Columbia Trarian Core Fund Market Value

SMGIX Fund  USD 40.07  0.34  0.86%   
Columbia Contrarian's market value is the price at which a share of Columbia Contrarian trades on a public exchange. It measures the collective expectations of Columbia Trarian Core investors about its performance. Columbia Contrarian is trading at 40.07 as of the 4th of December 2024; that is 0.86% up since the beginning of the trading day. The fund's open price was 39.73.
With this module, you can estimate the performance of a buy and hold strategy of Columbia Trarian Core and determine expected loss or profit from investing in Columbia Contrarian over a given investment horizon. Check out Columbia Contrarian Correlation, Columbia Contrarian Volatility and Columbia Contrarian Alpha and Beta module to complement your research on Columbia Contrarian.
Symbol

Please note, there is a significant difference between Columbia Contrarian's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbia Contrarian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbia Contrarian'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 Contrarian '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 Contrarian'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 Contrarian.
0.00
12/10/2023
No Change 0.00  0.0 
In 11 months and 27 days
12/04/2024
0.00
If you would invest  0.00  in Columbia Contrarian on December 10, 2023 and sell it all today you would earn a total of 0.00 from holding Columbia Trarian Core or generate 0.0% return on investment in Columbia Contrarian over 360 days. Columbia Contrarian is related to or competes with Columbia Large, Columbia Dividend, Columbia Balanced, Janus Triton, and Ivy Core. Under normal circumstances, the fund invests at least 80 percent of its net assets in common stocks More

Columbia Contrarian 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 Contrarian'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 Trarian Core upside and downside potential and time the market with a certain degree of confidence.

Columbia Contrarian Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Contrarian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Contrarian's standard deviation. In reality, there are many statistical measures that can use Columbia Contrarian historical prices to predict the future Columbia Contrarian's volatility.
Hype
Prediction
LowEstimatedHigh
39.0239.7340.44
Details
Intrinsic
Valuation
LowRealHigh
38.6139.3240.03
Details
Naive
Forecast
LowNextHigh
39.1839.8940.60
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
38.8839.2839.69
Details

Columbia Trarian Core Backtested Returns

At this stage we consider Columbia Mutual Fund to be very steady. Columbia Trarian Core secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the fund had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Columbia Trarian Core, which you can use to evaluate the volatility of the entity. Please confirm Columbia Contrarian's Risk Adjusted Performance of 0.0942, mean deviation of 0.5337, and Downside Deviation of 0.8647 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. The fund shows a Beta (market volatility) of 0.77, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Columbia Contrarian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Columbia Contrarian is expected to be smaller as well.

Auto-correlation

    
  0.59  

Modest predictability

Columbia Trarian Core has modest predictability. Overlapping area represents the amount of predictability between Columbia Contrarian time series from 10th of December 2023 to 7th of June 2024 and 7th of June 2024 to 4th 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 Trarian Core price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Columbia Contrarian price fluctuation can be explain by its past prices.
Correlation Coefficient0.59
Spearman Rank Test0.73
Residual Average0.0
Price Variance1.22

Columbia Trarian Core lagged returns against current returns

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

Columbia Contrarian Lagged Returns

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