Columbia Select Large Cap Fund Market Value
| CSVZX Fund | USD 34.11 0.25 0.74% |
| Symbol | Columbia |
Columbia Select '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 Select'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 Select.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Columbia Select on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Columbia Select Large Cap or generate 0.0% return on investment in Columbia Select over 30 days. Columbia Select is related to or competes with Columbia Porate, Columbia Ultra, Columbia Government, Columbia Small, Cornerstone Strategic, Columbia Seligman, and Columbia Global. Under normal circumstances, at least 80 percent of the funds net assets are invested in equity securities of large capit... More
Columbia Select 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 Select'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 Select Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.865 | |||
| Information Ratio | 0.0292 | |||
| Maximum Drawdown | 3.33 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 0.8424 |
Columbia Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Columbia Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Columbia Select's standard deviation. In reality, there are many statistical measures that can use Columbia Select historical prices to predict the future Columbia Select's volatility.| Risk Adjusted Performance | 0.0994 | |||
| Jensen Alpha | 0.0242 | |||
| Total Risk Alpha | 0.0114 | |||
| Sortino Ratio | 0.0235 | |||
| Treynor Ratio | 0.1047 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbia Select'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 Select Large Backtested Returns
We consider Columbia Select very steady. Columbia Select Large secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Columbia Select Large Cap, which you can use to evaluate the volatility of the entity. Please confirm Columbia Select's Risk Adjusted Performance of 0.0994, downside deviation of 0.865, and Mean Deviation of 0.5356 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. The fund shows a Beta (market volatility) of 0.95, which signifies possible diversification benefits within a given portfolio. Columbia Select returns are very sensitive to returns on the market. As the market goes up or down, Columbia Select is expected to follow.
Auto-correlation | -0.51 |
Good reverse predictability
Columbia Select Large Cap has good reverse predictability. Overlapping area represents the amount of predictability between Columbia Select time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th 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 Select Large price movement. The serial correlation of -0.51 indicates that about 51.0% of current Columbia Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Columbia Select Large lagged returns against current returns
Autocorrelation, which is Columbia Select 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 Select's mutual fund expected returns. We can calculate the autocorrelation of Columbia Select returns to help us make a trade decision. For example, suppose you find that Columbia Select 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 Select 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 Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Columbia Select 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 Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Columbia Select Lagged Returns
When evaluating Columbia Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Columbia Select mutual fund have on its future price. Columbia Select 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 Select autocorrelation shows the relationship between Columbia Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Columbia Select Large Cap.
Regressed Prices |
| Timeline |
Pair Trading with Columbia Select
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 Select 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 Select will appreciate offsetting losses from the drop in the long position's value.Moving together with Columbia Mutual Fund
| 0.88 | CUSHX | Columbia Ultra Short | PairCorr |
| 0.96 | CDAZX | Multi Manager Direct | PairCorr |
| 0.79 | CUURX | Columbia Small Cap | PairCorr |
The ability to find closely correlated positions to Columbia Select 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 Select 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 Select - 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 Select Large Cap to buy it.
The correlation of Columbia Select 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 Select moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbia Select Large 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 Select 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 Select Correlation, Columbia Select Volatility and Columbia Select Alpha and Beta module to complement your research on Columbia Select. Note that the Columbia Select Large information on this page should be used as a complementary analysis to other Columbia Select's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Columbia Select 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.