Columbia Overseas Value Fund Market Value
| COCVX Fund | USD 10.37 0.02 0.19% |
| Symbol | Columbia |
Columbia Overseas '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 Overseas' 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 Overseas.
| 01/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Columbia Overseas on January 20, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Overseas Value or generate 0.0% return on investment in Columbia Overseas over 90 days. Columbia Overseas is related to or competes with Columbia Porate, Columbia Ultra, Columbia Ultra, Columbia Treasury, Multi Manager, Columbia Small, and Columbia Treasury. Under normal circumstances, the fund invests at least 80 percent of total assets in equity securities of foreign compani... More
Columbia Overseas 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 Overseas' 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 Overseas Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7431 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 2.86 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 0.9728 |
Columbia Overseas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Overseas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Overseas' standard deviation. In reality, there are many statistical measures that can use Columbia Overseas historical prices to predict the future Columbia Overseas' volatility.| Risk Adjusted Performance | 0.0093 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia Overseas' 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 Overseas Value Backtested Returns
We consider Columbia Overseas very steady. Columbia Overseas Value secures Sharpe Ratio (or Efficiency) of 0.0179, which signifies that the fund had a 0.0179% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Columbia Overseas Value, which you can use to evaluate the volatility of the entity. Please confirm Columbia Overseas' Risk Adjusted Performance of 0.0093, mean deviation of 0.4776, and Downside Deviation of 0.7431 to double-check if the risk estimate we provide is consistent with the expected return of 0.0111%. The fund shows a Beta (market volatility) of 0.74, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Columbia Overseas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Overseas is expected to be smaller as well.
Auto-correlation | -0.41 |
Modest reverse predictability
Columbia Overseas Value has modest reverse predictability. Overlapping area represents the amount of predictability between Columbia Overseas time series from 20th of January 2024 to 5th of March 2024 and 5th of March 2024 to 19th 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 Overseas Value price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Columbia Overseas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Columbia Overseas Value lagged returns against current returns
Autocorrelation, which is Columbia Overseas 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 Overseas' mutual fund expected returns. We can calculate the autocorrelation of Columbia Overseas returns to help us make a trade decision. For example, suppose you find that Columbia Overseas 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 Overseas 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 Overseas mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Overseas 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 Overseas mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Overseas Lagged Returns
When evaluating Columbia Overseas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Overseas mutual fund have on its future price. Columbia Overseas 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 Overseas autocorrelation shows the relationship between Columbia Overseas mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Overseas Value.
Regressed Prices |
| Timeline |
Pair Trading with Columbia Overseas
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 Overseas 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 Overseas will appreciate offsetting losses from the drop in the long position's value.Moving together with Columbia Mutual Fund
| 0.64 | CUSHX | Columbia Ultra Short | PairCorr |
| 0.64 | CUSBX | Columbia Ultra Short | PairCorr |
| 0.79 | CDAZX | Multi Manager Direct | PairCorr |
The ability to find closely correlated positions to Columbia Overseas 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 Overseas 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 Overseas - 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 Overseas Value to buy it.
The correlation of Columbia Overseas 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 Overseas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbia Overseas Value 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 Overseas 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 Overseas Correlation, Columbia Overseas Volatility and Columbia Overseas Alpha and Beta module to complement your research on Columbia Overseas. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Columbia Overseas 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.