Columbia Ultra Short Fund Market Value
| CUSBX Fund | USD 9.22 0.00 0.00% |
| Symbol | Columbia |
Columbia Ultra '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 Ultra'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 Ultra.
| 05/01/2024 |
| 05/31/2024 |
If you would invest 0.00 in Columbia Ultra on May 1, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Ultra Short or generate 0.0% return on investment in Columbia Ultra over 30 days. Columbia Ultra is related to or competes with Short-term Fund, Vanguard Ultra-short-term, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, and High-yield Municipal. Under normal circumstances, the fund invests at least 80 percent of its net assets in a diversified portfolio of domesti... More
Columbia Ultra 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 Ultra'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 Ultra Short upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0) | |||
| Maximum Drawdown | 0.4381 | |||
| Potential Upside | 0.1098 |
Columbia Ultra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Ultra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Ultra's standard deviation. In reality, there are many statistical measures that can use Columbia Ultra historical prices to predict the future Columbia Ultra's volatility.| Risk Adjusted Performance | 0.1095 | |||
| Total Risk Alpha | 0.0114 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia Ultra'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 Ultra Short Backtested Returns
We consider Columbia Ultra out of control. Columbia Ultra Short secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that the fund had a 0.25% return per unit of risk over the last 3 months. We have found fifteen technical indicators for Columbia Ultra Short, which you can use to evaluate the volatility of the entity. Please confirm Columbia Ultra's Variance of 0.0065, risk adjusted performance of 0.1095, and Coefficient Of Variation of 346.32 to double-check if the risk estimate we provide is consistent with the expected return of 0.0176%. The fund shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Columbia Ultra are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Columbia Ultra Short has no correlation between past and present. Overlapping area represents the amount of predictability between Columbia Ultra time series from 1st of May 2024 to 16th of May 2024 and 16th of May 2024 to 31st 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 Ultra Short price movement. The serial correlation of 0.0 indicates that just 0.0% of current Columbia Ultra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Columbia Ultra Short lagged returns against current returns
Autocorrelation, which is Columbia Ultra 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 Ultra's mutual fund expected returns. We can calculate the autocorrelation of Columbia Ultra returns to help us make a trade decision. For example, suppose you find that Columbia Ultra 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 Ultra 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 Ultra mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Ultra 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 Ultra mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Ultra Lagged Returns
When evaluating Columbia Ultra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Ultra mutual fund have on its future price. Columbia Ultra 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 Ultra autocorrelation shows the relationship between Columbia Ultra mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Ultra Short.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Columbia Ultra Correlation, Columbia Ultra Volatility and Columbia Ultra Alpha and Beta module to complement your research on Columbia Ultra. Note that the Columbia Ultra Short information on this page should be used as a complementary analysis to other Columbia Ultra'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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Columbia Ultra 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.