Columbia Pacificasia Fund Market Value
| CASCX Fund | USD 9.79 0.09 0.93% |
| Symbol | Columbia |
Columbia Pacific/asia '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 Pacific/asia'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 Pacific/asia.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Columbia Pacific/asia on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Pacificasia Fund or generate 0.0% return on investment in Columbia Pacific/asia over 60 days. Columbia Pacific/asia is related to or competes with Calvert Emerging, Angel Oak, Commodities Strategy, Franklin Emerging, and Black Oak. Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities of companies loc... More
Columbia Pacific/asia 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 Pacific/asia'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 Pacificasia Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 14.75 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.02 |
Columbia Pacific/asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Pacific/asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Pacific/asia's standard deviation. In reality, there are many statistical measures that can use Columbia Pacific/asia historical prices to predict the future Columbia Pacific/asia's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (1.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia Pacific/asia'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 Pacific/asia Backtested Returns
Columbia Pacific/asia secures Sharpe Ratio (or Efficiency) of -0.0879, which signifies that the fund had a -0.0879% return per unit of risk over the last 3 months. Columbia Pacificasia Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Columbia Pacific/asia's Mean Deviation of 0.8642, standard deviation of 1.86, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Columbia Pacific/asia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Pacific/asia is expected to be smaller as well.
Auto-correlation | -0.33 |
Poor reverse predictability
Columbia Pacificasia Fund has poor reverse predictability. Overlapping area represents the amount of predictability between Columbia Pacific/asia time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 2025. 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 Pacific/asia price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Columbia Pacific/asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
Columbia Pacific/asia lagged returns against current returns
Autocorrelation, which is Columbia Pacific/asia 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 Pacific/asia's mutual fund expected returns. We can calculate the autocorrelation of Columbia Pacific/asia returns to help us make a trade decision. For example, suppose you find that Columbia Pacific/asia 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 Pacific/asia 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 Pacific/asia mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Pacific/asia 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 Pacific/asia mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Pacific/asia Lagged Returns
When evaluating Columbia Pacific/asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Pacific/asia mutual fund have on its future price. Columbia Pacific/asia 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 Pacific/asia autocorrelation shows the relationship between Columbia Pacific/asia mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Pacificasia Fund.
Regressed Prices |
| Timeline |
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Other Information on Investing in Columbia Mutual Fund
Columbia Pacific/asia 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 Pacific/asia security.
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