Columbia Overseas Value Fund Market Value
| COSSX Fund | USD 11.28 0.05 0.45% |
| Symbol | Columbia |
Columbia Overseas '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 Overseas' 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 Overseas.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Columbia Overseas on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Overseas Value or generate 0.0% return on investment in Columbia Overseas over 90 days. Columbia Overseas is related to or competes with Transamerica Financial, Royce Global, Fidelity Advisor, Mesirow Financial, Vanguard Financials, Gabelli Global, and John Hancock. Under normal circumstances, the fund invests at least 80 percent of total assets in equity securities of foreign compani... More
Columbia Overseas 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 Overseas' 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 Overseas Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6881 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 3.37 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 1.43 |
Columbia Overseas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Overseas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Overseas' standard deviation. In reality, there are many statistical measures that can use Columbia Overseas historical prices to predict the future Columbia Overseas' volatility.| Risk Adjusted Performance | 0.0016 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia Overseas' 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 Overseas Value Backtested Returns
Columbia Overseas Value secures Sharpe Ratio (or Efficiency) of -0.0018, which signifies that the fund had a -0.0018% return per unit of risk over the last 3 months. Columbia Overseas Value exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Columbia Overseas' Mean Deviation of 0.5668, risk adjusted performance of 0.0016, and Downside Deviation of 0.6881 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0814, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Columbia Overseas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Overseas is expected to be smaller as well.
Auto-correlation | -0.33 |
Poor reverse predictability
Columbia Overseas Value has poor reverse predictability. Overlapping area represents the amount of predictability between Columbia Overseas time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 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 Overseas Value price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Columbia Overseas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Columbia Overseas Value lagged returns against current returns
Autocorrelation, which is Columbia Overseas 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 Overseas' mutual fund expected returns. We can calculate the autocorrelation of Columbia Overseas returns to help us make a trade decision. For example, suppose you find that Columbia Overseas 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 Overseas 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 Overseas mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Overseas 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 Overseas mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Overseas Lagged Returns
When evaluating Columbia Overseas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Overseas mutual fund have on its future price. Columbia Overseas 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 Overseas autocorrelation shows the relationship between Columbia Overseas mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Overseas Value.
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 Overseas 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 Overseas security.
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