Columbia Pacificasia Fund Market Value
| CASCX Fund | USD 9.77 0.02 0.21% |
| Symbol | Columbia |
Columbia Pacificasia '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 Pacificasia'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 Pacificasia.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Columbia Pacificasia on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Pacificasia Fund or generate 0.0% return on investment in Columbia Pacificasia over 30 days. Columbia Pacificasia is related to or competes with Columbia Porate, Columbia Ultra, Columbia Treasury, Multi Manager, Columbia Small, Columbia Treasury, and Columbia Dividend. The fund seeks to achieve its investment objective by investing in a portfolio composed of two components a Managed Futu... More
Columbia Pacificasia 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 Pacificasia'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 Pacificasia Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 14.75 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.23 |
Columbia Pacificasia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Pacificasia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Pacificasia's standard deviation. In reality, there are many statistical measures that can use Columbia Pacificasia historical prices to predict the future Columbia Pacificasia's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia Pacificasia'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 Pacificasia Backtested Returns
Columbia Pacificasia secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the fund had a -0.12% return per unit of risk over the last 3 months. Columbia Pacificasia Fund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Columbia Pacificasia's Risk Adjusted Performance of (0.09), standard deviation of 1.82, and Mean Deviation of 0.8657 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.83, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Columbia Pacificasia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Pacificasia is expected to be smaller as well.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Columbia Pacificasia Fund has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Columbia Pacificasia time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Pacificasia price movement. The serial correlation of -0.75 indicates that around 75.0% of current Columbia Pacificasia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Columbia Pacificasia lagged returns against current returns
Autocorrelation, which is Columbia Pacificasia 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 Pacificasia's mutual fund expected returns. We can calculate the autocorrelation of Columbia Pacificasia returns to help us make a trade decision. For example, suppose you find that Columbia Pacificasia 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 Pacificasia 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 Pacificasia mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Pacificasia 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 Pacificasia mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Pacificasia Lagged Returns
When evaluating Columbia Pacificasia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Pacificasia mutual fund have on its future price. Columbia Pacificasia 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 Pacificasia autocorrelation shows the relationship between Columbia Pacificasia mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Pacificasia Fund.
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 Pacificasia 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 Pacificasia security.
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