COLUMBIA PIPELINE GROUP Market Value
| 198280AF6 | 98.61 1.17 1.17% |
| Symbol | COLUMBIA |
COLUMBIA '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's bond 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.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in COLUMBIA on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding COLUMBIA PIPELINE GROUP or generate 0.0% return on investment in COLUMBIA over 30 days. COLUMBIA is related to or competes with Suntory Beverage, Ambev SA, PennantPark Floating, Thai Beverage, Fomento Economico, Sonida Senior, and Ameriprise Financial. More
COLUMBIA 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's bond 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 PIPELINE GROUP upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.57) | |||
| Maximum Drawdown | 1.35 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.3311 |
COLUMBIA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for COLUMBIA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as COLUMBIA's standard deviation. In reality, there are many statistical measures that can use COLUMBIA historical prices to predict the future COLUMBIA's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.62) |
COLUMBIA PIPELINE Backtested Returns
COLUMBIA PIPELINE secures Sharpe Ratio (or Efficiency) of -0.0735, which signifies that the bond had a -0.0735% return per unit of return volatility over the last 3 months. COLUMBIA PIPELINE GROUP exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm COLUMBIA's Coefficient Of Variation of (1,824), mean deviation of 0.1774, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.04, which signifies not very significant fluctuations relative to the market. As returns on the market increase, COLUMBIA's returns are expected to increase less than the market. However, during the bear market, the loss of holding COLUMBIA is expected to be smaller as well.
Auto-correlation | -0.38 |
Poor reverse predictability
COLUMBIA PIPELINE GROUP has poor reverse predictability. Overlapping area represents the amount of predictability between COLUMBIA time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 PIPELINE price movement. The serial correlation of -0.38 indicates that just about 38.0% of current COLUMBIA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
COLUMBIA PIPELINE lagged returns against current returns
Autocorrelation, which is COLUMBIA bond'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's bond expected returns. We can calculate the autocorrelation of COLUMBIA returns to help us make a trade decision. For example, suppose you find that COLUMBIA has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if COLUMBIA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in COLUMBIA bond over time.
Current vs Lagged Prices |
| Timeline |
COLUMBIA Lagged Returns
When evaluating COLUMBIA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of COLUMBIA bond have on its future price. COLUMBIA 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 autocorrelation shows the relationship between COLUMBIA bond current value and its past values and can show if there is a momentum factor associated with investing in COLUMBIA PIPELINE GROUP.
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 Bond
COLUMBIA financial ratios help investors to determine whether COLUMBIA Bond 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 security.