Columbia Global Opportunities Fund Market Value

IMRFX Fund  USD 14.05  0.01  0.07%   
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 Opportunities investors about its performance. Columbia Global is trading at 14.05 as of the 9th of December 2024; that is 0.07% up since the beginning of the trading day. The fund's open price was 14.04.
With this module, you can estimate the performance of a buy and hold strategy of Columbia Global Opportunities 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
11/09/2024
No Change 0.00  0.0 
In 31 days
12/09/2024
0.00
If you would invest  0.00  in Columbia Global on November 9, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Global Opportunities or generate 0.0% return on investment in Columbia Global over 30 days. Columbia Global is related to or competes with Locorr Market, Massmutual Premier, Legg Mason, Barings Emerging, Rbc Emerging, and Transamerica Emerging. The funds assets may be allocated to equity, debtfixed income and money market instruments, and investments that provide... 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 Opportunities 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
13.6014.0514.50
Details
Intrinsic
Valuation
LowRealHigh
13.5413.9914.44
Details
Naive
Forecast
LowNextHigh
13.7214.1714.62
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
13.6813.9014.13
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Columbia Global. Your research has to be compared to or analyzed against Columbia Global's peers to derive any actionable benefits. When done correctly, Columbia Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Columbia Global Oppo.

Columbia Global Oppo Backtested Returns

At this stage we consider Columbia Mutual Fund to be very steady. Columbia Global Oppo 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. We have found twenty-eight technical indicators for Columbia Global Opportunities, which you can use to evaluate the volatility of the entity. Please confirm Columbia Global's Risk Adjusted Performance of 0.0689, downside deviation of 0.4851, and Mean Deviation of 0.369 to double-check if the risk estimate we provide is consistent with the expected return of 0.0519%. The fund shows a Beta (market volatility) of 0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Columbia Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Global is expected to be smaller as well.

Auto-correlation

    
  -0.47  

Modest reverse predictability

Columbia Global Opportunities has modest reverse predictability. Overlapping area represents the amount of predictability between Columbia Global time series from 9th of November 2024 to 24th of November 2024 and 24th of November 2024 to 9th 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 Oppo price movement. The serial correlation of -0.47 indicates that about 47.0% of current Columbia Global price fluctuation can be explain by its past prices.
Correlation Coefficient-0.47
Spearman Rank Test-0.44
Residual Average0.0
Price Variance0.01

Columbia Global Oppo 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 Opportunities.
   Regressed Prices   
       Timeline  

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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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