Columbia Etf Trust Etf Net Asset
| CRED Etf | USD 19.41 0.04 0.21% |
Columbia ETF Trust fundamentals help investors to digest information that contributes to Columbia ETF's financial success or failures. It also enables traders to predict the movement of Columbia Etf. The fundamental analysis module provides a way to measure Columbia ETF's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Columbia ETF etf.
Columbia |
Columbia ETF Trust ETF Net Asset Analysis
Columbia ETF's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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Based on the recorded statements, Columbia ETF Trust has a Net Asset of 0.0. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Corporate Bond (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
Columbia Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Columbia ETF's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Columbia ETF could also be used in its relative valuation, which is a method of valuing Columbia ETF by comparing valuation metrics of similar companies.Columbia ETF is currently under evaluation in net asset as compared to similar ETFs.
Fund Asset Allocation for Columbia ETF
The fund invests most of its asset under management in bonds or other fixed income securities. .Asset allocation divides Columbia ETF's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Columbia Fundamentals
| Return On Asset | 6.33 | |||
| Profit Margin | 18.87 % | |||
| Operating Margin | 32.71 % | |||
| Current Valuation | 148.84 M | |||
| Shares Outstanding | 10.04 M | |||
| Shares Owned By Insiders | 11.64 % | |||
| Shares Owned By Institutions | 35.10 % | |||
| Number Of Shares Shorted | 307.59 K | |||
| Revenue | 23 M | |||
| Gross Profit | 12.73 M | |||
| EBITDA | 15.54 M | |||
| Net Income | 4.34 M | |||
| Cash And Equivalents | 2.65 M | |||
| Cash Per Share | 0.26 X | |||
| Total Debt | 6 M | |||
| Debt To Equity | 0.11 % | |||
| Current Ratio | 0.51 X | |||
| Cash Flow From Operations | 10.52 M | |||
| Short Ratio | 13.50 X | |||
| Earnings Per Share | 0.43 X | |||
| Number Of Employees | 15 | |||
| Market Capitalization | 145.49 M | |||
| Total Asset | 1.5 B | |||
| Retained Earnings | 25 M | |||
| Working Capital | (11.47 M) | |||
| Current Asset | 12.04 M | |||
| Current Liabilities | 23.52 M | |||
| One Year Return | 1.59 % | |||
| Three Year Return | 12.70 % | |||
| Five Year Return | 7.20 % | |||
| Ten Year Return | 17.20 % | |||
| Bond Positions Weight | 99.17 % |
About Columbia ETF Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Columbia ETF Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Columbia ETF using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Columbia ETF Trust based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 ETF 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 ETF's short interest history, or implied volatility extrapolated from Columbia ETF options trading.
Pair Trading with Columbia ETF
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 ETF 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 ETF will appreciate offsetting losses from the drop in the long position's value.Moving together with Columbia Etf
| 0.65 | LQD | iShares iBoxx Investment | PairCorr |
| 0.72 | IGIB | iShares 5 10 | PairCorr |
| 0.72 | USIG | iShares Broad USD | PairCorr |
| 0.69 | SPIB | SPDR Barclays Interm | PairCorr |
| 0.7 | SUSC | iShares ESG USD | PairCorr |
The ability to find closely correlated positions to Columbia ETF 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 ETF 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 ETF - 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 ETF Trust to buy it.
The correlation of Columbia ETF 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 ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbia ETF Trust 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 ETF 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 ETF Piotroski F Score and Columbia ETF Altman Z Score analysis. For information on how to trade Columbia Etf refer to our How to Trade Columbia Etf guide.Note that the Columbia ETF Trust information on this page should be used as a complementary analysis to other Columbia ETF'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 Money Managers module to screen money managers from public funds and ETFs managed around the world.
The market value of Columbia ETF Trust 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 ETF's value that differs from its market value or its book value, called intrinsic value, which is Columbia ETF'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 ETF's market value can be influenced by many factors that don't directly affect Columbia ETF'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 ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbia ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbia ETF'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.