Columbia High Yield Fund Quote
| CHMCX Fund | USD 8.93 0.01 0.11% |
Performance8 of 100
| Odds Of DistressLess than 19
|
Columbia High is trading at 8.93 as of the 23rd of April 2024; that is 0.11 percent increase since the beginning of the trading day. The fund's open price was 8.92. Columbia High has less than a 19 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for Columbia High Yield are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of February 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Under normal circumstances, the fund invests at least 80 percent of its net assets in high yield securities. These securities generally include medium grade or below investment grade debt securities or unrated debt securities determined to be of comparable quality, but also may include other securities believed to have the potential for relatively high yield. More on Columbia High Yield
Moving together with Columbia Mutual Fund
| 0.67 | CUSHX | Columbia Ultra Short | PairCorr |
| 0.67 | CUSBX | Columbia Ultra Short | PairCorr |
| 0.8 | CDAZX | Multi Manager Direct | PairCorr |
| 0.61 | CUURX | Columbia Small Cap | 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 High's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Columbia High 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, High Yield Muni Funds, High Yield Muni, Columbia (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of October 2018 |
| Fiscal Year End | May |
Columbia High Yield [CHMCX] is traded in USA and was established 23rd of April 2024. Columbia High is listed under Columbia category by Fama And French industry classification. The fund is listed under High Yield Muni category and is part of Columbia family. This fund currently has accumulated 794.51 M in assets under management (AUM) with no minimum investment requirementsColumbia High Yield is currently producing year-to-date (YTD) return of 0.93% with the current yeild of 0.0%, while the total return for the last 3 years was -3.08%.
Check Columbia High Probability Of Bankruptcy
Instrument Allocation
Top Columbia High Yield Mutual Fund Constituents
| HYD | VanEck High Yield | Etf | High Yield Muni |
Columbia High Target Price Odds Analysis
Based on a normal probability distribution, the odds of Columbia High jumping above the current price in 90 days from now is about 58.18%. The Columbia High Yield probability density function shows the probability of Columbia High mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Columbia High has a beta of 0.1021 suggesting as returns on the market go up, Columbia High average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Columbia High Yield will be expected to be much smaller as well. Additionally, columbia High Yield has an alpha of 0.0063, implying that it can generate a 0.006343 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Columbia High to move above the current price in 90 days from now is about 58.18 (This Columbia High Yield probability density function shows the probability of Columbia Mutual Fund to fall within a particular range of prices over 90 days) .
Columbia High Yield Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Columbia High market risk premium is the additional return an investor will receive from holding Columbia High 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 High. 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 High's alpha and beta are two of the key measurements used to evaluate Columbia High's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.2131 | |||
| Semi Deviation | 0.2432 | |||
| Standard Deviation | 0.315 | |||
| Variance | 0.0992 |
Columbia High Against Markets
Picking the right benchmark for Columbia High 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 High 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 High is critical whether you are bullish or bearish towards Columbia High Yield at a given time. Please also check how Columbia High'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 High 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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Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
How to buy Columbia Mutual Fund?
Before investing in Columbia High, 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 High. To buy Columbia High fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Columbia High. 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 High fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Columbia High Yield 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 High Yield 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 High Yield, 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 High Yield?
The danger of trading Columbia High Yield 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 High 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 High. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Columbia High Yield 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 High Yield. 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 High Yield information on this page should be used as a complementary analysis to other Columbia High'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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.