Columbia Greater China Fund Market Value

NGCAX Fund  USD 32.97  0.17  0.51%   
Columbia Greater's market value is the price at which a share of Columbia Greater trades on a public exchange. It measures the collective expectations of Columbia Greater China investors about its performance. Columbia Greater is trading at 32.97 as of the 4th of December 2024; that is 0.51% down since the beginning of the trading day. The fund's open price was 33.14.
With this module, you can estimate the performance of a buy and hold strategy of Columbia Greater China and determine expected loss or profit from investing in Columbia Greater over a given investment horizon. Check out Columbia Greater Correlation, Columbia Greater Volatility and Columbia Greater Alpha and Beta module to complement your research on Columbia Greater.
Symbol

Please note, there is a significant difference between Columbia Greater's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbia Greater is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbia Greater'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 Greater '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 Greater'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 Greater.
0.00
06/07/2024
No Change 0.00  0.0 
In 5 months and 30 days
12/04/2024
0.00
If you would invest  0.00  in Columbia Greater on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Greater China or generate 0.0% return on investment in Columbia Greater over 180 days. Columbia Greater is related to or competes with Hennessy Technology, Red Oak, Science Technology, Pgim Jennison, Towpath Technology, and Blackrock Science. Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities of companies who... More

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

Columbia Greater Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Greater's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Greater's standard deviation. In reality, there are many statistical measures that can use Columbia Greater historical prices to predict the future Columbia Greater's volatility.
Hype
Prediction
LowEstimatedHigh
30.5432.9735.40
Details
Intrinsic
Valuation
LowRealHigh
28.1930.6233.05
Details
Naive
Forecast
LowNextHigh
28.4530.8833.31
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
32.7233.0933.45
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Columbia Greater. Your research has to be compared to or analyzed against Columbia Greater's peers to derive any actionable benefits. When done correctly, Columbia Greater'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 Greater China.

Columbia Greater China Backtested Returns

Columbia Greater appears to be very steady, given 3 months investment horizon. Columbia Greater China secures Sharpe Ratio (or Efficiency) of 0.0906, which signifies that the fund had a 0.0906% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Columbia Greater China, which you can use to evaluate the volatility of the entity. Please makes use of Columbia Greater's Mean Deviation of 1.6, downside deviation of 2.18, and Risk Adjusted Performance of 0.0714 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of -0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Columbia Greater are expected to decrease at a much lower rate. During the bear market, Columbia Greater is likely to outperform the market.

Auto-correlation

    
  -0.3  

Weak reverse predictability

Columbia Greater China has weak reverse predictability. Overlapping area represents the amount of predictability between Columbia Greater time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th 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 Greater China price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Columbia Greater price fluctuation can be explain by its past prices.
Correlation Coefficient-0.3
Spearman Rank Test0.0
Residual Average0.0
Price Variance7.31

Columbia Greater China lagged returns against current returns

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

Columbia Greater Lagged Returns

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

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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 Greater 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 Greater security.
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