Columbia Sustainable International Etf Market Value
| ESGN Etf | USD 37.30 0.28 0.75% |
| Symbol | Columbia |
The market value of Columbia Sustainable 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 Sustainable's value that differs from its market value or its book value, called intrinsic value, which is Columbia Sustainable'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 Sustainable's market value can be influenced by many factors that don't directly affect Columbia Sustainable'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 Sustainable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbia Sustainable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbia Sustainable'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 Sustainable '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 Sustainable'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 Sustainable.
| 05/18/2025 |
| 08/16/2025 |
If you would invest 0.00 in Columbia Sustainable on May 18, 2025 and sell it all today you would earn a total of 0.00 from holding Columbia Sustainable International or generate 0.0% return on investment in Columbia Sustainable over 90 days. Columbia Sustainable is related to or competes with Columbia Sustainable, SPDR MSCI, Xtrackers FTSE, FlexShares STOXX, and Invesco SP. The fund invests at least 80 percent of its assets in the component securities of the index and depositary receipts repr... More
Columbia Sustainable 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 Sustainable'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 Sustainable International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7972 | |||
| Information Ratio | 0.0472 | |||
| Maximum Drawdown | 4.24 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.59 |
Columbia Sustainable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Sustainable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Sustainable's standard deviation. In reality, there are many statistical measures that can use Columbia Sustainable historical prices to predict the future Columbia Sustainable's volatility.| Risk Adjusted Performance | 0.119 | |||
| Jensen Alpha | 0.0691 | |||
| Total Risk Alpha | 0.0225 | |||
| Sortino Ratio | 0.0504 | |||
| Treynor Ratio | 0.1919 |
Columbia Sustainable Backtested Returns
As of now, Columbia Etf is very steady. Columbia Sustainable secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the etf had a 0.16 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Columbia Sustainable International, which you can use to evaluate the volatility of the entity. Please confirm Columbia Sustainable's Mean Deviation of 0.6654, downside deviation of 0.7972, and Risk Adjusted Performance of 0.119 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. The etf shows a Beta (market volatility) of 0.68, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Columbia Sustainable's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Sustainable is expected to be smaller as well.
Auto-correlation | 0.55 |
Modest predictability
Columbia Sustainable International has modest predictability. Overlapping area represents the amount of predictability between Columbia Sustainable time series from 18th of May 2025 to 2nd of July 2025 and 2nd of July 2025 to 16th of August 2025. 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 Sustainable price movement. The serial correlation of 0.55 indicates that about 55.0% of current Columbia Sustainable price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Columbia Sustainable lagged returns against current returns
Autocorrelation, which is Columbia Sustainable 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 Sustainable's etf expected returns. We can calculate the autocorrelation of Columbia Sustainable returns to help us make a trade decision. For example, suppose you find that Columbia Sustainable 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 Sustainable 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 Sustainable etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Sustainable etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Columbia Sustainable etf over time.
Current vs Lagged Prices |
| Timeline |
Columbia Sustainable Lagged Returns
When evaluating Columbia Sustainable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Sustainable etf have on its future price. Columbia Sustainable 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 Sustainable autocorrelation shows the relationship between Columbia Sustainable etf current value and its past values and can show if there is a momentum factor associated with investing in Columbia Sustainable International.
Regressed Prices |
| Timeline |
Pair Trading with Columbia Sustainable
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 Sustainable 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 Sustainable will appreciate offsetting losses from the drop in the long position's value.Moving together with Columbia Etf
| 0.8 | EFV | iShares MSCI EAFE Low Volatility | PairCorr |
| 0.96 | FNDF | Schwab Fundamental | PairCorr |
| 0.96 | VYMI | Vanguard International | PairCorr |
| 0.91 | IDV | iShares International | PairCorr |
| 0.96 | DFIV | Dimensional International | PairCorr |
The ability to find closely correlated positions to Columbia Sustainable 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 Sustainable 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 Sustainable - 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 Sustainable International to buy it.
The correlation of Columbia Sustainable 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 Sustainable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbia Sustainable 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 Sustainable 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 Sustainable Correlation, Columbia Sustainable Volatility and Columbia Sustainable Alpha and Beta module to complement your research on Columbia Sustainable. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Columbia Sustainable technical etf 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, etf market cycles, or different charting patterns.