Columbia Etf Price To Book
Columbia fundamentals help investors to digest information that contributes to Columbia's financial success or failures. It also enables traders to predict the movement of Columbia Etf. The fundamental analysis module provides a way to measure Columbia's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Columbia etf.
Columbia |
Columbia ETF Price To Book Analysis
Columbia's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current Columbia Price To Book | 2.28 X |
Most of Columbia's fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Columbia is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
CompetitionBased on the latest financial disclosure, Columbia has a Price To Book of 2.28 times. This is 235.29% higher than that of the Columbia family and significantly higher than that of the Diversified Emerging Mkts category. The price to book for all United States etfs is notably lower than that of the firm.
Did you try this?
Run Premium Stories Now
Premium StoriesFollow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope |
| All Next | Launch Module |
Columbia Fundamentals
| Price To Earning | 15.86 X | |||
| Price To Book | 2.28 X | |||
| Price To Sales | 1.26 X | |||
| Number Of Employees | 189 | |||
| Total Asset | 5.3 M | |||
| One Year Return | (8.41) % | |||
| Three Year Return | 5.44 % | |||
| Five Year Return | (2.35) % | |||
| Net Asset | 5.3 M | |||
| Last Dividend Paid | 0.1 |
Pair Trading with Columbia
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Columbia position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Columbia will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to ONEOK could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ONEOK when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ONEOK - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ONEOK Inc to buy it.
The correlation of ONEOK is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ONEOK moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ONEOK Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ONEOK can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Other Tools for Columbia Etf
When running Columbia's price analysis, check to measure Columbia's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Columbia is operating at the current time. Most of Columbia's value examination focuses on studying past and present price action to predict the probability of Columbia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Columbia's price. Additionally, you may evaluate how the addition of Columbia to your portfolios can decrease your overall portfolio volatility.
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency |