Columbia Income Builder Fund Market Value
| CNMRX Fund | USD 11.84 0.00 0.00% |
| Symbol | Columbia |
Columbia Income '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 Income'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 Income.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Columbia Income on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Income Builder or generate 0.0% return on investment in Columbia Income over 30 days. Columbia Income is related to or competes with Eventide Healthcare, Lord Abbett, Prudential Health, Baillie Gifford, Invesco Global, The Hartford, and Health Biotchnology. The fund is a fund of funds and seeks to achieve its objective by investing in a combination of underlying funds, includ... More
Columbia Income 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 Income'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 Income Builder upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2929 | |||
| Information Ratio | (0.51) | |||
| Maximum Drawdown | 1.1 | |||
| Value At Risk | (0.42) | |||
| Potential Upside | 0.4191 |
Columbia Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Income's standard deviation. In reality, there are many statistical measures that can use Columbia Income historical prices to predict the future Columbia Income's volatility.| Risk Adjusted Performance | 2.0E-4 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.45) | |||
| Treynor Ratio | (0.18) |
Columbia Income Builder Backtested Returns
At this stage we consider Columbia Mutual Fund to be very steady. Columbia Income Builder secures Sharpe Ratio (or Efficiency) of 0.0329, which signifies that the fund had a 0.0329% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Columbia Income Builder, which you can use to evaluate the volatility of the entity. Please confirm Columbia Income's Downside Deviation of 0.2929, mean deviation of 0.1969, and Risk Adjusted Performance of 2.0E-4 to double-check if the risk estimate we provide is consistent with the expected return of 0.0087%. The fund shows a Beta (market volatility) of 0.018, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Columbia Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Income is expected to be smaller as well.
Auto-correlation | 0.91 |
Excellent predictability
Columbia Income Builder has excellent predictability. Overlapping area represents the amount of predictability between Columbia Income time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Income Builder price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Columbia Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Columbia Income Builder lagged returns against current returns
Autocorrelation, which is Columbia Income 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 Income's mutual fund expected returns. We can calculate the autocorrelation of Columbia Income returns to help us make a trade decision. For example, suppose you find that Columbia Income 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 Income 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 Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Income 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 Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Income Lagged Returns
When evaluating Columbia Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Income mutual fund have on its future price. Columbia Income 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 Income autocorrelation shows the relationship between Columbia Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Income Builder.
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 Income 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 Income security.
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