Columbia Modity Strategy Fund Market Value
| CCSAX Fund | USD 9.03 0.02 0.22% |
| Symbol | Columbia |
Columbia Modity '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 Modity'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 Modity.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Columbia Modity on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Modity Strategy or generate 0.0% return on investment in Columbia Modity over 30 days. Columbia Modity is related to or competes with Columbia Ultra, Columbia Integrated, Columbia Integrated, Columbia Integrated, Columbia Integrated, Columbia Select, and Columbia Integrated. Under normal circumstances, the fund seeks to maintain substantial economic exposure to the performance of the commoditi... More
Columbia Modity 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 Modity'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 Modity Strategy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 3.77 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.44 |
Columbia Modity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Modity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Modity's standard deviation. In reality, there are many statistical measures that can use Columbia Modity historical prices to predict the future Columbia Modity's volatility.| Risk Adjusted Performance | 0.047 | |||
| Jensen Alpha | 0.0448 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (1.52) |
Columbia Modity Strategy Backtested Returns
At this stage we consider Columbia Mutual Fund to be very steady. Columbia Modity Strategy secures Sharpe Ratio (or Efficiency) of 0.0837, which signifies that the fund had a 0.0837% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Columbia Modity Strategy, which you can use to evaluate the volatility of the entity. Please confirm Columbia Modity's Downside Deviation of 1.06, risk adjusted performance of 0.047, and Mean Deviation of 0.6589 to double-check if the risk estimate we provide is consistent with the expected return of 0.0707%. The fund shows a Beta (market volatility) of -0.0272, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Columbia Modity are expected to decrease at a much lower rate. During the bear market, Columbia Modity is likely to outperform the market.
Auto-correlation | 0.23 |
Weak predictability
Columbia Modity Strategy has weak predictability. Overlapping area represents the amount of predictability between Columbia Modity time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Modity Strategy price movement. The serial correlation of 0.23 indicates that over 23.0% of current Columbia Modity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Columbia Modity Strategy lagged returns against current returns
Autocorrelation, which is Columbia Modity 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 Modity's mutual fund expected returns. We can calculate the autocorrelation of Columbia Modity returns to help us make a trade decision. For example, suppose you find that Columbia Modity 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 Modity 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 Modity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Modity 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 Modity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Modity Lagged Returns
When evaluating Columbia Modity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Modity mutual fund have on its future price. Columbia Modity 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 Modity autocorrelation shows the relationship between Columbia Modity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Modity Strategy.
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 Modity 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 Modity security.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |