Columbia New York Fund Market Value
| CNYCX Fund | USD 26.84 0.08 0.30% |
| Symbol | Columbia |
Columbia New '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 New'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 New.
| 03/05/2024 |
| 11/30/2024 |
If you would invest 0.00 in Columbia New on March 5, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia New York or generate 0.0% return on investment in Columbia New over 270 days. Columbia New is related to or competes with Davis Financial, 1919 Financial, John Hancock, Financials Ultrasector, and Fidelity Advisor. The fund normally invests at least 80 percent of its net assets in municipal bonds that pay interest exempt from U.S More
Columbia New 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 New'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 New York upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4103 | |||
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 2.01 | |||
| Value At Risk | (0.53) | |||
| Potential Upside | 0.4471 |
Columbia New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia New's standard deviation. In reality, there are many statistical measures that can use Columbia New historical prices to predict the future Columbia New's volatility.| Risk Adjusted Performance | 0.0306 | |||
| Jensen Alpha | 0.0014 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.29) | |||
| Treynor Ratio | 0.1521 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia New'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 New York Backtested Returns
At this stage we consider Columbia Mutual Fund to be very steady. Columbia New York secures Sharpe Ratio (or Efficiency) of 0.0573, which signifies that the fund had a 0.0573% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Columbia New York, which you can use to evaluate the volatility of the entity. Please confirm Columbia New's Downside Deviation of 0.4103, risk adjusted performance of 0.0306, and Mean Deviation of 0.1972 to double-check if the risk estimate we provide is consistent with the expected return of 0.019%. The fund shows a Beta (market volatility) of 0.0575, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Columbia New's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia New is expected to be smaller as well.
Auto-correlation | -0.33 |
Poor reverse predictability
Columbia New York has poor reverse predictability. Overlapping area represents the amount of predictability between Columbia New time series from 5th of March 2024 to 18th of July 2024 and 18th of July 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 New York price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Columbia New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Columbia New York lagged returns against current returns
Autocorrelation, which is Columbia New 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 New's mutual fund expected returns. We can calculate the autocorrelation of Columbia New returns to help us make a trade decision. For example, suppose you find that Columbia New 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 New 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 New mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia New 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 New mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia New Lagged Returns
When evaluating Columbia New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia New mutual fund have on its future price. Columbia New 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 New autocorrelation shows the relationship between Columbia New mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia New York.
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 New 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 New security.
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