Columbia ETF Financials
| NJNK Etf | 20.09 0.03 0.15% |
Columbia |
The data published in Columbia ETF's official financial statements typically reflect Columbia ETF's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Columbia ETF's quantitative information. For example, before you start analyzing numbers published by Columbia accountants, it's essential to understand Columbia ETF's liquidity, profitability, and earnings quality within the context of the High Yield Bond space in which it operates.
| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| CUSIP | 19761L839 |
| Region | North America |
| Investment Issuer | Columbia |
| Fund Category | Corporate |
| Portfolio Concentration | High Yield |
| Benchmark | Dow Jones Industrial |
Columbia ETF Trust Systematic Risk
Columbia ETF's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Columbia ETF volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Columbia ETF Trust correlated with the market. If Beta is less than 0 Columbia ETF generally moves in the opposite direction as compared to the market. If Columbia ETF Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Columbia ETF Trust is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Columbia ETF is generally in the same direction as the market. If Beta > 1 Columbia ETF moves generally in the same direction as, but more than the movement of the benchmark.
Columbia ETF Thematic Clasifications
Columbia ETF Trust is part of several thematic ideas from High Yield ETFs to Corporate ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasColumbia ETF February 1, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Columbia ETF help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Columbia ETF Trust. We use our internally-developed statistical techniques to arrive at the intrinsic value of Columbia ETF Trust based on widely used predictive technical indicators. In general, we focus on analyzing Columbia Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Columbia ETF's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.2897 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 1.36 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.4044 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Columbia ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Columbia Etf please use our How to buy in Columbia Etf guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
The market value of Columbia ETF Trust is measured differently than its book value, which is the value of Columbia that is recorded on the company's balance sheet. Investors also form their own opinion of Columbia ETF's value that differs from its market value or its book value, called intrinsic value, which is Columbia ETF's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Columbia ETF's market value can be influenced by many factors that don't directly affect Columbia ETF's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Columbia ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbia ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbia ETF's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.