Columbia Minnesota Tax Exempt Fund Market Value
| CMNZX Fund | USD 19.78 0.03 0.15% |
| Symbol | Columbia |
Columbia Minnesota '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 Minnesota'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 Minnesota.
| 01/01/2025 |
| 03/02/2025 |
If you would invest 0.00 in Columbia Minnesota on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Columbia Minnesota Tax Exempt or generate 0.0% return on investment in Columbia Minnesota over 60 days. Columbia Minnesota is related to or competes with Franklin Adjustable, Aig Government, Lord Abbett, Pace Municipal, Old Westbury, and California Municipal. Under normal market circumstances, the fund invests at least 80 percent of its net assets in municipal obligations that ... More
Columbia Minnesota 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 Minnesota'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 Minnesota Tax Exempt upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0119 | |||
| Maximum Drawdown | 1.28 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 0.4169 |
Columbia Minnesota Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Minnesota's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Minnesota's standard deviation. In reality, there are many statistical measures that can use Columbia Minnesota historical prices to predict the future Columbia Minnesota's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (0.30) |
Columbia Minnesota Tax Backtested Returns
Columbia Minnesota Tax secures Sharpe Ratio (or Efficiency) of -0.0324, which signifies that the fund had a -0.0324 % return per unit of risk over the last 3 months. Columbia Minnesota Tax Exempt exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Columbia Minnesota's Risk Adjusted Performance of (0.04), standard deviation of 0.2933, and Mean Deviation of 0.2042 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0657, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Columbia Minnesota's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Minnesota is expected to be smaller as well.
Auto-correlation | 0.35 |
Below average predictability
Columbia Minnesota Tax Exempt has below average predictability. Overlapping area represents the amount of predictability between Columbia Minnesota time series from 1st of January 2025 to 31st of January 2025 and 31st of January 2025 to 2nd of March 2025. 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 Minnesota Tax price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Columbia Minnesota price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Columbia Minnesota Tax lagged returns against current returns
Autocorrelation, which is Columbia Minnesota 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 Minnesota's mutual fund expected returns. We can calculate the autocorrelation of Columbia Minnesota returns to help us make a trade decision. For example, suppose you find that Columbia Minnesota 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 Minnesota 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 Minnesota mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Minnesota 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 Minnesota mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Minnesota Lagged Returns
When evaluating Columbia Minnesota's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Minnesota mutual fund have on its future price. Columbia Minnesota 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 Minnesota autocorrelation shows the relationship between Columbia Minnesota mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Minnesota Tax Exempt.
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 Minnesota 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 Minnesota security.
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