Columbia Pyrford International Fund Market Value
| PISOX Fund | USD 14.61 0.10 0.69% |
| Symbol | Columbia |
Columbia Pyrford '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 Pyrford'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 Pyrford.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Columbia Pyrford on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Pyrford International or generate 0.0% return on investment in Columbia Pyrford over 30 days. Columbia Pyrford is related to or competes with Columbia Ultra, Columbia Integrated, Columbia Integrated, Columbia Integrated, Columbia Integrated, Columbia Select, and Columbia Integrated. The fund invests at least 80 percent of its net assets in equity securities of companies located in countries outside th... More
Columbia Pyrford 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 Pyrford'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 Pyrford International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 3.36 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 0.9247 |
Columbia Pyrford Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Pyrford's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Pyrford's standard deviation. In reality, there are many statistical measures that can use Columbia Pyrford historical prices to predict the future Columbia Pyrford's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.30) |
Columbia Pyrford Int Backtested Returns
Columbia Pyrford Int secures Sharpe Ratio (or Efficiency) of -0.0893, which signifies that the fund had a -0.0893% return per unit of risk over the last 3 months. Columbia Pyrford International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Columbia Pyrford's Standard Deviation of 0.6515, risk adjusted performance of (0.07), and Mean Deviation of 0.5177 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Columbia Pyrford's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Pyrford is expected to be smaller as well.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Columbia Pyrford International has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Columbia Pyrford 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 Pyrford Int price movement. The serial correlation of -0.8 indicates that around 80.0% of current Columbia Pyrford price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Columbia Pyrford Int lagged returns against current returns
Autocorrelation, which is Columbia Pyrford 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 Pyrford's mutual fund expected returns. We can calculate the autocorrelation of Columbia Pyrford returns to help us make a trade decision. For example, suppose you find that Columbia Pyrford 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 Pyrford 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 Pyrford mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Pyrford 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 Pyrford mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Pyrford Lagged Returns
When evaluating Columbia Pyrford's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Pyrford mutual fund have on its future price. Columbia Pyrford 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 Pyrford autocorrelation shows the relationship between Columbia Pyrford mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Pyrford International.
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 Pyrford 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 Pyrford security.
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