Columbia Small Cap Fund Market Value
| CMSCX Fund | USD 30.67 0.19 0.62% |
| Symbol | Columbia |
Columbia Small '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 Small'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 Small.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Columbia Small on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Columbia Small Cap or generate 0.0% return on investment in Columbia Small over 720 days. Columbia Small is related to or competes with Transamerica Emerging, Calamos Market, Artisan Emerging, and Barings Emerging. The fund invests at least 80 percent of its net assets in equity securities of companies that have market capitalization... More
Columbia Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | 0.0721 | |||
| Maximum Drawdown | 6.65 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 2.2 |
Columbia Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Small's standard deviation. In reality, there are many statistical measures that can use Columbia Small historical prices to predict the future Columbia Small's volatility.| Risk Adjusted Performance | 0.1427 | |||
| Jensen Alpha | 0.0377 | |||
| Total Risk Alpha | 0.0084 | |||
| Sortino Ratio | 0.0752 | |||
| Treynor Ratio | 0.1543 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia Small'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 Small Cap Backtested Returns
Columbia Small appears to be out of control, given 3 months investment horizon. Columbia Small Cap secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the fund had a 0.23% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Columbia Small Cap, which you can use to evaluate the volatility of the entity. Please makes use of Columbia Small's Risk Adjusted Performance of 0.1427, downside deviation of 1.21, and Mean Deviation of 0.9027 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.41, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Columbia Small will likely underperform.
Auto-correlation | 0.37 |
Below average predictability
Columbia Small Cap has below average predictability. Overlapping area represents the amount of predictability between Columbia Small time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Small Cap price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Columbia Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 3.91 |
Columbia Small Cap lagged returns against current returns
Autocorrelation, which is Columbia Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Columbia Small returns to help us make a trade decision. For example, suppose you find that Columbia Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Small Lagged Returns
When evaluating Columbia Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Small mutual fund have on its future price. Columbia Small 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 Small autocorrelation shows the relationship between Columbia Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Small Cap.
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 Small 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 Small security.
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