Columbia India Consumer Etf Market Value
| INCO Etf | USD 68.53 0.21 0.31% |
| Symbol | Columbia |
The market value of Columbia India Consumer is measured differently than its book value, which is the value of Columbia that is recorded on the company's balance sheet. Investors also form their own opinion of Columbia India's value that differs from its market value or its book value, called intrinsic value, which is Columbia India's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Columbia India's market value can be influenced by many factors that don't directly affect Columbia India's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Columbia India's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbia India is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbia India's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Columbia India '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 India's etf 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 India.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Columbia India on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Columbia India Consumer or generate 0.0% return on investment in Columbia India over 720 days. Columbia India is related to or competes with IShares MSCI, IShares India, Invesco India, WisdomTree India, and Franklin FTSE. The fund will invest at least 80 percent of its net assets in Indian consumer companies included in the index and the ad... More
Columbia India 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 India's etf 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 India Consumer upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 3.89 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 1.36 |
Columbia India Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia India's standard deviation. In reality, there are many statistical measures that can use Columbia India historical prices to predict the future Columbia India's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.30) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia India'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 India Consumer Backtested Returns
Columbia India Consumer secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the etf had a -0.14% return per unit of risk over the last 3 months. Columbia India Consumer exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Columbia India's Standard Deviation of 0.8397, mean deviation of 0.6774, and Risk Adjusted Performance of (0.11) to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Columbia India's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia India is expected to be smaller as well.
Auto-correlation | 0.80 |
Very good predictability
Columbia India Consumer has very good predictability. Overlapping area represents the amount of predictability between Columbia India time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 India Consumer price movement. The serial correlation of 0.8 indicates that around 80.0% of current Columbia India price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 33.73 |
Columbia India Consumer lagged returns against current returns
Autocorrelation, which is Columbia India etf'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 India's etf expected returns. We can calculate the autocorrelation of Columbia India returns to help us make a trade decision. For example, suppose you find that Columbia India has exhibited high autocorrelation historically, and you observe that the etf 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 India 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 India etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia India etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Columbia India etf over time.
Current vs Lagged Prices |
| Timeline |
Columbia India Lagged Returns
When evaluating Columbia India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia India etf have on its future price. Columbia India 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 India autocorrelation shows the relationship between Columbia India etf current value and its past values and can show if there is a momentum factor associated with investing in Columbia India Consumer.
Regressed Prices |
| Timeline |
Pair Trading with Columbia India
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Columbia India position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Columbia India will appreciate offsetting losses from the drop in the long position's value.Moving together with Columbia Etf
| 0.99 | INDA | iShares MSCI India | PairCorr |
| 0.97 | EPI | WisdomTree India Earnings | PairCorr |
| 0.93 | INDSX | Financial Investors Trust | PairCorr |
| 0.92 | SMIN | iShares MSCI India | PairCorr |
| 0.98 | PIN | Invesco India ETF | PairCorr |
Moving against Columbia Etf
| 0.84 | IXSE | IXSE | PairCorr |
| 0.72 | VUG | Vanguard Growth Index | PairCorr |
| 0.7 | VB | Vanguard Small Cap | PairCorr |
| 0.69 | VTI | Vanguard Total Stock | PairCorr |
| 0.69 | VO | Vanguard Mid Cap | PairCorr |
The ability to find closely correlated positions to Columbia India could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Columbia India when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Columbia India - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Columbia India Consumer to buy it.
The correlation of Columbia India is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Columbia India moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbia India Consumer moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Columbia India can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Columbia India Correlation, Columbia India Volatility and Columbia India Alpha and Beta module to complement your research on Columbia India. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Columbia India technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.