Columbia Limited Duration Fund Market Value
| CLDZX Fund | USD 9.60 0.01 0.10% |
| Symbol | Columbia |
Columbia Limited '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 Limited'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 Limited.
| 03/23/2024 |
| 04/22/2024 |
If you would invest 0.00 in Columbia Limited on March 23, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Limited Duration or generate 0.0% return on investment in Columbia Limited over 30 days. Columbia Limited is related to or competes with Columbia Porate, Columbia Ultra, Columbia Ultra, Columbia Treasury, Multi Manager, Columbia Small, and Columbia. Under normal circumstances, the fund invests at least 80 percent of its net assets in corporate bonds More
Columbia Limited 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 Limited'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 Limited Duration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.51) | |||
| Maximum Drawdown | 1.04 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.2086 |
Columbia Limited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Limited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Limited's standard deviation. In reality, there are many statistical measures that can use Columbia Limited historical prices to predict the future Columbia Limited's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia Limited'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 Limited Duration Backtested Returns
Columbia Limited Duration secures Sharpe Ratio (or Efficiency) of -0.0088, which signifies that the fund had a -0.0088% return per unit of risk over the last 3 months. Columbia Limited Duration exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Columbia Limited's Standard Deviation of 0.1692, risk adjusted performance of (0.03), and Mean Deviation of 0.1214 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0903, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Columbia Limited's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Limited is expected to be smaller as well.
Auto-correlation | -0.32 |
Poor reverse predictability
Columbia Limited Duration has poor reverse predictability. Overlapping area represents the amount of predictability between Columbia Limited time series from 23rd of March 2024 to 7th of April 2024 and 7th of April 2024 to 22nd of April 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 Limited Duration price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Columbia Limited price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Columbia Limited Duration lagged returns against current returns
Autocorrelation, which is Columbia Limited 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 Limited's mutual fund expected returns. We can calculate the autocorrelation of Columbia Limited returns to help us make a trade decision. For example, suppose you find that Columbia Limited 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 Limited 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 Limited mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Limited 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 Limited mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Limited Lagged Returns
When evaluating Columbia Limited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Limited mutual fund have on its future price. Columbia Limited 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 Limited autocorrelation shows the relationship between Columbia Limited mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Limited Duration.
Regressed Prices |
| Timeline |
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 Limited 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 Limited's short interest history, or implied volatility extrapolated from Columbia Limited options trading.
Pair Trading with Columbia Limited
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 Limited 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 Limited will appreciate offsetting losses from the drop in the long position's value.Moving together with Columbia Mutual Fund
| 0.82 | SRINX | Columbia Porate Me | PairCorr |
| 0.63 | CUTRX | Columbia Treasury Index | PairCorr |
The ability to find closely correlated positions to Columbia Limited 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 Limited 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 Limited - 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 Limited Duration to buy it.
The correlation of Columbia Limited 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 Limited moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbia Limited Duration 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 Limited 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 Limited Correlation, Columbia Limited Volatility and Columbia Limited Alpha and Beta module to complement your research on Columbia Limited. Note that the Columbia Limited Duration information on this page should be used as a complementary analysis to other Columbia Limited'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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Columbia Limited 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.