Columbia Strategic Municipal Fund Market Value
RTCEX Fund | USD 14.89 0.03 0.20% |
Symbol | Columbia |
Columbia Strategic '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 Strategic'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 Strategic.
01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Columbia Strategic on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Columbia Strategic Municipal or generate 0.0% return on investment in Columbia Strategic over 30 days. Columbia Strategic is related to or competes with Transamerica Financial, Gabelli Global, and John Hancock. Under normal market conditions, the fund will invest at least 80 percent of its net assets in bonds and other debt oblig... More
Columbia Strategic 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 Strategic'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 Strategic Municipal upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.4285 | |||
Information Ratio | 0.0096 | |||
Maximum Drawdown | 1.69 | |||
Value At Risk | (0.60) | |||
Potential Upside | 0.5362 |
Columbia Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Strategic's standard deviation. In reality, there are many statistical measures that can use Columbia Strategic historical prices to predict the future Columbia Strategic's volatility.Risk Adjusted Performance | 0.0023 | |||
Jensen Alpha | (0) | |||
Total Risk Alpha | (0.0005) | |||
Sortino Ratio | 0.0072 | |||
Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia Strategic'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 Strategic Backtested Returns
Columbia Strategic secures Sharpe Ratio (or Efficiency) of -0.0368, which signifies that the fund had a -0.0368 % return per unit of risk over the last 3 months. Columbia Strategic Municipal exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Columbia Strategic's Mean Deviation of 0.2308, risk adjusted performance of 0.0023, and Downside Deviation of 0.4285 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0585, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Columbia Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Strategic is expected to be smaller as well.
Auto-correlation | 0.81 |
Very good predictability
Columbia Strategic Municipal has very good predictability. Overlapping area represents the amount of predictability between Columbia Strategic time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 Strategic price movement. The serial correlation of 0.81 indicates that around 81.0% of current Columbia Strategic price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.81 | |
Spearman Rank Test | 0.85 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Columbia Strategic lagged returns against current returns
Autocorrelation, which is Columbia Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of Columbia Strategic returns to help us make a trade decision. For example, suppose you find that Columbia Strategic 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 Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Strategic 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 Strategic mutual fund over time.
Current vs Lagged Prices |
Timeline |
Columbia Strategic Lagged Returns
When evaluating Columbia Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Strategic mutual fund have on its future price. Columbia Strategic 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 Strategic autocorrelation shows the relationship between Columbia Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Strategic Municipal.
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 Strategic 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 Strategic security.
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