Columbia Modity Strategy Fund Market Value
| CCFYX Fund | USD 10.01 0.09 0.89% |
| Symbol | Columbia |
Columbia Commodity '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 Commodity'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 Commodity.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Columbia Commodity on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Modity Strategy or generate 0.0% return on investment in Columbia Commodity over 30 days. Columbia Commodity is related to or competes with Champlain Mid, Qs Moderate, Mid Cap, Pace Small/medium, Goldman Sachs, L Abbett, and Ftfa Franklin. Under normal circumstances, the fund seeks to maintain substantial economic exposure to the performance of the commoditi... More
Columbia Commodity 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 Commodity'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 Modity Strategy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.87 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 1.38 |
Columbia Commodity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Commodity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Commodity's standard deviation. In reality, there are many statistical measures that can use Columbia Commodity historical prices to predict the future Columbia Commodity's volatility.| Risk Adjusted Performance | 0.026 | |||
| Jensen Alpha | 0.0202 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (0.98) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia Commodity'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 Modity Strategy Backtested Returns
At this stage we consider Columbia Mutual Fund to be very steady. Columbia Modity Strategy secures Sharpe Ratio (or Efficiency) of 0.073, which signifies that the fund had a 0.073% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Columbia Modity Strategy, which you can use to evaluate the volatility of the entity. Please confirm Columbia Commodity's Downside Deviation of 1.01, mean deviation of 0.6754, and Risk Adjusted Performance of 0.026 to double-check if the risk estimate we provide is consistent with the expected return of 0.0625%. The fund shows a Beta (market volatility) of -0.0184, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Columbia Commodity are expected to decrease at a much lower rate. During the bear market, Columbia Commodity is likely to outperform the market.
Auto-correlation | 0.25 |
Poor predictability
Columbia Modity Strategy has poor predictability. Overlapping area represents the amount of predictability between Columbia Commodity time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 Modity Strategy price movement. The serial correlation of 0.25 indicates that over 25.0% of current Columbia Commodity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Columbia Modity Strategy lagged returns against current returns
Autocorrelation, which is Columbia Commodity 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 Commodity's mutual fund expected returns. We can calculate the autocorrelation of Columbia Commodity returns to help us make a trade decision. For example, suppose you find that Columbia Commodity 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 Commodity 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 Commodity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Commodity 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 Commodity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Commodity Lagged Returns
When evaluating Columbia Commodity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Commodity mutual fund have on its future price. Columbia Commodity 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 Commodity autocorrelation shows the relationship between Columbia Commodity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Modity Strategy.
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 Commodity 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 Commodity security.
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