Columbia Diversified Fixed Etf Market Value
| DIAL Etf | USD 17.66 0.08 0.46% |
| Symbol | Columbia |
The market value of Columbia Diversified is measured differently than its book value, which is the value of Columbia that is recorded on the company's balance sheet. Investors also form their own opinion of Columbia Diversified's value that differs from its market value or its book value, called intrinsic value, which is Columbia Diversified's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Columbia Diversified's market value can be influenced by many factors that don't directly affect Columbia Diversified's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Columbia Diversified's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbia Diversified is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbia Diversified's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Columbia Diversified '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 Diversified's etf 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 Diversified.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Columbia Diversified on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Diversified Fixed or generate 0.0% return on investment in Columbia Diversified over 30 days. Columbia Diversified is related to or competes with Columbia Multi, Janus Henderson, Goldman Sachs, IShares Yield, and First Trust. The fund invests at least 80 percent of its assets in securities within the index or in securities, that the funds inves... More
Columbia Diversified 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 Diversified's etf 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 Diversified Fixed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 1.63 | |||
| Value At Risk | (0.60) | |||
| Potential Upside | 0.4551 |
Columbia Diversified Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Diversified's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Diversified's standard deviation. In reality, there are many statistical measures that can use Columbia Diversified historical prices to predict the future Columbia Diversified's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.66) |
Columbia Diversified Backtested Returns
Columbia Diversified secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the etf had a -0.16% return per unit of risk over the last 3 months. Columbia Diversified Fixed exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Columbia Diversified's Mean Deviation of 0.2562, standard deviation of 0.3354, and Risk Adjusted Performance of (0.14) to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.0953, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Columbia Diversified's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Diversified is expected to be smaller as well.
Auto-correlation | -0.9 |
Excellent reverse predictability
Columbia Diversified Fixed has excellent reverse predictability. Overlapping area represents the amount of predictability between Columbia Diversified time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Diversified price movement. The serial correlation of -0.9 indicates that approximately 90.0% of current Columbia Diversified price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.9 | |
| Spearman Rank Test | -0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Columbia Diversified lagged returns against current returns
Autocorrelation, which is Columbia Diversified etf'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 Diversified's etf expected returns. We can calculate the autocorrelation of Columbia Diversified returns to help us make a trade decision. For example, suppose you find that Columbia Diversified has exhibited high autocorrelation historically, and you observe that the etf 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 Diversified 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 Diversified etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Diversified etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Columbia Diversified etf over time.
Current vs Lagged Prices |
| Timeline |
Columbia Diversified Lagged Returns
When evaluating Columbia Diversified's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Diversified etf have on its future price. Columbia Diversified 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 Diversified autocorrelation shows the relationship between Columbia Diversified etf current value and its past values and can show if there is a momentum factor associated with investing in Columbia Diversified Fixed.
Regressed Prices |
| Timeline |
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Columbia Diversified technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.