Invesco Large Cap Fund Market Value
| LCBIX Fund | USD 19.68 0.13 0.66% |
| Symbol | Invesco |
Invesco Large '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 Large'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 Large.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Invesco Large on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Large Cap or generate 0.0% return on investment in Invesco Large over 30 days. Invesco Large is related to or competes with Invesco Municipal, Invesco Municipal, Invesco Municipal, Oppenheimer Rising, Invesco High, Oppenheimer Strategic, and Oppenheimer International. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus borrowings for investment purpo... More
Invesco Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.27 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 5.25 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 1.9 |
Invesco Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Large's standard deviation. In reality, there are many statistical measures that can use Invesco Large historical prices to predict the future Invesco Large's volatility.| Risk Adjusted Performance | 0.0283 | |||
| Jensen Alpha | 0.0424 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Large'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 Large Cap Backtested Returns
We consider Invesco Large very steady. Invesco Large Cap holds Efficiency (Sharpe) Ratio of 0.0152, which attests that the entity had a 0.0152% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Invesco Large Cap, which you can use to evaluate the volatility of the entity. Please check out Invesco Large's Market Risk Adjusted Performance of (0.27), downside deviation of 1.27, and Risk Adjusted Performance of 0.0283 to validate if the risk estimate we provide is consistent with the expected return of 0.0167%. The fund retains a Market Volatility (i.e., Beta) of -0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Invesco Large are expected to decrease at a much lower rate. During the bear market, Invesco Large is likely to outperform the market.
Auto-correlation | 0.15 |
Insignificant predictability
Invesco Large Cap has insignificant predictability. Overlapping area represents the amount of predictability between Invesco Large time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Invesco Large Cap price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Invesco Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Invesco Large Cap lagged returns against current returns
Autocorrelation, which is Invesco Large 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 Large's mutual fund expected returns. We can calculate the autocorrelation of Invesco Large returns to help us make a trade decision. For example, suppose you find that Invesco Large 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 Large 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 Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Large 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 Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Large Lagged Returns
When evaluating Invesco Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Large mutual fund have on its future price. Invesco Large 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 Large autocorrelation shows the relationship between Invesco Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Large Cap.
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 Invesco Large 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, Invesco Large's short interest history, or implied volatility extrapolated from Invesco Large options trading.
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Invesco Large 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.