Invesco Steelpath Mlp Fund Market Value
| SPMVX Fund | USD 8.05 0.10 1.26% |
| Symbol | Invesco |
Invesco Steelpath '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 Steelpath'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 Steelpath.
| 05/17/2022 |
| 05/06/2024 |
If you would invest 0.00 in Invesco Steelpath on May 17, 2022 and sell it all today you would earn a total of 0.00 from holding Invesco Steelpath Mlp or generate 0.0% return on investment in Invesco Steelpath over 720 days. Invesco Steelpath is related to or competes with Invesco Municipal, Invesco Municipal, Invesco Municipal, Oppenheimer Rising, Invesco High, Oppenheimer Strategic, and Invesco High. Under normal circumstances, the fund invests at least 80 percent of its net assets in master limited partnership investments of issuers that are engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources, and in derivatives and other instruments that have economic characteristics similar to such securities. More
Invesco Steelpath 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 Steelpath'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 Steelpath Mlp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7128 | |||
| Information Ratio | 0.0781 | |||
| Maximum Drawdown | 3.63 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 1.04 |
Invesco Steelpath Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Steelpath's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Steelpath's standard deviation. In reality, there are many statistical measures that can use Invesco Steelpath historical prices to predict the future Invesco Steelpath's volatility.| Risk Adjusted Performance | 0.1274 | |||
| Jensen Alpha | 0.0758 | |||
| Total Risk Alpha | 0.0489 | |||
| Sortino Ratio | 0.0705 | |||
| Treynor Ratio | 0.1893 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Steelpath'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 Steelpath Mlp Backtested Returns
We consider Invesco Steelpath very steady. Invesco Steelpath Mlp holds Efficiency (Sharpe) Ratio of 0.24, which attests that the entity had a 0.24% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Invesco Steelpath Mlp, which you can use to evaluate the volatility of the entity. Please check out Invesco Steelpath's Market Risk Adjusted Performance of 0.1993, risk adjusted performance of 0.1274, and Downside Deviation of 0.7128 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 0.63, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco Steelpath's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Steelpath is expected to be smaller as well.
Auto-correlation | 0.68 |
Good predictability
Invesco Steelpath Mlp has good predictability. Overlapping area represents the amount of predictability between Invesco Steelpath time series from 17th of May 2022 to 12th of May 2023 and 12th of May 2023 to 6th of May 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 Steelpath Mlp price movement. The serial correlation of 0.68 indicates that around 68.0% of current Invesco Steelpath price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Invesco Steelpath Mlp lagged returns against current returns
Autocorrelation, which is Invesco Steelpath 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 Steelpath's mutual fund expected returns. We can calculate the autocorrelation of Invesco Steelpath returns to help us make a trade decision. For example, suppose you find that Invesco Steelpath 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 Steelpath 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 Steelpath mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Steelpath 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 Steelpath mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Steelpath Lagged Returns
When evaluating Invesco Steelpath's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Steelpath mutual fund have on its future price. Invesco Steelpath 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 Steelpath autocorrelation shows the relationship between Invesco Steelpath mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Steelpath Mlp.
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 Steelpath 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 Steelpath's short interest history, or implied volatility extrapolated from Invesco Steelpath options trading.
Currently Active Assets on Macroaxis
Check out Invesco Steelpath Correlation, Invesco Steelpath Volatility and Invesco Steelpath Alpha and Beta module to complement your research on Invesco Steelpath. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Invesco Steelpath 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.