Columbia Capital Allocation Fund Market Value
| NBIAX Fund | USD 12.27 0.03 0.25% |
| Symbol | COLUMBIA |
Columbia Capital '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 Capital'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 Capital.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Columbia Capital on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Capital Allocation or generate 0.0% return on investment in Columbia Capital over 180 days. Columbia Capital is related to or competes with Delaware Healthcare, Invesco Global, Baillie Gifford, Eventide Healthcare, Alphacentric Lifesci, Allianzgi Health, and Baron Health. The fund is a fund of funds that seeks to achieve its investment objective by investing under normal circumstances in a ... More
Columbia Capital 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 Capital'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 Capital Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6022 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 2.41 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 0.9159 |
Columbia Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Capital's standard deviation. In reality, there are many statistical measures that can use Columbia Capital historical prices to predict the future Columbia Capital's volatility.| Risk Adjusted Performance | 0.0578 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 0.0618 |
Columbia Capital All Backtested Returns
At this stage we consider COLUMBIA Mutual Fund to be very steady. Columbia Capital All secures Sharpe Ratio (or Efficiency) of 0.0618, which signifies that the fund had a 0.0618% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Columbia Capital Allocation, which you can use to evaluate the volatility of the entity. Please confirm Columbia Capital's Mean Deviation of 0.3964, downside deviation of 0.6022, and Risk Adjusted Performance of 0.0578 to double-check if the risk estimate we provide is consistent with the expected return of 0.0317%. The fund shows a Beta (market volatility) of 0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Columbia Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Capital is expected to be smaller as well.
Auto-correlation | 0.58 |
Modest predictability
Columbia Capital Allocation has modest predictability. Overlapping area represents the amount of predictability between Columbia Capital time series from 27th of May 2024 to 25th of August 2024 and 25th of August 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 Capital All price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Columbia Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Columbia Capital All lagged returns against current returns
Autocorrelation, which is Columbia Capital 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 Capital's mutual fund expected returns. We can calculate the autocorrelation of Columbia Capital returns to help us make a trade decision. For example, suppose you find that Columbia Capital 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 Capital 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 Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Capital 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 Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Capital Lagged Returns
When evaluating Columbia Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Capital mutual fund have on its future price. Columbia Capital 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 Capital autocorrelation shows the relationship between Columbia Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Capital Allocation.
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 Capital 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 Capital security.
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