Columbia Seligman Premium Etf Market Value
| STK Etf | USD 33.84 0.37 1.11% |
| Symbol | Columbia |
The market value of Columbia Seligman Premium is measured differently than its book value, which is the value of Columbia that is recorded on the company's balance sheet. Investors also form their own opinion of Columbia Seligman's value that differs from its market value or its book value, called intrinsic value, which is Columbia Seligman's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Columbia Seligman's market value can be influenced by many factors that don't directly affect Columbia Seligman's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Columbia Seligman's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbia Seligman is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbia Seligman's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Columbia Seligman '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 Seligman's etf 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 Seligman.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Columbia Seligman on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Seligman Premium or generate 0.0% return on investment in Columbia Seligman over 30 days. Columbia Seligman is related to or competes with Eaton Vance, BlackRock Utility, BlackRock Health, BlackRock Science, BlackRock Health, Eaton Vance, and Eaton Vance. Columbia Seligman Premium Technology Growth Fund is a closed ended equity mutual fund launched and managed by Columbia M... More
Columbia Seligman 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 Seligman's etf 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 Seligman Premium upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.18 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 1.61 |
Columbia Seligman Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Seligman's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Seligman's standard deviation. In reality, there are many statistical measures that can use Columbia Seligman historical prices to predict the future Columbia Seligman's volatility.| Risk Adjusted Performance | 0.0631 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0819 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia Seligman'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 Seligman Premium Backtested Returns
As of now, Columbia Etf is very steady. Columbia Seligman Premium secures Sharpe Ratio (or Efficiency) of 0.0912, which signifies that the etf had a 0.0912% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Columbia Seligman Premium, which you can use to evaluate the volatility of the entity. Please confirm Columbia Seligman's Downside Deviation of 1.12, mean deviation of 0.7134, and Risk Adjusted Performance of 0.0631 to double-check if the risk estimate we provide is consistent with the expected return of 0.0886%. The etf shows a Beta (market volatility) of 0.83, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Columbia Seligman's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Seligman is expected to be smaller as well.
Auto-correlation | 0.65 |
Good predictability
Columbia Seligman Premium has good predictability. Overlapping area represents the amount of predictability between Columbia Seligman time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Seligman Premium price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Columbia Seligman price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Columbia Seligman Premium lagged returns against current returns
Autocorrelation, which is Columbia Seligman etf'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 Seligman's etf expected returns. We can calculate the autocorrelation of Columbia Seligman returns to help us make a trade decision. For example, suppose you find that Columbia Seligman has exhibited high autocorrelation historically, and you observe that the etf 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 Seligman 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 Seligman etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Seligman etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Columbia Seligman etf over time.
Current vs Lagged Prices |
| Timeline |
Columbia Seligman Lagged Returns
When evaluating Columbia Seligman's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Seligman etf have on its future price. Columbia Seligman 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 Seligman autocorrelation shows the relationship between Columbia Seligman etf current value and its past values and can show if there is a momentum factor associated with investing in Columbia Seligman Premium.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Columbia Etf
Columbia Seligman financial ratios help investors to determine whether Columbia Etf 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 Seligman security.