Columbia Marsico Growth Fund Market Value
| CMRCX Fund | USD 10.07 0.03 0.30% |
| Symbol | Columbia |
Columbia Marsico '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 Marsico'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 Marsico.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Columbia Marsico on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Marsico Growth or generate 0.0% return on investment in Columbia Marsico over 30 days. Columbia Marsico is related to or competes with Vanguard Institutional, Ab Select, Old Westbury, Limited Term, Touchstone Ultra, Rbc Short, and Astor Long/short. The manager utilizes an actively managed merger arbitrage strategy by establishing long and short positions in the secur... More
Columbia Marsico 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 Marsico'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 Marsico Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7142 | |||
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 3.56 | |||
| Value At Risk | (0.50) | |||
| Potential Upside | 0.6061 |
Columbia Marsico Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Marsico's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Marsico's standard deviation. In reality, there are many statistical measures that can use Columbia Marsico historical prices to predict the future Columbia Marsico's volatility.| Risk Adjusted Performance | 0.0268 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 0.0305 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia Marsico'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 Marsico Growth Backtested Returns
At this stage we consider Columbia Mutual Fund to be very steady. Columbia Marsico Growth secures Sharpe Ratio (or Efficiency) of 0.056, which signifies that the fund had a 0.056% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Columbia Marsico Growth, which you can use to evaluate the volatility of the entity. Please confirm Columbia Marsico's Downside Deviation of 0.7142, risk adjusted performance of 0.0268, and Mean Deviation of 0.3016 to double-check if the risk estimate we provide is consistent with the expected return of 0.0278%. The fund shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Columbia Marsico's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Marsico is expected to be smaller as well.
Auto-correlation | -0.21 |
Weak reverse predictability
Columbia Marsico Growth has weak reverse predictability. Overlapping area represents the amount of predictability between Columbia Marsico time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Marsico Growth price movement. The serial correlation of -0.21 indicates that over 21.0% of current Columbia Marsico price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Columbia Marsico Growth lagged returns against current returns
Autocorrelation, which is Columbia Marsico 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 Marsico's mutual fund expected returns. We can calculate the autocorrelation of Columbia Marsico returns to help us make a trade decision. For example, suppose you find that Columbia Marsico 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 Marsico 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 Marsico mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Marsico 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 Marsico mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Marsico Lagged Returns
When evaluating Columbia Marsico's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Marsico mutual fund have on its future price. Columbia Marsico 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 Marsico autocorrelation shows the relationship between Columbia Marsico mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Marsico Growth.
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 Marsico 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 Marsico security.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |