Based on a normal probability distribution, the odds of Multi Manager jumping above the current price in 90 days from now is under 4%. The Multi Manager Directional Alternative probability density function shows the probability of Multi Manager mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Multi Manager has a beta of 0.4226 suggesting as returns on the market go up, Multi Manager average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Multi Manager Directional Alternative will be expected to be much smaller as well. Additionally, multi Manager Directional Alternative has an alpha of 0.0523, implying that it can generate a 0.0523 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 7.28HorizonTargetOdds Above 7.28
96.88%90 days
 7.28 
3.04%
Based on a normal probability distribution, the odds of Multi Manager to move above the current price in 90 days from now is under 4 (This Multi Manager Directional Alternative probability density function shows the probability of Multi Mutual Fund to fall within a particular range of prices over 90 days) .

Multi-manager Direct Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Multi Manager market risk premium is the additional return an investor will receive from holding Multi Manager long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Multi Manager. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Multi Manager's alpha and beta are two of the key measurements used to evaluate Multi Manager's performance over the market, the standard measures of volatility play an important role as well.

Multi Manager Against Markets

Picking the right benchmark for Multi Manager mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Multi Manager mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Multi Manager is critical whether you are bullish or bearish towards Multi Manager Directional Alternative at a given time. Please also check how Multi Manager's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Multi Manager without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Multi Mutual Fund?

Before investing in Multi Manager, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Multi Manager. To buy Multi Manager fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Multi Manager. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Multi Manager fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Multi Manager Directional Alternative fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Multi Manager Directional Alternative fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Multi Manager Directional Alternative, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Multi Manager Directional Alternative?

The danger of trading Multi Manager Directional Alternative is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Multi Manager is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Multi Manager. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Multi-manager Direct is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Multi Manager Directional Alternative. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Multi-manager Direct information on this page should be used as a complementary analysis to other Multi Manager'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 Commodity Directory module to find actively traded commodities issued by global exchanges.

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When running Multi Manager's price analysis, check to measure Multi Manager'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 Multi Manager is operating at the current time. Most of Multi Manager's value examination focuses on studying past and present price action to predict the probability of Multi Manager's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Multi Manager's price. Additionally, you may evaluate how the addition of Multi Manager to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Multi Manager's value and its price as these two are different measures arrived at by different means. Investors typically determine if Multi Manager is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Multi Manager'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.