Columbia Amt Free Intermediate Fund Market Value
| LITCX Fund | USD 9.57 0.01 0.10% |
| Symbol | Columbia |
Columbia Amt-free '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 Amt-free'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 Amt-free.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Columbia Amt-free on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Amt Free Intermediate or generate 0.0% return on investment in Columbia Amt-free over 30 days. Columbia Amt-free is related to or competes with Ab Small, Small Pany, Fisher Small, T Rowe, and Baird Small/mid. The fund normally invests at least 80 percent of its net assets in municipal securities that pay interest exempt from U.... More
Columbia Amt-free 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 Amt-free'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 Amt Free Intermediate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2932 | |||
| Information Ratio | (0.86) | |||
| Maximum Drawdown | 0.8421 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.211 |
Columbia Amt-free Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Amt-free's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Amt-free's standard deviation. In reality, there are many statistical measures that can use Columbia Amt-free historical prices to predict the future Columbia Amt-free's volatility.| Risk Adjusted Performance | 0.0082 | |||
| Jensen Alpha | 0.0064 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.44) | |||
| Treynor Ratio | 0.0068 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia Amt-free'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 Amt Free Backtested Returns
At this stage we consider Columbia Mutual Fund to be very steady. Columbia Amt Free secures Sharpe Ratio (or Efficiency) of 0.0445, which signifies that the fund had a 0.0445% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Columbia Amt Free Intermediate, which you can use to evaluate the volatility of the entity. Please confirm Columbia Amt-free's Risk Adjusted Performance of 0.0082, downside deviation of 0.2932, and Mean Deviation of 0.0894 to double-check if the risk estimate we provide is consistent with the expected return of 0.0067%. The fund shows a Beta (market volatility) of -0.0533, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Columbia Amt-free are expected to decrease at a much lower rate. During the bear market, Columbia Amt-free is likely to outperform the market.
Auto-correlation | 0.48 |
Average predictability
Columbia Amt Free Intermediate has average predictability. Overlapping area represents the amount of predictability between Columbia Amt-free 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 Columbia Amt Free price movement. The serial correlation of 0.48 indicates that about 48.0% of current Columbia Amt-free price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Columbia Amt Free lagged returns against current returns
Autocorrelation, which is Columbia Amt-free 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 Amt-free's mutual fund expected returns. We can calculate the autocorrelation of Columbia Amt-free returns to help us make a trade decision. For example, suppose you find that Columbia Amt-free 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 Amt-free 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 Amt-free mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Amt-free 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 Amt-free mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Amt-free Lagged Returns
When evaluating Columbia Amt-free's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Amt-free mutual fund have on its future price. Columbia Amt-free 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 Amt-free autocorrelation shows the relationship between Columbia Amt-free mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Amt Free Intermediate.
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 Amt-free 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 Amt-free security.
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