Columbia Small Cap Fund Market Value
CUURX Fund | USD 50.97 0.22 0.43% |
Symbol | Columbia |
Columbia Small '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 Small'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 Small.
11/04/2023 |
| 05/02/2024 |
If you would invest 0.00 in Columbia Small on November 4, 2023 and sell it all today you would earn a total of 0.00 from holding Columbia Small Cap or generate 0.0% return on investment in Columbia Small over 180 days. Columbia Small is related to or competes with Vanguard Small, Morningstar Unconstrained, and SPACE. Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities of companies tha... More
Columbia Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.35 | |||
Information Ratio | (0.05) | |||
Maximum Drawdown | 5.77 | |||
Value At Risk | (2.22) | |||
Potential Upside | 2.16 |
Columbia Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Small's standard deviation. In reality, there are many statistical measures that can use Columbia Small historical prices to predict the future Columbia Small's volatility.Risk Adjusted Performance | 0.0062 | |||
Jensen Alpha | (0.09) | |||
Total Risk Alpha | (0.10) | |||
Sortino Ratio | (0.04) | |||
Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia Small'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 Small Cap Backtested Returns
We consider Columbia Small very steady. Columbia Small Cap secures Sharpe Ratio (or Efficiency) of 0.0205, which signifies that the fund had a 0.0205% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Columbia Small Cap, which you can use to evaluate the volatility of the entity. Please confirm Columbia Small's Downside Deviation of 1.35, risk adjusted performance of 0.0062, and Mean Deviation of 0.9457 to double-check if the risk estimate we provide is consistent with the expected return of 0.0248%. The fund shows a Beta (market volatility) of 1.66, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Columbia Small will likely underperform.
Auto-correlation | 0.63 |
Good predictability
Columbia Small Cap has good predictability. Overlapping area represents the amount of predictability between Columbia Small time series from 4th of November 2023 to 2nd of February 2024 and 2nd of February 2024 to 2nd of May 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 Small Cap price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Columbia Small price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.63 | |
Spearman Rank Test | 0.16 | |
Residual Average | 0.0 | |
Price Variance | 1.26 |
Columbia Small Cap lagged returns against current returns
Autocorrelation, which is Columbia Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Columbia Small returns to help us make a trade decision. For example, suppose you find that Columbia Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Small 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 Small mutual fund over time.
Current vs Lagged Prices |
Timeline |
Columbia Small Lagged Returns
When evaluating Columbia Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Small mutual fund have on its future price. Columbia Small 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 Small autocorrelation shows the relationship between Columbia Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Small Cap.
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 Small 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 Small's short interest history, or implied volatility extrapolated from Columbia Small options trading.
Pair Trading with Columbia Small
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 Small 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 Small will appreciate offsetting losses from the drop in the long position's value.Moving together with Columbia Mutual Fund
0.8 | CDAZX | Multi Manager Direct | PairCorr |
1.0 | CVVRX | Columbia Small Cap | PairCorr |
The ability to find closely correlated positions to Columbia Small 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 Small 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 Small - 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 Small Cap to buy it.
The correlation of Columbia Small 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 Small moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbia Small Cap 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 Small 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 Small Correlation, Columbia Small Volatility and Columbia Small Alpha and Beta module to complement your research on Columbia Small. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Columbia Small 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.