Columbia Government Mortgage Fund Market Value

CGVRX Fund  USD 17.93  0.07  0.39%   
Columbia's market value is the price at which a share of Columbia trades on a public exchange. It measures the collective expectations of Columbia Government Mortgage investors about its performance. Columbia is trading at 17.93 as of the 5th of December 2024; that is 0.39% up since the beginning of the trading day. The fund's open price was 17.86.
With this module, you can estimate the performance of a buy and hold strategy of Columbia Government Mortgage and determine expected loss or profit from investing in Columbia over a given investment horizon. Check out Columbia Correlation, Columbia Volatility and Columbia Alpha and Beta module to complement your research on Columbia.
Symbol

Please note, there is a significant difference between Columbia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbia'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 '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'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.
0.00
11/05/2024
No Change 0.00  0.0 
In 31 days
12/05/2024
0.00
If you would invest  0.00  in Columbia on November 5, 2024 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 over 30 days. Columbia is related to or competes with Columbia Corporate, Columbia Ultra, Columbia, Multi-manager Directional, Columbia Small, Columbia, and Columbia Dividend. Under normal circumstances, at least 80 percent of the funds net assets are invested in mortgage-related securities More

Columbia 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'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.

Columbia Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia's standard deviation. In reality, there are many statistical measures that can use Columbia historical prices to predict the future Columbia's volatility.
Hype
Prediction
LowEstimatedHigh
17.5217.9318.34
Details
Intrinsic
Valuation
LowRealHigh
17.5717.9818.39
Details
Naive
Forecast
LowNextHigh
17.6318.0418.45
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
17.6817.8117.94
Details

Columbia Government Backtested Returns

Columbia Government 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 Government Mortgage exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Columbia's Risk Adjusted Performance of (0.06), standard deviation of 0.4175, and Mean Deviation of 0.3162 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0397, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Columbia are expected to decrease at a much lower rate. During the bear market, Columbia is likely to outperform the market.

Auto-correlation

    
  -0.55  

Good reverse predictability

Columbia Government Mortgage has good reverse predictability. Overlapping area represents the amount of predictability between Columbia time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th 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 -0.55 indicates that about 55.0% of current Columbia price fluctuation can be explain by its past prices.
Correlation Coefficient-0.55
Spearman Rank Test-0.25
Residual Average0.0
Price Variance0.02

Columbia Government lagged returns against current returns

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

Columbia Lagged Returns

When evaluating Columbia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia mutual fund have on its future price. Columbia 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 autocorrelation shows the relationship between Columbia 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  

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Other Information on Investing in Columbia Mutual Fund

Columbia 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 security.
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