Columbia Alternative Beta Fund Quote
| CLFUX Fund | USD 29.88 0.01 0.03% |
Performance26 of 100
| Odds Of DistressLess than 13
|
Columbia Alternative is trading at 29.88 as of the 16th of April 2024; that is -0.03 percent decrease since the beginning of the trading day. The fund's open price was 29.89. Columbia Alternative has less than a 13 % chance of experiencing some financial distress in the next two years of operation and had a strong performance during the last 90 days. Equity ratings for Columbia Alternative Beta are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of March 2024 and ending today, the 16th of April 2024. Click here to learn more.
Under normal circumstances, the fund employs alternative investment strategies that seek to identify and capitalize upon changes in macroeconomic fundamentals, market inefficiencies, market behavioral biases, market mis-pricings, risk premia, and other market factors or events within equity, fixed income, interest rate, commodity and currency markets around the world, including emerging markets.. More on Columbia Alternative Beta
Moving together with Columbia Mutual Fund
| 0.96 | CUSHX | Columbia Ultra Short | PairCorr |
| 0.96 | CUSBX | Columbia Ultra Short | PairCorr |
| 0.96 | CDAZX | Multi-manager Directional | PairCorr |
| 0.84 | CUURX | Columbia Small Cap | PairCorr |
Moving against Columbia Mutual Fund
| 0.42 | CUTRX | Columbia Treasury Index | PairCorr |
Columbia 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. Columbia Alternative's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Columbia Alternative 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, Multistrategy Funds, Multistrategy, Columbia (View all Sectors) |
| Update Date | 31st of March 2024 |
Columbia Alternative Beta [CLFUX] is traded in USA and was established 16th of April 2024. Columbia Alternative is listed under Columbia category by Fama And French industry classification. The fund is listed under Multistrategy category and is part of Columbia family. This fund currently has accumulated 774.54 M in assets under management (AUM) with minimum initial investment of 2 K. Columbia Alternative Beta is currently producing year-to-date (YTD) return of 5.99% with the current yeild of 0.03%, while the total return for the last 3 years was 1.91%.
Check Columbia Alternative 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 Columbia 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 Columbia 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 Columbia Alternative Beta 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.
Columbia Alternative Target Price Odds Analysis
Based on a normal probability distribution, the odds of Columbia Alternative jumping above the current price in 90 days from now is about 15.02%. The Columbia Alternative Beta probability density function shows the probability of Columbia Alternative mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Columbia Alternative has a beta of 0.1091 suggesting as returns on the market go up, Columbia Alternative average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Columbia Alternative Beta will be expected to be much smaller as well. Additionally, columbia Alternative Beta has an alpha of 0.0696, implying that it can generate a 0.0696 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Columbia Alternative to move above the current price in 90 days from now is about 15.02 (This Columbia Alternative Beta probability density function shows the probability of Columbia Mutual Fund to fall within a particular range of prices over 90 days) .
Columbia Alternative Beta Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Columbia Alternative market risk premium is the additional return an investor will receive from holding Columbia Alternative 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 Columbia Alternative. 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 Columbia Alternative's alpha and beta are two of the key measurements used to evaluate Columbia Alternative's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.1971 | |||
| Standard Deviation | 0.2479 | |||
| Variance | 0.0614 | |||
| Downside Variance | 0.0552 |
Columbia Alternative Against Markets
Picking the right benchmark for Columbia Alternative 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 Columbia Alternative 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 Columbia Alternative is critical whether you are bullish or bearish towards Columbia Alternative Beta at a given time. Please also check how Columbia Alternative'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 Columbia Alternative 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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| All Next | Launch Module |
How to buy Columbia Mutual Fund?
Before investing in Columbia Alternative, 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 Columbia Alternative. To buy Columbia Alternative fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Columbia Alternative. 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 Columbia Alternative fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Columbia Alternative Beta 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 Columbia Alternative Beta 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 Columbia Alternative Beta, 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 Columbia Alternative Beta?
The danger of trading Columbia Alternative Beta 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 Columbia Alternative 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 Columbia Alternative. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Columbia Alternative Beta 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 Columbia Alternative Beta. 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 employment. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.