Columbia Select Large Fund Market Value

ELGAX Fund  USD 7.83  0.12  1.56%   
Columbia Select's market value is the price at which a share of Columbia Select trades on a public exchange. It measures the collective expectations of Columbia Select Large investors about its performance. Columbia Select is trading at 7.83 as of the 12th of December 2024; that is 1.56% up since the beginning of the trading day. The fund's open price was 7.71.
With this module, you can estimate the performance of a buy and hold strategy of Columbia Select Large and determine expected loss or profit from investing in Columbia Select over a given investment horizon. Check out Columbia Select Correlation, Columbia Select Volatility and Columbia Select Alpha and Beta module to complement your research on Columbia Select.
Symbol

Please note, there is a significant difference between Columbia Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbia Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbia Select'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 Select '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 Select'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 Select.
0.00
12/23/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/12/2024
0.00
If you would invest  0.00  in Columbia Select on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Columbia Select Large or generate 0.0% return on investment in Columbia Select over 720 days. Columbia Select is related to or competes with L Abbett, Balanced Fund, Century Small, T Rowe, T Rowe, and Versatile Bond. Under normal circumstances, the fund invests at least 80 percent of its net assets in common stocks of U.S More

Columbia Select 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 Select'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 Select Large upside and downside potential and time the market with a certain degree of confidence.

Columbia Select Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Select's standard deviation. In reality, there are many statistical measures that can use Columbia Select historical prices to predict the future Columbia Select's volatility.
Hype
Prediction
LowEstimatedHigh
6.227.839.44
Details
Intrinsic
Valuation
LowRealHigh
6.287.899.50
Details
Naive
Forecast
LowNextHigh
5.947.559.17
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.698.248.79
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Columbia Select. Your research has to be compared to or analyzed against Columbia Select's peers to derive any actionable benefits. When done correctly, Columbia Select's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Columbia Select Large.

Columbia Select Large Backtested Returns

At this stage we consider Columbia Mutual Fund to be not too volatile. Columbia Select Large secures Sharpe Ratio (or Efficiency) of 0.0338, which signifies that the fund had a 0.0338% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Columbia Select Large, which you can use to evaluate the volatility of the entity. Please confirm Columbia Select's Risk Adjusted Performance of 0.0528, downside deviation of 2.49, and Mean Deviation of 0.8745 to double-check if the risk estimate we provide is consistent with the expected return of 0.0544%. The fund shows a Beta (market volatility) of 1.01, which signifies a somewhat significant risk relative to the market. Columbia Select returns are very sensitive to returns on the market. As the market goes up or down, Columbia Select is expected to follow.

Auto-correlation

    
  0.01  

Virtually no predictability

Columbia Select Large has virtually no predictability. Overlapping area represents the amount of predictability between Columbia Select time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Select Large price movement. The serial correlation of 0.01 indicates that just 1.0% of current Columbia Select price fluctuation can be explain by its past prices.
Correlation Coefficient0.01
Spearman Rank Test-0.06
Residual Average0.0
Price Variance0.13

Columbia Select Large lagged returns against current returns

Autocorrelation, which is Columbia Select 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 Select's mutual fund expected returns. We can calculate the autocorrelation of Columbia Select returns to help us make a trade decision. For example, suppose you find that Columbia Select 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 Select 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 Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Select 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 Select mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Columbia Select Lagged Returns

When evaluating Columbia Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Select mutual fund have on its future price. Columbia Select 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 Select autocorrelation shows the relationship between Columbia Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Select Large.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Columbia Mutual Fund

Columbia Select 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 Select security.
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