Columbia Acorn Fund Market Value
| CRBYX Fund | USD 12.74 0.13 1.03% |
| Symbol | Columbia |
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.
| 02/27/2024 |
| 04/27/2024 |
If you would invest 0.00 in Columbia Acorn on February 27, 2024 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 60 days. Columbia Acorn is related to or competes with Columbia Convertible, Forum Funds, Lazard Funds, Teton Convertible, Rational/pier, and Gabelli Convertible. 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.
| Downside Deviation | 1.25 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 4.71 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 1.59 |
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.| Risk Adjusted Performance | 0.0314 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0253 |
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.
Columbia Acorn Backtested Returns
We consider Columbia Acorn very steady. Columbia Acorn secures Sharpe Ratio (or Efficiency) of 0.0434, which signifies that the fund had a 0.0434% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Columbia Acorn Fund, which you can use to evaluate the volatility of the entity. Please confirm Columbia Acorn's Mean Deviation of 0.8834, risk adjusted performance of 0.0314, and Downside Deviation of 1.25 to double-check if the risk estimate we provide is consistent with the expected return of 0.0476%. The fund shows a Beta (market volatility) of 1.49, 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 | -0.39 |
Poor reverse predictability
Columbia Acorn Fund has poor reverse predictability. Overlapping area represents the amount of predictability between Columbia Acorn time series from 27th of February 2024 to 28th of March 2024 and 28th of March 2024 to 27th of April 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 price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Columbia Acorn price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Columbia Acorn 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
| 0.77 | CDAZX | Multi Manager Direct | PairCorr |
| 0.89 | CVVRX | Columbia Small Cap | PairCorr |
| 0.9 | SCIOX | Columbia Seligman | PairCorr |
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 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.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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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.