Columbia Government Mortgage Fund Market Value
| AUGCX Fund | USD 17.96 0.03 0.17% |
| Symbol | Columbia |
Columbia Government '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 Government'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 Government.
| 12/22/2022 |
| 12/11/2024 |
If you would invest 0.00 in Columbia Government on December 22, 2022 and sell it all today you would earn a total of 0.00 from holding Columbia Government Mortgage or generate 0.0% return on investment in Columbia Government over 720 days. Columbia Government is related to or competes with Lord Abbett, Small Cap, Pgim Jennison, Adams Diversified, Tiaa Cref, Jhancock Diversified, and Oppenheimer International. Under normal circumstances, at least 80 percent of the funds net assets are invested in mortgage-related securities More
Columbia Government 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 Government'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 Government Mortgage upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.44) | |||
| Maximum Drawdown | 1.95 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 0.5093 |
Columbia Government Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Government's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Government's standard deviation. In reality, there are many statistical measures that can use Columbia Government historical prices to predict the future Columbia Government's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 2.03 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia Government'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 Government Backtested Returns
Columbia Government secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the fund had a -0.15% return per unit of risk over the last 3 months. Columbia Government Mortgage exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Columbia Government's Risk Adjusted Performance of (0.10), standard deviation of 0.4102, and Mean Deviation of 0.3039 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0319, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Columbia Government are expected to decrease at a much lower rate. During the bear market, Columbia Government is likely to outperform the market.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Columbia Government Mortgage has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Columbia Government time series from 22nd of December 2022 to 17th of December 2023 and 17th of December 2023 to 11th 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 Government price movement. The serial correlation of -0.72 indicates that around 72.0% of current Columbia Government price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Columbia Government lagged returns against current returns
Autocorrelation, which is Columbia Government 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 Government's mutual fund expected returns. We can calculate the autocorrelation of Columbia Government returns to help us make a trade decision. For example, suppose you find that Columbia Government 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 Government 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 Government mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Government 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 Government mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Government Lagged Returns
When evaluating Columbia Government's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Government mutual fund have on its future price. Columbia Government 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 Government autocorrelation shows the relationship between Columbia Government mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Government Mortgage.
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 Government 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 Government security.
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