Columbia Capital Allocation Fund Market Value
| CPDHX Fund | USD 8.70 0.02 0.23% |
| Symbol | Columbia |
Columbia Capital '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 Capital'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 Capital.
| 04/25/2023 |
| 04/19/2024 |
If you would invest 0.00 in Columbia Capital on April 25, 2023 and sell it all today you would earn a total of 0.00 from holding Columbia Capital Allocation or generate 0.0% return on investment in Columbia Capital over 360 days. Columbia Capital is related to or competes with Columbia Porate, Columbia Ultra, Columbia Ultra, Columbia Treasury, Multi Manager, Columbia Small, and Columbia Treasury. The fund is a fund of funds that seeks to achieve its investment objective by investing under normal circumstances in a ... More
Columbia Capital 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 Capital'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 Capital Allocation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 2.24 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 0.4587 |
Columbia Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Capital's standard deviation. In reality, there are many statistical measures that can use Columbia Capital historical prices to predict the future Columbia Capital's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia Capital'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 Capital All Backtested Returns
Columbia Capital All secures Sharpe Ratio (or Efficiency) of -0.0256, which signifies that the fund had a -0.0256% return per unit of risk over the last 3 months. Columbia Capital Allocation exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Columbia Capital's Standard Deviation of 0.3934, mean deviation of 0.2842, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Columbia Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Capital is expected to be smaller as well.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Columbia Capital Allocation has insignificant reverse predictability. Overlapping area represents the amount of predictability between Columbia Capital time series from 25th of April 2023 to 22nd of October 2023 and 22nd of October 2023 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 Capital All price movement. The serial correlation of -0.18 indicates that over 18.0% of current Columbia Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Columbia Capital All lagged returns against current returns
Autocorrelation, which is Columbia Capital 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 Capital's mutual fund expected returns. We can calculate the autocorrelation of Columbia Capital returns to help us make a trade decision. For example, suppose you find that Columbia Capital 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 Capital 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 Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Capital 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 Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Capital Lagged Returns
When evaluating Columbia Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Capital mutual fund have on its future price. Columbia Capital 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 Capital autocorrelation shows the relationship between Columbia Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Capital Allocation.
Regressed Prices |
| Timeline |
Pair Trading with Columbia Capital
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 Capital 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 Capital will appreciate offsetting losses from the drop in the long position's value.Moving together with Columbia Mutual Fund
| 0.72 | SRINX | Columbia Porate Me | PairCorr |
| 0.75 | CDAZX | Multi Manager Direct | PairCorr |
The ability to find closely correlated positions to Columbia Capital 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 Capital 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 Capital - 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 Capital Allocation to buy it.
The correlation of Columbia Capital 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 Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbia Capital All 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 Capital 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 Capital Correlation, Columbia Capital Volatility and Columbia Capital Alpha and Beta module to complement your research on Columbia Capital. Note that the Columbia Capital All information on this page should be used as a complementary analysis to other Columbia Capital'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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Columbia Capital 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.