Columbia Etf Trust Etf Performance
| NJNK Etf | 20.06 0.01 0.05% |
The etf shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Columbia ETF's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia ETF is expected to be smaller as well.
Risk-Adjusted Performance
10 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Columbia ETF Trust are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Despite quite conflicting basic indicators, Columbia ETF disclosed solid returns over the last few months and may actually be approaching a breakup point. ...more
Columbia |
Columbia ETF Relative Risk vs. Return Landscape
If you would invest 0.00 in Columbia ETF Trust on August 24, 2024 and sell it today you would earn a total of 2,006 from holding Columbia ETF Trust or generate 9.223372036854776E16% return on investment over 90 days. Columbia ETF Trust is currently generating 17.2554% in daily expected returns and assumes 131.3047% risk (volatility on return distribution) over the 90 days horizon. In different words, most equities are less risky than Columbia, and most traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Columbia ETF Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia ETF's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Columbia ETF Trust, and traders can use it to determine the average amount a Columbia ETF's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1314
| Best Portfolio | Best Equity | NJNK | ||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 131.3 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Columbia ETF is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Columbia ETF by adding it to a well-diversified portfolio.
About Columbia ETF Performance
By examining Columbia ETF's fundamental ratios, stakeholders can obtain critical insights into Columbia ETF's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Columbia ETF is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Columbia ETF is entity of United States. It is traded as Etf on NYSE ARCA exchange.| Columbia ETF Trust is way too risky over 90 days horizon | |
| Columbia ETF Trust appears to be risky and price may revert if volatility continues |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Columbia ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Columbia Etf please use our How to buy in Columbia Etf guide.You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
The market value of Columbia ETF Trust 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 ETF's value that differs from its market value or its book value, called intrinsic value, which is Columbia ETF'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 ETF's market value can be influenced by many factors that don't directly affect Columbia ETF'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 ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbia ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbia ETF'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.