Columbia High Yield Fund Market Value
| INEAX Fund | USD 11.03 0.01 0.09% |
| Symbol | Columbia |
Columbia High '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 High'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 High.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Columbia High on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia High Yield or generate 0.0% return on investment in Columbia High over 270 days. Columbia High is related to or competes with Columbia Ultra, Columbia Integrated, Columbia Integrated, Columbia Integrated, Columbia Select, Columbia Integrated, and Columbia Integrated. Under normal market conditions, the fund invests at least 80 percent of its net assets in high-yield debt instruments More
Columbia High 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 High'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 High Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.153 | |||
| Information Ratio | (0.73) | |||
| Maximum Drawdown | 0.7305 | |||
| Value At Risk | (0.18) | |||
| Potential Upside | 0.2737 |
Columbia High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia High's standard deviation. In reality, there are many statistical measures that can use Columbia High historical prices to predict the future Columbia High's volatility.| Risk Adjusted Performance | 0.081 | |||
| Jensen Alpha | 0.0058 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.70) | |||
| Treynor Ratio | 0.2093 |
Columbia High Yield Backtested Returns
At this stage we consider Columbia Mutual Fund to be very steady. Columbia High Yield secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Columbia High Yield, which you can use to evaluate the volatility of the entity. Please confirm Columbia High's Coefficient Of Variation of 623.68, risk adjusted performance of 0.081, and Mean Deviation of 0.1112 to double-check if the risk estimate we provide is consistent with the expected return of 0.0183%. The fund shows a Beta (market volatility) of 0.0652, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Columbia High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia High is expected to be smaller as well.
Auto-correlation | 0.56 |
Modest predictability
Columbia High Yield has modest predictability. Overlapping area represents the amount of predictability between Columbia High time series from 27th of February 2024 to 11th of July 2024 and 11th of July 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 High Yield price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Columbia High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Columbia High Yield lagged returns against current returns
Autocorrelation, which is Columbia High 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 High's mutual fund expected returns. We can calculate the autocorrelation of Columbia High returns to help us make a trade decision. For example, suppose you find that Columbia High 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 High 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 High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia High 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 High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia High Lagged Returns
When evaluating Columbia High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia High mutual fund have on its future price. Columbia High 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 High autocorrelation shows the relationship between Columbia High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia High Yield.
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 High 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 High security.
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