Columbia Floating Rate Fund Market Value
| CFRZX Fund | USD 33.61 0.01 0.03% |
| Symbol | Columbia |
Columbia Floating '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 Floating'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 Floating.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Columbia Floating on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Floating Rate or generate 0.0% return on investment in Columbia Floating over 90 days. Columbia Floating is related to or competes with Columbia Porate, Columbia Ultra, Columbia Ultra, Columbia Treasury, Multi-manager Directional, Columbia Small, and Columbia. Under normal market conditions, at least 80 percent of the funds net assets will be invested in floating rate loans and ... More
Columbia Floating 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 Floating'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 Floating Rate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.0314 | |||
| Information Ratio | (0.71) | |||
| Maximum Drawdown | 0.7273 | |||
| Value At Risk | (0.03) | |||
| Potential Upside | 0.1194 |
Columbia Floating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Floating's standard deviation. In reality, there are many statistical measures that can use Columbia Floating historical prices to predict the future Columbia Floating's volatility.| Risk Adjusted Performance | 0.1688 | |||
| Jensen Alpha | 0.0285 | |||
| Total Risk Alpha | 0.0057 | |||
| Sortino Ratio | (3.15) | |||
| Treynor Ratio | 8.26 |
Columbia Floating Rate Backtested Returns
At this stage we consider Columbia Mutual Fund to be very steady. Columbia Floating Rate secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the fund had a 0.26% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Columbia Floating Rate, which you can use to evaluate the volatility of the entity. Please confirm Columbia Floating's Mean Deviation of 0.062, coefficient of variation of 357.58, and Risk Adjusted Performance of 0.1688 to double-check if the risk estimate we provide is consistent with the expected return of 0.0296%. The fund shows a Beta (market volatility) of 0.0035, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Columbia Floating's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Floating is expected to be smaller as well.
Auto-correlation | 0.71 |
Good predictability
Columbia Floating Rate has good predictability. Overlapping area represents the amount of predictability between Columbia Floating time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 Floating Rate price movement. The serial correlation of 0.71 indicates that around 71.0% of current Columbia Floating price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Columbia Floating Rate lagged returns against current returns
Autocorrelation, which is Columbia Floating 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 Floating's mutual fund expected returns. We can calculate the autocorrelation of Columbia Floating returns to help us make a trade decision. For example, suppose you find that Columbia Floating 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 Floating 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 Floating mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Floating 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 Floating mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Floating Lagged Returns
When evaluating Columbia Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Floating mutual fund have on its future price. Columbia Floating 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 Floating autocorrelation shows the relationship between Columbia Floating mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Floating Rate.
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 Floating 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 Floating security.
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