Invesco Growth And Fund Market Value
ACGMX Fund | USD 22.33 0.01 0.04% |
Symbol | Invesco |
Invesco Growth '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 Invesco Growth'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 Invesco Growth.
04/09/2022 |
| 03/29/2024 |
If you would invest 0.00 in Invesco Growth on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Invesco Growth And or generate 0.0% return on investment in Invesco Growth over 720 days. Invesco Growth is related to or competes with Dodge Cox, American Funds, American Funds, American Mutual, American Mutual, Vanguard Value, and Vanguard Value. Under normal market conditions, the funds investment adviser seeks to achieve the funds investment objective by investin... More
Invesco Growth 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 Invesco Growth'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 Invesco Growth And upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.576 | |||
Information Ratio | 0.0339 | |||
Maximum Drawdown | 2.39 | |||
Value At Risk | (0.78) | |||
Potential Upside | 0.9519 |
Invesco Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Growth's standard deviation. In reality, there are many statistical measures that can use Invesco Growth historical prices to predict the future Invesco Growth's volatility.Risk Adjusted Performance | 0.1556 | |||
Jensen Alpha | 0.0297 | |||
Total Risk Alpha | 0.0204 | |||
Sortino Ratio | 0.0323 | |||
Treynor Ratio | 0.1575 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Growth'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.
Invesco Growth And Backtested Returns
We consider Invesco Growth very steady. Invesco Growth And holds Efficiency (Sharpe) Ratio of 0.27, which attests that the entity had a 0.27% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Invesco Growth And, which you can use to evaluate the volatility of the entity. Please check out Invesco Growth's Risk Adjusted Performance of 0.1556, market risk adjusted performance of 0.1675, and Downside Deviation of 0.576 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. The fund retains a Market Volatility (i.e., Beta) of 0.91, which attests to possible diversification benefits within a given portfolio. Invesco Growth returns are very sensitive to returns on the market. As the market goes up or down, Invesco Growth is expected to follow.
Auto-correlation | 0.21 |
Weak predictability
Invesco Growth And has weak predictability. Overlapping area represents the amount of predictability between Invesco Growth time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th 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 Invesco Growth And price movement. The serial correlation of 0.21 indicates that over 21.0% of current Invesco Growth price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.21 | |
Spearman Rank Test | 0.22 | |
Residual Average | 0.0 | |
Price Variance | 1.4 |
Invesco Growth And lagged returns against current returns
Autocorrelation, which is Invesco Growth 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 Invesco Growth's mutual fund expected returns. We can calculate the autocorrelation of Invesco Growth returns to help us make a trade decision. For example, suppose you find that Invesco Growth 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 |
Invesco Growth 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 Invesco Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Growth mutual fund over time.
Current vs Lagged Prices |
Timeline |
Invesco Growth Lagged Returns
When evaluating Invesco Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Growth mutual fund have on its future price. Invesco Growth 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, Invesco Growth autocorrelation shows the relationship between Invesco Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Growth And.
Regressed Prices |
Timeline |
Pair Trading with Invesco Growth
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 Invesco Growth 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 Invesco Growth will appreciate offsetting losses from the drop in the long position's value.Moving together with Invesco Mutual Fund
0.96 | GLALX | Aim Investment Securities | PairCorr |
The ability to find closely correlated positions to Invesco Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Invesco Growth 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 Invesco Growth - 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 Invesco Growth And to buy it.
The correlation of Invesco Growth 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 Invesco Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco Growth And 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 Invesco Growth 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 Invesco Growth Correlation, Invesco Growth Volatility and Invesco Growth Alpha and Beta module to complement your research on Invesco Growth. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Invesco Mutual Fund analysis
When running Invesco Growth's price analysis, check to measure Invesco Growth'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 Invesco Growth is operating at the current time. Most of Invesco Growth's value examination focuses on studying past and present price action to predict the probability of Invesco Growth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Invesco Growth's price. Additionally, you may evaluate how the addition of Invesco Growth to your portfolios can decrease your overall portfolio volatility.
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Invesco Growth 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.