Columbia Dividend Income Fund Market Value
| CVIRX Fund | USD 33.47 0.01 0.03% |
| Symbol | Columbia |
Columbia Dividend '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 Dividend'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 Dividend.
| 04/22/2024 |
| 05/22/2024 |
If you would invest 0.00 in Columbia Dividend on April 22, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Dividend Income or generate 0.0% return on investment in Columbia Dividend over 30 days. Columbia Dividend is related to or competes with T Rowe, T Rowe, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, and High-yield Municipal. The fund invests at least 80 percent of its net assets in a diversified portfolio of income-producing equity securities,... More
Columbia Dividend 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 Dividend'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 Dividend Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5959 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 2.87 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 0.7786 |
Columbia Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Dividend's standard deviation. In reality, there are many statistical measures that can use Columbia Dividend historical prices to predict the future Columbia Dividend's volatility.| Risk Adjusted Performance | 0.0769 | |||
| Jensen Alpha | 0.0477 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.3154 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia Dividend'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 Dividend Income Backtested Returns
We consider Columbia Dividend very steady. Columbia Dividend Income secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the fund had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Columbia Dividend Income, which you can use to evaluate the volatility of the entity. Please confirm Columbia Dividend's Mean Deviation of 0.4018, downside deviation of 0.5959, and Risk Adjusted Performance of 0.0769 to double-check if the risk estimate we provide is consistent with the expected return of 0.0535%. The fund shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Columbia Dividend's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Dividend is expected to be smaller as well.
Auto-correlation | -0.22 |
Weak reverse predictability
Columbia Dividend Income has weak reverse predictability. Overlapping area represents the amount of predictability between Columbia Dividend time series from 22nd of April 2024 to 7th of May 2024 and 7th of May 2024 to 22nd 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 Dividend Income price movement. The serial correlation of -0.22 indicates that over 22.0% of current Columbia Dividend price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Columbia Dividend Income lagged returns against current returns
Autocorrelation, which is Columbia Dividend 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 Dividend's mutual fund expected returns. We can calculate the autocorrelation of Columbia Dividend returns to help us make a trade decision. For example, suppose you find that Columbia Dividend 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 Dividend 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 Dividend mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Dividend 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 Dividend mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Dividend Lagged Returns
When evaluating Columbia Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Dividend mutual fund have on its future price. Columbia Dividend 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 Dividend autocorrelation shows the relationship between Columbia Dividend mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Dividend Income.
Regressed Prices |
| Timeline |
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Columbia Dividend 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.