Columbia Global Technology Fund Market Value

CTHRX Fund  USD 97.13  1.92  2.02%   
Columbia Global's market value is the price at which a share of Columbia Global trades on a public exchange. It measures the collective expectations of Columbia Global Technology investors about its performance. Columbia Global is trading at 97.13 as of the 12th of December 2024; that is 2.02% up since the beginning of the trading day. The fund's open price was 95.21.
With this module, you can estimate the performance of a buy and hold strategy of Columbia Global Technology and determine expected loss or profit from investing in Columbia Global over a given investment horizon. Check out Columbia Global Correlation, Columbia Global Volatility and Columbia Global Alpha and Beta module to complement your research on Columbia Global.
Symbol

Please note, there is a significant difference between Columbia Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbia Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbia Global'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 Global '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 Global'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 Global.
0.00
09/13/2024
No Change 0.00  0.0 
In 2 months and 31 days
12/12/2024
0.00
If you would invest  0.00  in Columbia Global on September 13, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Global Technology or generate 0.0% return on investment in Columbia Global over 90 days. Columbia Global is related to or competes with Columbia Global, William Blair, Columbia Global, and Columbia Mid. The fund invests at least 80 percent of its net assets in equity securities of technology companies that may benefit fro... More

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

Columbia Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Global's standard deviation. In reality, there are many statistical measures that can use Columbia Global historical prices to predict the future Columbia Global's volatility.
Hype
Prediction
LowEstimatedHigh
94.0795.2196.35
Details
Intrinsic
Valuation
LowRealHigh
85.69100.84101.98
Details
Naive
Forecast
LowNextHigh
95.4296.5697.70
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
91.8394.7897.73
Details

Columbia Global Tech Backtested Returns

At this stage we consider Columbia Mutual Fund to be very steady. Columbia Global Tech secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Columbia Global Technology, which you can use to evaluate the volatility of the entity. Please confirm Columbia Global's Risk Adjusted Performance of 0.1521, mean deviation of 0.89, and Downside Deviation of 1.22 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. The fund shows a Beta (market volatility) of 0.85, which signifies possible diversification benefits within a given portfolio. Columbia Global returns are very sensitive to returns on the market. As the market goes up or down, Columbia Global is expected to follow.

Auto-correlation

    
  0.65  

Good predictability

Columbia Global Technology has good predictability. Overlapping area represents the amount of predictability between Columbia Global time series from 13th of September 2024 to 28th of October 2024 and 28th of October 2024 to 12th 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 Global Tech price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Columbia Global price fluctuation can be explain by its past prices.
Correlation Coefficient0.65
Spearman Rank Test0.47
Residual Average0.0
Price Variance4.19

Columbia Global Tech lagged returns against current returns

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

Columbia Global Lagged Returns

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