Columbia Minnesota Tax Exempt Fund Quote
| RMTCX Fund | USD 19.24 0.02 0.10% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Columbia Minnesota is trading at 19.24 as of the 25th of April 2024; that is -0.1 percent decrease since the beginning of the trading day. The fund's open price was 19.26. Columbia Minnesota has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Columbia Minnesota Tax Exempt are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Under normal market circumstances, the fund invests at least 80 percent of its net assets in municipal obligations that are generally exempt from U.S. federal income tax as well as from Minnesota State and local income tax. It may invest in debt instruments of any maturity and does not seek to maintain a particular dollar-weighted average maturity. More on Columbia Minnesota Tax Exempt
Moving together with Columbia Mutual Fund
| 0.69 | SRINX | Columbia Porate Me | 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 Minnesota's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Columbia Minnesota or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Columbia Funds, Large Funds, Muni Minnesota Funds, Muni Minnesota, Columbia (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of December 2018 |
| Fiscal Year End | July |
Columbia Minnesota Tax Exempt [RMTCX] is traded in USA and was established 25th of April 2024. Columbia Minnesota is listed under Columbia category by Fama And French industry classification. The fund is listed under Muni Minnesota category and is part of Columbia family. This fund at this time has accumulated 640.18 M in assets with no minimum investment requirementsColumbia Minnesota Tax is currently producing year-to-date (YTD) return of 0.18% with the current yeild of 0.01%, while the total return for the last 3 years was -3.4%.
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Instrument Allocation
Columbia Minnesota Target Price Odds Analysis
Based on a normal probability distribution, the odds of Columbia Minnesota jumping above the current price in 90 days from now is more than 94.0%. The Columbia Minnesota Tax Exempt probability density function shows the probability of Columbia Minnesota mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Columbia Minnesota has a beta of 0.1017 indicating as returns on the market go up, Columbia Minnesota average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Columbia Minnesota Tax Exempt will be expected to be much smaller as well. Additionally, columbia Minnesota Tax Exempt has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Columbia Minnesota to move above the current price in 90 days from now is more than 94.0 (This Columbia Minnesota Tax Exempt probability density function shows the probability of Columbia Mutual Fund to fall within a particular range of prices over 90 days) .
Columbia Minnesota Tax Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Columbia Minnesota market risk premium is the additional return an investor will receive from holding Columbia Minnesota 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 Minnesota. 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 Minnesota's alpha and beta are two of the key measurements used to evaluate Columbia Minnesota's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.1545 | |||
| Standard Deviation | 0.2335 | |||
| Variance | 0.0545 | |||
| Risk Adjusted Performance | (0.02) |
Columbia Minnesota Against Markets
Picking the right benchmark for Columbia Minnesota 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 Minnesota 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 Minnesota is critical whether you are bullish or bearish towards Columbia Minnesota Tax Exempt at a given time. Please also check how Columbia Minnesota'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 Minnesota 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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How to buy Columbia Mutual Fund?
Before investing in Columbia Minnesota, 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 Minnesota. To buy Columbia Minnesota fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Columbia Minnesota. 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 Minnesota fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Columbia Minnesota Tax Exempt 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 Minnesota Tax Exempt 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 Minnesota Tax Exempt, 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 Minnesota Tax Exempt?
The danger of trading Columbia Minnesota Tax Exempt 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 Minnesota 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 Minnesota. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Columbia Minnesota Tax 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Columbia Minnesota Tax Exempt. 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 main economic indicators. Note that the Columbia Minnesota Tax information on this page should be used as a complementary analysis to other Columbia Minnesota'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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.