Multi Manager Directional Alternative Fund Quote
| CDAZX Fund | USD 7.08 0.02 0.28% |
Performance10 of 100
| Odds Of DistressLess than 19
|
Multi Manager is trading at 7.08 as of the 18th of April 2024; that is -0.28 percent decrease since the beginning of the trading day. The fund's open price was 7.1. Multi Manager has less than a 19 % chance of experiencing some financial distress in the next two years of operation and had a ok 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 26th of October 2022 and ending today, the 18th of April 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
| 0.9 | CUSHX | Columbia Ultra Short | PairCorr |
| 0.9 | CUSBX | Columbia Ultra Short | PairCorr |
| 0.87 | CUURX | Columbia Small Cap | PairCorr |
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 Concentration | Columbia Funds, Large Blend Funds, Long-Short Equity Funds, Long-Short Equity, Columbia (View all Sectors) |
| Update Date | 31st of March 2024 |
Multi Manager Directional Alternative [CDAZX] is traded in USA and was established 18th of April 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 5.47% with the current yeild of 0.01%, while the total return for the last 3 years was 6.5%.
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
| ABBV | AbbVie Inc | Stock | Health Care |
| COST | Costco Wholesale Corp | Stock | Consumer Staples |
| BIIB | Biogen Inc | Stock | Health Care |
| ORCL | Oracle | Stock | Information Technology |
| RIO | Rio Tinto ADR | Stock | Materials |
| HPE | Hewlett Packard Enterprise | Stock | Information Technology |
| PCAR | PACCAR Inc | Stock | Industrials |
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 about 44.7%. 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 0.4852 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 0.0253, implying that it can generate a 0.0253 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Multi Manager to move above the current price in 90 days from now is about 44.7 (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.
| Mean Deviation | 0.2854 | |||
| Semi Deviation | 0.2214 | |||
| Standard Deviation | 0.3687 | |||
| Variance | 0.1359 |
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.Did you try this?
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Odds Of BankruptcyGet analysis of equity chance of financial distress in the next 2 years |
| All Next | Launch Module |
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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.