Columbia Government Mortgage Fund Market Value
| AUGCX Fund | USD 17.95 0.08 0.45% |
| Symbol | Columbia |
Columbia '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'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.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Columbia on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Government Mortgage or generate 0.0% return on investment in Columbia over 30 days. Columbia is related to or competes with Columbia Ultra, Columbia Integrated, Columbia Integrated, Columbia Integrated, Columbia Select, Columbia Integrated, and Columbia Integrated. Under normal circumstances, at least 80 percent of the funds net assets are invested in mortgage-related securities More
Columbia 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'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 Government Mortgage upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.39) | |||
| Maximum Drawdown | 2.12 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 0.7077 |
Columbia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia's standard deviation. In reality, there are many statistical measures that can use Columbia historical prices to predict the future Columbia's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 0.4533 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia'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 Government Backtested Returns
Columbia Government secures Sharpe Ratio (or Efficiency) of -0.0834, which signifies that the fund had a -0.0834% return per unit of risk over the last 3 months. Columbia Government Mortgage exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Columbia's Standard Deviation of 0.4267, risk adjusted performance of (0.06), and Mean Deviation of 0.3183 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0828, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Columbia are expected to decrease at a much lower rate. During the bear market, Columbia is likely to outperform the market.
Auto-correlation | -0.4 |
Poor reverse predictability
Columbia Government Mortgage has poor reverse predictability. Overlapping area represents the amount of predictability between Columbia time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Government price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Columbia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Columbia Government lagged returns against current returns
Autocorrelation, which is Columbia 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's mutual fund expected returns. We can calculate the autocorrelation of Columbia returns to help us make a trade decision. For example, suppose you find that Columbia 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia 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 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Lagged Returns
When evaluating Columbia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia mutual fund have on its future price. Columbia 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 autocorrelation shows the relationship between Columbia mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Government Mortgage.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Columbia Mutual Fund
Columbia financial ratios help investors to determine whether Columbia Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Columbia with respect to the benefits of owning Columbia security.
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