Multi Manager Growth Strategies Fund Market Value
| CZMGX Fund | USD 21.65 0.19 0.89% |
| Symbol | Multi-manager |
Multi-manager Growth '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 Multi-manager Growth'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 Multi-manager Growth.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Multi-manager Growth on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Multi Manager Growth Strategies or generate 0.0% return on investment in Multi-manager Growth over 30 days. Multi-manager Growth is related to or competes with Columbia Porate, Columbia Ultra, Columbia Ultra, Columbia Treasury, Multi-manager Directional, Columbia Small, and Columbia. The fund invests primarily in common stocks of companies believed to have the potential for long-term growth More
Multi-manager Growth 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 Multi-manager Growth'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 Multi Manager Growth Strategies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | 0.0241 | |||
| Maximum Drawdown | 4.89 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 1.56 |
Multi-manager Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Multi-manager Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Multi-manager Growth's standard deviation. In reality, there are many statistical measures that can use Multi-manager Growth historical prices to predict the future Multi-manager Growth's volatility.| Risk Adjusted Performance | 0.1238 | |||
| Jensen Alpha | 0.0367 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0203 | |||
| Treynor Ratio | 0.1681 |
Multi Manager Growth Backtested Returns
Multi-manager Growth appears to be very steady, given 3 months investment horizon. Multi Manager Growth has Sharpe Ratio of 0.21, which conveys that the entity had a 0.21% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Multi-manager Growth, which you can use to evaluate the volatility of the fund. Please exercise Multi-manager Growth's Downside Deviation of 1.21, mean deviation of 0.7173, and Risk Adjusted Performance of 0.1238 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 0.91, which conveys possible diversification benefits within a given portfolio. Multi-manager Growth returns are very sensitive to returns on the market. As the market goes up or down, Multi-manager Growth is expected to follow.
Auto-correlation | 0.81 |
Very good predictability
Multi Manager Growth Strategies has very good predictability. Overlapping area represents the amount of predictability between Multi-manager Growth 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 Multi Manager Growth price movement. The serial correlation of 0.81 indicates that around 81.0% of current Multi-manager Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Multi Manager Growth lagged returns against current returns
Autocorrelation, which is Multi-manager Growth 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 Multi-manager Growth's mutual fund expected returns. We can calculate the autocorrelation of Multi-manager Growth returns to help us make a trade decision. For example, suppose you find that Multi-manager Growth 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 |
Multi-manager Growth 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 Multi-manager Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Multi-manager Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Multi-manager Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Multi-manager Growth Lagged Returns
When evaluating Multi-manager Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Multi-manager Growth mutual fund have on its future price. Multi-manager Growth 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, Multi-manager Growth autocorrelation shows the relationship between Multi-manager Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Multi Manager Growth Strategies.
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 Multi-manager Mutual Fund
Multi-manager Growth financial ratios help investors to determine whether Multi-manager 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 Multi-manager with respect to the benefits of owning Multi-manager Growth security.
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