Columbia Ultra Short Fund Market Value
| CUSBX Fund | USD 9.26 0.00 0.00% |
| Symbol | Columbia |
Columbia Ultra '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 Ultra'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 Ultra.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Columbia Ultra on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Ultra Short or generate 0.0% return on investment in Columbia Ultra over 30 days. Columbia Ultra is related to or competes with Touchstone Large, Enhanced, Goldman Sachs, Tax-managed, Legg Mason, Qs Us, and T Rowe. Under normal circumstances, the fund invests at least 80 percent of its net assets in a diversified portfolio of domesti... More
Columbia Ultra 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 Ultra'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 Ultra Short upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.11) | |||
| Maximum Drawdown | 0.6571 | |||
| Potential Upside | 0.1091 |
Columbia Ultra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Ultra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Ultra's standard deviation. In reality, there are many statistical measures that can use Columbia Ultra historical prices to predict the future Columbia Ultra's volatility.| Risk Adjusted Performance | 0.1142 | |||
| Jensen Alpha | 0.0161 | |||
| Total Risk Alpha | (0) | |||
| Treynor Ratio | (0.53) |
Columbia Ultra Short Backtested Returns
At this stage we consider Columbia Mutual Fund to be very steady. Columbia Ultra Short secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the fund had a 0.24% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Columbia Ultra Short, which you can use to evaluate the volatility of the entity. Please confirm Columbia Ultra's Standard Deviation of 0.0967, risk adjusted performance of 0.1142, and Mean Deviation of 0.0454 to double-check if the risk estimate we provide is consistent with the expected return of 0.0235%. The fund shows a Beta (market volatility) of -0.0246, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Columbia Ultra are expected to decrease at a much lower rate. During the bear market, Columbia Ultra is likely to outperform the market.
Auto-correlation | -92,233,720,368,547,760 |
Near perfect reversele predictability
Columbia Ultra Short has near perfect reversele predictability. Overlapping area represents the amount of predictability between Columbia Ultra time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Ultra Short price movement. The serial correlation of -9.223372036854776E16 indicates that 9.223372036854776E16% of current Columbia Ultra price fluctuation can be explain by its past prices.
| Correlation Coefficient | -92233.7 T | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Columbia Ultra Short lagged returns against current returns
Autocorrelation, which is Columbia Ultra 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 Ultra's mutual fund expected returns. We can calculate the autocorrelation of Columbia Ultra returns to help us make a trade decision. For example, suppose you find that Columbia Ultra 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 Ultra 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 Ultra mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Ultra 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 Ultra mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Ultra Lagged Returns
When evaluating Columbia Ultra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Ultra mutual fund have on its future price. Columbia Ultra 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 Ultra autocorrelation shows the relationship between Columbia Ultra mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Ultra Short.
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 Ultra 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 Ultra security.
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