Columbia Tax Exempt Fund Market Value
| CADMX Fund | USD 11.98 0.05 0.42% |
| Symbol | Columbia |
Columbia Tax '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 Tax'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 Tax.
| 12/28/2022 |
| 12/17/2024 |
If you would invest 0.00 in Columbia Tax on December 28, 2022 and sell it all today you would earn a total of 0.00 from holding Columbia Tax Exempt Fund or generate 0.0% return on investment in Columbia Tax over 720 days. Columbia Tax is related to or competes with Franklin High, Western Asset, Copeland Risk, Metropolitan West, Us High, Pace High, and T Rowe. Under normal circumstances, the fund invests at least 80 percent of its total net assets in bonds that pay interest exem... More
Columbia Tax 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 Tax'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 Tax Exempt Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 1.93 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.4167 |
Columbia Tax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Tax's standard deviation. In reality, there are many statistical measures that can use Columbia Tax historical prices to predict the future Columbia Tax's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.15) |
Columbia Tax Exempt Backtested Returns
Columbia Tax Exempt secures Sharpe Ratio (or Efficiency) of -0.0262, which signifies that the fund had a -0.0262% return per unit of risk over the last 3 months. Columbia Tax Exempt Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Columbia Tax's Risk Adjusted Performance of (0.02), mean deviation of 0.2012, and Standard Deviation of 0.3252 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0999, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Columbia Tax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Tax is expected to be smaller as well.
Auto-correlation | -0.33 |
Poor reverse predictability
Columbia Tax Exempt Fund has poor reverse predictability. Overlapping area represents the amount of predictability between Columbia Tax time series from 28th of December 2022 to 23rd of December 2023 and 23rd of December 2023 to 17th 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 Tax Exempt price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Columbia Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Columbia Tax Exempt lagged returns against current returns
Autocorrelation, which is Columbia Tax 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 Tax's mutual fund expected returns. We can calculate the autocorrelation of Columbia Tax returns to help us make a trade decision. For example, suppose you find that Columbia Tax 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 Tax 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 Tax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Tax 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 Tax mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Tax Lagged Returns
When evaluating Columbia Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Tax mutual fund have on its future price. Columbia Tax 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 Tax autocorrelation shows the relationship between Columbia Tax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Tax Exempt Fund.
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 Tax 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 Tax security.
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