Columbia Greater China Fund Market Value
| NGCAX Fund | USD 32.85 0.63 1.96% |
| Symbol | Columbia |
Columbia Greater '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 Greater'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 Greater.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Columbia Greater on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding Columbia Greater China or generate 0.0% return on investment in Columbia Greater over 450 days. Columbia Greater is related to or competes with Matthews China, Matthews China, Matthews China, Morningstar Unconstrained, Thrivent High, High-yield Municipal, and Via Renewables. Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities of companies who... More
Columbia Greater 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 Greater'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 Greater China upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.2 | |||
| Information Ratio | 0.0126 | |||
| Maximum Drawdown | 15.3 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 4.15 |
Columbia Greater Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Greater's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Greater's standard deviation. In reality, there are many statistical measures that can use Columbia Greater historical prices to predict the future Columbia Greater's volatility.| Risk Adjusted Performance | 0.0583 | |||
| Jensen Alpha | 0.1176 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0137 | |||
| Treynor Ratio | 0.5507 |
Columbia Greater China Backtested Returns
Columbia Greater appears to be very steady, given 3 months investment horizon. Columbia Greater China secures Sharpe Ratio (or Efficiency) of 0.0836, which signifies that the fund had a 0.0836% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Columbia Greater China, which you can use to evaluate the volatility of the entity. Please makes use of Columbia Greater's Downside Deviation of 2.2, risk adjusted performance of 0.0583, and Mean Deviation of 1.6 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Columbia Greater's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Greater is expected to be smaller as well.
Auto-correlation | -0.07 |
Very weak reverse predictability
Columbia Greater China has very weak reverse predictability. Overlapping area represents the amount of predictability between Columbia Greater time series from 4th of September 2023 to 16th of April 2024 and 16th of April 2024 to 27th 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 Greater China price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Columbia Greater price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 5.86 |
Columbia Greater China lagged returns against current returns
Autocorrelation, which is Columbia Greater 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 Greater's mutual fund expected returns. We can calculate the autocorrelation of Columbia Greater returns to help us make a trade decision. For example, suppose you find that Columbia Greater 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 Greater 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 Greater mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Greater 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 Greater mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Greater Lagged Returns
When evaluating Columbia Greater's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Greater mutual fund have on its future price. Columbia Greater 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 Greater autocorrelation shows the relationship between Columbia Greater mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Greater China.
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 Greater 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 Greater security.
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