Invesco Equally Weighted Sp Fund Market Value
| VADDX Fund | USD 71.11 0.04 0.06% |
| Symbol | Invesco |
Invesco Equally '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 Equally'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 Equally.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Invesco Equally on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Equally Weighted Sp or generate 0.0% return on investment in Invesco Equally over 30 days. Invesco Equally is related to or competes with Invesco Stock, Short Duration, Active International, Us Real, and Invesco Growth. The fund invests, under normal circumstances, all, or substantially all, of its assets in common stocks represented in t... More
Invesco Equally 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 Equally'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 Equally Weighted Sp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8251 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.25 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 1.04 |
Invesco Equally Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Equally's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Equally's standard deviation. In reality, there are many statistical measures that can use Invesco Equally historical prices to predict the future Invesco Equally's volatility.| Risk Adjusted Performance | 0.0445 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0356 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Equally'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 Equally Weig Backtested Returns
We consider Invesco Equally very steady. Invesco Equally Weig holds Efficiency (Sharpe) Ratio of 0.0499, which attests that the entity had a 0.0499% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Invesco Equally Weig, which you can use to evaluate the volatility of the entity. Please check out Invesco Equally's Market Risk Adjusted Performance of 0.0456, downside deviation of 0.8251, and Risk Adjusted Performance of 0.0445 to validate if the risk estimate we provide is consistent with the expected return of 0.0352%. The fund retains a Market Volatility (i.e., Beta) of 1.11, which attests to a somewhat significant risk relative to the market. Invesco Equally returns are very sensitive to returns on the market. As the market goes up or down, Invesco Equally is expected to follow.
Auto-correlation | -0.05 |
Very weak reverse predictability
Invesco Equally Weighted Sp has very weak reverse predictability. Overlapping area represents the amount of predictability between Invesco Equally time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Equally Weig price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Invesco Equally price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 1.85 |
Invesco Equally Weig lagged returns against current returns
Autocorrelation, which is Invesco Equally 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 Equally's mutual fund expected returns. We can calculate the autocorrelation of Invesco Equally returns to help us make a trade decision. For example, suppose you find that Invesco Equally 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 Equally 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 Equally mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Equally 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 Equally mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Equally Lagged Returns
When evaluating Invesco Equally's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Equally mutual fund have on its future price. Invesco Equally 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 Equally autocorrelation shows the relationship between Invesco Equally mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Equally Weighted Sp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Invesco Equally Correlation, Invesco Equally Volatility and Invesco Equally Alpha and Beta module to complement your research on Invesco Equally. Note that the Invesco Equally Weig information on this page should be used as a complementary analysis to other Invesco Equally'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 Stocks Directory module to find actively traded stocks across global markets.
Invesco Equally 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.