COLUMBIA Mutual Fund Quote

CLAAX
 Fund
  

USD 28.11  0.03  0.11%   

Market Performance
0 of 100
Odds Of Distress
Less than 1
COLUMBIA ALTERNATIVE is trading at 28.11 as of the 1st of December 2022; that is -0.11 percent down since the beginning of the trading day. The fund's open price was 28.14. COLUMBIA ALTERNATIVE has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for COLUMBIA ALTERNATIVE BETA are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of November 2022 and ending today, the 1st of December 2022. Click here to learn more.
Under normal circumstances, the fund employs alternative investment strategies that seek to identify and capitalize upon changes in macroeconomic fundamentals, market inefficiencies, market behavioral biases, market mis-pricings, risk premia, and other market factors or events within equity, fixed income, interest rate, commodities and currency markets around the world, including emerging markets. More on COLUMBIA ALTERNATIVE BETA

COLUMBIA ALTERNATIVE Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. COLUMBIA ALTERNATIVE's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding COLUMBIA ALTERNATIVE or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
COLUMBIA ALTERNATIVE generated a negative expected return over the last 90 days
COLUMBIA ALTERNATIVE is unlikely to experience financial distress in the next 2 years
COLUMBIA ALTERNATIVE BETA generated five year return of -6.0%
This fund holds about 184.67% of its assets under management (AUM) in cash
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of COLUMBIA ALTERNATIVE's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellFairly Valued
Startdate1st of October 2015
COLUMBIA ALTERNATIVE BETA [CLAAX] is traded in USA and was established 1st of December 2022. The fund is listed under Multistrategy category and is part of Columbia Threadneedle family. COLUMBIA ALTERNATIVE BETA currently has accumulated 805.17 M in assets under management (AUM) with no minimum investment requirements, while the total return for the last 3 years was -8.76%.
Check COLUMBIA ALTERNATIVE Probability Of Bankruptcy

Instrument Allocation

COLUMBIA ALTERNATIVE Target Price Odds Analysis

Based on a normal probability distribution, the odds of COLUMBIA ALTERNATIVE jumping above the current price in 90 days from now is about 73.98%. The COLUMBIA ALTERNATIVE BETA probability density function shows the probability of COLUMBIA ALTERNATIVE mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon COLUMBIA ALTERNATIVE BETA has a beta of -0.1533 suggesting as returns on benchmark increase, returns on holding COLUMBIA ALTERNATIVE are expected to decrease at a much lower rate. During the bear market, however, COLUMBIA ALTERNATIVE BETA is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. COLUMBIA ALTERNATIVE BETA is significantly underperforming NYSE Composite.
  Odds Below 28.11HorizonTargetOdds Above 28.11
24.41%90 days
 28.11 
73.98%
Based on a normal probability distribution, the odds of COLUMBIA ALTERNATIVE to move above the current price in 90 days from now is about 73.98 (This COLUMBIA ALTERNATIVE BETA probability density function shows the probability of COLUMBIA Mutual Fund to fall within a particular range of prices over 90 days) .

COLUMBIA ALTERNATIVE BETA Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. COLUMBIA ALTERNATIVE market risk premium is the additional return an investor will receive from holding COLUMBIA ALTERNATIVE long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in COLUMBIA ALTERNATIVE. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although COLUMBIA ALTERNATIVE's alpha and beta are two of the key measurements used to evaluate COLUMBIA ALTERNATIVE's performance over the market, the standard measures of volatility play an important role as well.

COLUMBIA ALTERNATIVE Against Markets

Picking the right benchmark for COLUMBIA ALTERNATIVE mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in COLUMBIA ALTERNATIVE mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for COLUMBIA ALTERNATIVE is critical whether you are bullish or bearish towards COLUMBIA ALTERNATIVE BETA at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in COLUMBIA ALTERNATIVE without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in COLUMBIA ALTERNATIVE BETA?

The danger of trading COLUMBIA ALTERNATIVE BETA is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of COLUMBIA ALTERNATIVE is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than COLUMBIA ALTERNATIVE. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile COLUMBIA ALTERNATIVE BETA is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Trending Equities. Note that the COLUMBIA ALTERNATIVE BETA information on this page should be used as a complementary analysis to other COLUMBIA ALTERNATIVE'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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Complementary Tools for COLUMBIA Mutual Fund analysis

When running COLUMBIA ALTERNATIVE BETA price analysis, check to measure COLUMBIA ALTERNATIVE'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 ALTERNATIVE is operating at the current time. Most of COLUMBIA ALTERNATIVE's value examination focuses on studying past and present price action to predict the probability of COLUMBIA ALTERNATIVE's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move COLUMBIA ALTERNATIVE's price. Additionally, you may evaluate how the addition of COLUMBIA ALTERNATIVE to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between COLUMBIA ALTERNATIVE's value and its price as these two are different measures arrived at by different means. Investors typically determine COLUMBIA ALTERNATIVE value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, COLUMBIA ALTERNATIVE'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.