Columbia Convertible Securities Fund Market Value
| NCIDX Fund | 22.60 0.23 1.03% |
| Symbol | Columbia |
Columbia Convertible '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 Convertible'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 Convertible.
| 12/23/2024 |
| 01/22/2025 |
If you would invest 0.00 in Columbia Convertible on December 23, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Convertible Securities or generate 0.0% return on investment in Columbia Convertible over 30 days.
Columbia Convertible 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 Convertible'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 Convertible Securities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6462 | |||
| Information Ratio | 0.0951 | |||
| Maximum Drawdown | 3.3 | |||
| Value At Risk | (0.76) | |||
| Potential Upside | 1.03 |
Columbia Convertible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Convertible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Convertible's standard deviation. In reality, there are many statistical measures that can use Columbia Convertible historical prices to predict the future Columbia Convertible's volatility.| Risk Adjusted Performance | 0.1241 | |||
| Jensen Alpha | 0.0795 | |||
| Total Risk Alpha | 0.0663 | |||
| Sortino Ratio | 0.0928 | |||
| Treynor Ratio | 0.3768 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia Convertible'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 Convertible Backtested Returns
At this stage we consider Columbia Mutual Fund to be very steady. Columbia Convertible secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the fund had a 0.15 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Columbia Convertible Securities, which you can use to evaluate the volatility of the entity. Please confirm Columbia Convertible's Risk Adjusted Performance of 0.1241, downside deviation of 0.6462, and Mean Deviation of 0.4913 to double-check if the risk estimate we provide is consistent with the expected return of 0.0953%. The fund shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Columbia Convertible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Convertible is expected to be smaller as well.
Auto-correlation | 0.43 |
Average predictability
Columbia Convertible Securities has average predictability. Overlapping area represents the amount of predictability between Columbia Convertible time series from 23rd of December 2024 to 7th of January 2025 and 7th of January 2025 to 22nd of January 2025. 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 Convertible price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Columbia Convertible price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Columbia Convertible lagged returns against current returns
Autocorrelation, which is Columbia Convertible 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 Convertible's mutual fund expected returns. We can calculate the autocorrelation of Columbia Convertible returns to help us make a trade decision. For example, suppose you find that Columbia Convertible 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 Convertible 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 Convertible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Convertible 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 Convertible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Convertible Lagged Returns
When evaluating Columbia Convertible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Convertible mutual fund have on its future price. Columbia Convertible 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 Convertible autocorrelation shows the relationship between Columbia Convertible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Convertible Securities.
Regressed Prices |
| Timeline |
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