Columbia Amt Free Oregon Fund Market Value
| COEAX Fund | USD 11.58 0.01 0.09% |
| Symbol | Columbia |
Columbia Amt-free '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 Amt-free'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 Amt-free.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Columbia Amt-free on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding Columbia Amt Free Oregon or generate 0.0% return on investment in Columbia Amt-free over 390 days. Columbia Amt-free is related to or competes with Ishares Municipal, Nuveen All-american, T Rowe, Nuveen Minnesota, T Rowe, Oklahoma Municipal, and The National. Under normal circumstances, the fund invests at least 80 percent of its net assets in municipal securities issued by the State of Oregon and its political subdivisions, agencies, authorities and instrumentalities. More
Columbia Amt-free 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 Amt-free'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 Amt Free Oregon upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2303 | |||
| Information Ratio | (0.85) | |||
| Maximum Drawdown | 0.8626 | |||
| Value At Risk | (0.17) | |||
| Potential Upside | 0.1738 |
Columbia Amt-free Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Amt-free's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Amt-free's standard deviation. In reality, there are many statistical measures that can use Columbia Amt-free historical prices to predict the future Columbia Amt-free's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.57) | |||
| Treynor Ratio | (0.35) |
Columbia Amt Free Backtested Returns
Columbia Amt Free secures Sharpe Ratio (or Efficiency) of -0.008, which signifies that the fund had a -0.008% return per unit of risk over the last 3 months. Columbia Amt Free Oregon exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Columbia Amt-free's Mean Deviation of 0.0916, downside deviation of 0.2303, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0286, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Columbia Amt-free's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Amt-free is expected to be smaller as well.
Auto-correlation | 0.70 |
Good predictability
Columbia Amt Free Oregon has good predictability. Overlapping area represents the amount of predictability between Columbia Amt-free time series from 30th of October 2023 to 12th of May 2024 and 12th of May 2024 to 23rd 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 Amt Free price movement. The serial correlation of 0.7 indicates that around 70.0% of current Columbia Amt-free price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Columbia Amt Free lagged returns against current returns
Autocorrelation, which is Columbia Amt-free 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 Amt-free's mutual fund expected returns. We can calculate the autocorrelation of Columbia Amt-free returns to help us make a trade decision. For example, suppose you find that Columbia Amt-free 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 Amt-free 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 Amt-free mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Amt-free 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 Amt-free mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Amt-free Lagged Returns
When evaluating Columbia Amt-free's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Amt-free mutual fund have on its future price. Columbia Amt-free 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 Amt-free autocorrelation shows the relationship between Columbia Amt-free mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Amt Free Oregon.
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 Amt-free 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 Amt-free security.
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