Columbia Acorn European Fund Market Value
| CAEAX Fund | USD 25.14 0.25 1.00% |
| Symbol | Columbia |
Columbia Acorn '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 Acorn'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 Acorn.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Columbia Acorn on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Acorn European or generate 0.0% return on investment in Columbia Acorn over 180 days. Columbia Acorn is related to or competes with Morgan Stanley, Columbia Emerging, Columbia Mortgage, Columbia Small, and Columbia Dividend. The fund normally invests at least 80 percent of its net assets in European companies More
Columbia Acorn 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 Acorn'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 Acorn European upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 4.54 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 1.38 |
Columbia Acorn Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Acorn's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Acorn's standard deviation. In reality, there are many statistical measures that can use Columbia Acorn historical prices to predict the future Columbia Acorn's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.22) |
Columbia Acorn European Backtested Returns
Columbia Acorn European secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the fund had a -0.11% return per unit of risk over the last 3 months. Columbia Acorn European exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Columbia Acorn's Risk Adjusted Performance of (0.08), mean deviation of 0.8005, and Standard Deviation of 1.0 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.55, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Columbia Acorn's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Acorn is expected to be smaller as well.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Columbia Acorn European has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Columbia Acorn time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 Acorn European price movement. The serial correlation of -0.71 indicates that around 71.0% of current Columbia Acorn price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.9 |
Columbia Acorn European lagged returns against current returns
Autocorrelation, which is Columbia Acorn 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 Acorn's mutual fund expected returns. We can calculate the autocorrelation of Columbia Acorn returns to help us make a trade decision. For example, suppose you find that Columbia Acorn 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 Acorn 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 Acorn mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Acorn 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 Acorn mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Acorn Lagged Returns
When evaluating Columbia Acorn's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Acorn mutual fund have on its future price. Columbia Acorn 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 Acorn autocorrelation shows the relationship between Columbia Acorn mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Acorn European.
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 Acorn 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 Acorn security.
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