Vy Invesco Stock Fund Market Value
| IVKAX Fund | USD 20.86 0.04 0.19% |
| Symbol | IVKAX |
Vy Invesco '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 Vy Invesco'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 Vy Invesco.
| 09/26/2022 |
| 04/18/2024 |
If you would invest 0.00 in Vy Invesco on September 26, 2022 and sell it all today you would earn a total of 0.00 from holding Vy Invesco Stock or generate 0.0% return on investment in Vy Invesco over 570 days. Vy Invesco is related to or competes with Dodge Cox, American Funds, American Funds, American Mutual, and Vanguard Value. Under normal market conditions, the Portfolio invests at least 80 percent of its net assets in common stocks, and in der... More
Vy Invesco 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 Vy Invesco'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 Vy Invesco Stock upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7133 | |||
| Information Ratio | 0.0235 | |||
| Maximum Drawdown | 2.72 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 0.9036 |
Vy Invesco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vy Invesco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vy Invesco's standard deviation. In reality, there are many statistical measures that can use Vy Invesco historical prices to predict the future Vy Invesco's volatility.| Risk Adjusted Performance | 0.073 | |||
| Jensen Alpha | 0.0199 | |||
| Total Risk Alpha | 0.0165 | |||
| Sortino Ratio | 0.0196 | |||
| Treynor Ratio | 0.0683 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vy Invesco'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.
Vy Invesco Stock Backtested Returns
We consider Vy Invesco very steady. Vy Invesco Stock retains Efficiency (Sharpe Ratio) of 0.14, which indicates the fund had a 0.14% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Vy Invesco, which you can use to evaluate the volatility of the fund. Please validate Vy Invesco's Risk Adjusted Performance of 0.073, downside deviation of 0.7133, and Mean Deviation of 0.4608 to confirm if the risk estimate we provide is consistent with the expected return of 0.082%. The entity owns a Beta (Systematic Risk) of 0.87, which indicates possible diversification benefits within a given portfolio. Vy Invesco returns are very sensitive to returns on the market. As the market goes up or down, Vy Invesco is expected to follow.
Auto-correlation | -0.06 |
Very weak reverse predictability
Vy Invesco Stock has very weak reverse predictability. Overlapping area represents the amount of predictability between Vy Invesco time series from 26th of September 2022 to 8th of July 2023 and 8th of July 2023 to 18th 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 Vy Invesco Stock price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Vy Invesco price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 1.15 |
Vy Invesco Stock lagged returns against current returns
Autocorrelation, which is Vy Invesco 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 Vy Invesco's mutual fund expected returns. We can calculate the autocorrelation of Vy Invesco returns to help us make a trade decision. For example, suppose you find that Vy Invesco 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 |
Vy Invesco 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 Vy Invesco mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vy Invesco mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vy Invesco mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Vy Invesco Lagged Returns
When evaluating Vy Invesco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vy Invesco mutual fund have on its future price. Vy Invesco 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, Vy Invesco autocorrelation shows the relationship between Vy Invesco mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Vy Invesco Stock.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Vy Invesco in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Vy Invesco's short interest history, or implied volatility extrapolated from Vy Invesco options trading.
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Try AI Portfolio ArchitectCheck out Vy Invesco Correlation, Vy Invesco Volatility and Vy Invesco Alpha and Beta module to complement your research on Vy Invesco. Note that the Vy Invesco Stock information on this page should be used as a complementary analysis to other Vy Invesco'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 Transaction History module to view history of all your transactions and understand their impact on performance.
Vy Invesco 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.