Columbia Pyrford International Fund Market Value

PISJX Fund  USD 14.92  0.11  0.73%   
Columbia Pyrford's market value is the price at which a share of Columbia Pyrford trades on a public exchange. It measures the collective expectations of Columbia Pyrford International investors about its performance. Columbia Pyrford is trading at 14.92 as of the 10th of December 2024; that is 0.73% down since the beginning of the trading day. The fund's open price was 15.03.
With this module, you can estimate the performance of a buy and hold strategy of Columbia Pyrford International and determine expected loss or profit from investing in Columbia Pyrford over a given investment horizon. Check out Columbia Pyrford Correlation, Columbia Pyrford Volatility and Columbia Pyrford Alpha and Beta module to complement your research on Columbia Pyrford.
Symbol

Please note, there is a significant difference between Columbia Pyrford's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbia Pyrford is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbia Pyrford'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 Pyrford '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 Pyrford'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 Pyrford.
0.00
12/21/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/10/2024
0.00
If you would invest  0.00  in Columbia Pyrford on December 21, 2022 and sell it all today you would earn a total of 0.00 from holding Columbia Pyrford International or generate 0.0% return on investment in Columbia Pyrford over 720 days. Columbia Pyrford is related to or competes with Aqr Large, Transamerica Large, Dunham Large, Jhancock Disciplined, Tax-managed, and Dana Large. The fund invests at least 80 percent of its net assets in equity securities of companies located in countries outside th... More

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

Columbia Pyrford Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Pyrford's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Pyrford's standard deviation. In reality, there are many statistical measures that can use Columbia Pyrford historical prices to predict the future Columbia Pyrford's volatility.
Hype
Prediction
LowEstimatedHigh
14.3915.0315.67
Details
Intrinsic
Valuation
LowRealHigh
14.4715.1115.75
Details
Naive
Forecast
LowNextHigh
14.6315.2715.91
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
14.7114.9215.13
Details

Columbia Pyrford Int Backtested Returns

Columbia Pyrford Int secures Sharpe Ratio (or Efficiency) of -0.0884, which signifies that the fund had a -0.0884% return per unit of risk over the last 3 months. Columbia Pyrford International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Columbia Pyrford's Risk Adjusted Performance of (0.04), standard deviation of 0.6295, and Mean Deviation of 0.4933 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Columbia Pyrford's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Pyrford is expected to be smaller as well.

Auto-correlation

    
  -0.02  

Very weak reverse predictability

Columbia Pyrford International has very weak reverse predictability. Overlapping area represents the amount of predictability between Columbia Pyrford time series from 21st of December 2022 to 16th of December 2023 and 16th of December 2023 to 10th 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 Pyrford Int price movement. The serial correlation of -0.02 indicates that only 2.0% of current Columbia Pyrford price fluctuation can be explain by its past prices.
Correlation Coefficient-0.02
Spearman Rank Test0.26
Residual Average0.0
Price Variance0.33

Columbia Pyrford Int lagged returns against current returns

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

Columbia Pyrford Lagged Returns

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