Columbia Thermostat Fund Market Value
| CTORX Fund | USD 16.69 0.03 0.18% |
| Symbol | Columbia |
Columbia Thermostat '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 Thermostat'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 Thermostat.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Columbia Thermostat on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Thermostat Fund or generate 0.0% return on investment in Columbia Thermostat over 30 days. Columbia Thermostat is related to or competes with Columbia Balanced, Morningstar Unconstrained, Thrivent High, Via Renewables, T Rowe, and 70082LAB3. The fund is primarily managed as a fund that invests in other funds that seeks to achieve its investment objective by in... More
Columbia Thermostat 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 Thermostat'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 Thermostat Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3757 | |||
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 1.63 | |||
| Value At Risk | (0.54) | |||
| Potential Upside | 0.605 |
Columbia Thermostat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Thermostat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Thermostat's standard deviation. In reality, there are many statistical measures that can use Columbia Thermostat historical prices to predict the future Columbia Thermostat's volatility.| Risk Adjusted Performance | 0.028 | |||
| Jensen Alpha | 0.0037 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.29) | |||
| Treynor Ratio | 0.2238 |
Columbia Thermostat Backtested Returns
At this stage we consider Columbia Mutual Fund to be very steady. Columbia Thermostat secures Sharpe Ratio (or Efficiency) of 0.0371, which signifies that the fund had a 0.0371% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Columbia Thermostat Fund, which you can use to evaluate the volatility of the entity. Please confirm Columbia Thermostat's Risk Adjusted Performance of 0.028, mean deviation of 0.2623, and Downside Deviation of 0.3757 to double-check if the risk estimate we provide is consistent with the expected return of 0.012%. The fund shows a Beta (market volatility) of 0.0353, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Columbia Thermostat's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Thermostat is expected to be smaller as well.
Auto-correlation | 0.37 |
Below average predictability
Columbia Thermostat Fund has below average predictability. Overlapping area represents the amount of predictability between Columbia Thermostat time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Thermostat price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Columbia Thermostat price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Columbia Thermostat lagged returns against current returns
Autocorrelation, which is Columbia Thermostat 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 Thermostat's mutual fund expected returns. We can calculate the autocorrelation of Columbia Thermostat returns to help us make a trade decision. For example, suppose you find that Columbia Thermostat 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 Thermostat 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 Thermostat mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Thermostat 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 Thermostat mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Thermostat Lagged Returns
When evaluating Columbia Thermostat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Thermostat mutual fund have on its future price. Columbia Thermostat 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 Thermostat autocorrelation shows the relationship between Columbia Thermostat mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Thermostat Fund.
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 Thermostat 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 Thermostat security.
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