Columbia Acorn Fund Market Value

CRBYX Fund  USD 13.41  0.18  1.36%   
Columbia Acorn's market value is the price at which a share of Columbia Acorn trades on a public exchange. It measures the collective expectations of Columbia Acorn Fund investors about its performance. Columbia Acorn is trading at 13.41 as of the 28th of March 2024; that is 1.36 percent increase since the beginning of the trading day. The fund's open price was 13.23.
With this module, you can estimate the performance of a buy and hold strategy of Columbia Acorn Fund and determine expected loss or profit from investing in Columbia Acorn over a given investment horizon. Check out Columbia Acorn Correlation, Columbia Acorn Volatility and Columbia Acorn Alpha and Beta module to complement your research on Columbia Acorn.
Symbol

Please note, there is a significant difference between Columbia Acorn's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbia Acorn is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbia Acorn'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 Acorn '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 Acorn'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 Acorn.
0.00
04/08/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/28/2024
0.00
If you would invest  0.00  in Columbia Acorn on April 8, 2022 and sell it all today you would earn a total of 0.00 from holding Columbia Acorn Fund or generate 0.0% return on investment in Columbia Acorn over 720 days. Columbia Acorn is related to or competes with USCF Gold, Columbia Large, Columbia Large, Columbia Porate, Columbia Ultra, Columbia Ultra, and Columbia. The fund invests a majority of its net assets in the common stock of small- and mid-sized companies with market capitali... More

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

Columbia Acorn Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Acorn's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Acorn's standard deviation. In reality, there are many statistical measures that can use Columbia Acorn historical prices to predict the future Columbia Acorn's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia Acorn's 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.
Hype
Prediction
LowEstimatedHigh
12.3213.4114.50
Details
Intrinsic
Valuation
LowRealHigh
12.1113.2014.29
Details
Naive
Forecast
LowNextHigh
12.3813.4714.56
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
13.1813.3513.52
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Columbia Acorn. Your research has to be compared to or analyzed against Columbia Acorn's peers to derive any actionable benefits. When done correctly, Columbia Acorn'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 Acorn Fund.

Columbia Acorn Fund Backtested Returns

We consider Columbia Acorn very steady. Columbia Acorn Fund secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Columbia Acorn Fund, which you can use to evaluate the volatility of the entity. Please confirm Columbia Acorn's Risk Adjusted Performance of 0.0826, mean deviation of 0.8158, and Downside Deviation of 1.21 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. The fund shows a Beta (market volatility) of 1.6, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Columbia Acorn will likely underperform.

Auto-correlation

    
  0.29  

Poor predictability

Columbia Acorn Fund has poor predictability. Overlapping area represents the amount of predictability between Columbia Acorn time series from 8th of April 2022 to 3rd of April 2023 and 3rd of April 2023 to 28th of March 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 Acorn Fund price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Columbia Acorn price fluctuation can be explain by its past prices.
Correlation Coefficient0.29
Spearman Rank Test0.02
Residual Average0.0
Price Variance0.56

Columbia Acorn Fund lagged returns against current returns

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

Columbia Acorn Lagged Returns

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

Pair Trading with Columbia Acorn

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Columbia Acorn position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Columbia Acorn will appreciate offsetting losses from the drop in the long position's value.

Moving together with Columbia Mutual Fund

  0.9CLWFX Columbia Large CapPairCorr
  0.96CLXRX Columbia Large CapPairCorr
  0.83CUSHX Columbia Ultra ShortPairCorr

Moving against Columbia Mutual Fund

  0.44CUTRX Columbia Us TreasuryPairCorr
  0.42CUTYX Columbia Us TreasuryPairCorr
The ability to find closely correlated positions to Columbia Acorn could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Columbia Acorn when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Columbia Acorn - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Columbia Acorn Fund to buy it.
The correlation of Columbia Acorn is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Columbia Acorn moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbia Acorn Fund moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Columbia Acorn can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Columbia Acorn Correlation, Columbia Acorn Volatility and Columbia Acorn Alpha and Beta module to complement your research on Columbia Acorn.
You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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When running Columbia Acorn's price analysis, check to measure Columbia Acorn's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Columbia Acorn is operating at the current time. Most of Columbia Acorn's value examination focuses on studying past and present price action to predict the probability of Columbia Acorn's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Columbia Acorn's price. Additionally, you may evaluate how the addition of Columbia Acorn to your portfolios can decrease your overall portfolio volatility.
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Columbia Acorn technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Columbia Acorn technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Columbia Acorn trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...