Columbia Strategic Income Fund Market Value
| CPHUX Fund | USD 20.94 0.02 0.1% |
| Symbol | Columbia |
Columbia Strategic '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 Strategic'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 Strategic.
| 02/11/2024 |
| 05/11/2024 |
If you would invest 0.00 in Columbia Strategic on February 11, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Strategic Income or generate 0.0% return on investment in Columbia Strategic over 90 days. Columbia Strategic is related to or competes with Perkins Small, Goldman Sachs, Amg River, Ab Discovery, Boston Partners, American Century, and Vanguard Small-cap. Under normal circumstances, the fund has substantial exposure to fixed-incomedebt markets More
Columbia Strategic 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 Strategic'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 Strategic Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3021 | |||
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 1.15 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.289 |
Columbia Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Strategic's standard deviation. In reality, there are many statistical measures that can use Columbia Strategic historical prices to predict the future Columbia Strategic's volatility.| Risk Adjusted Performance | 0.0037 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.25) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia Strategic'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 Strategic Income Backtested Returns
We consider Columbia Strategic very steady. Columbia Strategic Income secures Sharpe Ratio (or Efficiency) of 0.0414, which signifies that the fund had a 0.0414% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Columbia Strategic Income, which you can use to evaluate the volatility of the entity. Please confirm Columbia Strategic's Risk Adjusted Performance of 0.0037, downside deviation of 0.3021, and Mean Deviation of 0.1801 to double-check if the risk estimate we provide is consistent with the expected return of 0.0102%. The fund shows a Beta (market volatility) of 0.0412, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Columbia Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Strategic is expected to be smaller as well.
Auto-correlation | -0.31 |
Poor reverse predictability
Columbia Strategic Income has poor reverse predictability. Overlapping area represents the amount of predictability between Columbia Strategic time series from 11th of February 2024 to 27th of March 2024 and 27th of March 2024 to 11th 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 Strategic Income price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Columbia Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Columbia Strategic Income lagged returns against current returns
Autocorrelation, which is Columbia Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of Columbia Strategic returns to help us make a trade decision. For example, suppose you find that Columbia Strategic 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 Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Strategic 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 Strategic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Strategic Lagged Returns
When evaluating Columbia Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Strategic mutual fund have on its future price. Columbia Strategic 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 Strategic autocorrelation shows the relationship between Columbia Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Strategic Income.
Regressed Prices |
| Timeline |
Pair Trading with Columbia Strategic
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 Strategic 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 Strategic will appreciate offsetting losses from the drop in the long position's value.Moving together with Columbia Mutual Fund
| 0.94 | SRINX | Columbia Porate Income | PairCorr |
| 0.83 | CUTRX | Columbia Treasury Index | PairCorr |
The ability to find closely correlated positions to Columbia Strategic 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 Strategic 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 Strategic - 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 Strategic Income to buy it.
The correlation of Columbia Strategic 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 Strategic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbia Strategic Income 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 Strategic 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 Strategic Correlation, Columbia Strategic Volatility and Columbia Strategic Alpha and Beta module to complement your research on Columbia Strategic. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Columbia Strategic 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.