Invesco Fundamental Investment Etf Market Value
| PFIG Etf | USD 23.26 0.05 0.22% |
| Symbol | Invesco |
The market value of Invesco Fundamental is measured differently than its book value, which is the value of Invesco that is recorded on the company's balance sheet. Investors also form their own opinion of Invesco Fundamental's value that differs from its market value or its book value, called intrinsic value, which is Invesco Fundamental's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Invesco Fundamental's market value can be influenced by many factors that don't directly affect Invesco Fundamental's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Invesco Fundamental's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Fundamental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Fundamental's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Invesco Fundamental '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 Fundamental's etf 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 Fundamental.
| 06/14/2022 |
| 05/04/2024 |
If you would invest 0.00 in Invesco Fundamental on June 14, 2022 and sell it all today you would earn a total of 0.00 from holding Invesco Fundamental Investment or generate 0.0% return on investment in Invesco Fundamental over 690 days. Invesco Fundamental is related to or competes with IShares IBonds, IShares 25, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, and High-yield Municipal. The fund generally will invest at least 80 percent of its total assets in the components that comprise the index More
Invesco Fundamental 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 Fundamental's etf 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 Fundamental Investment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 1.25 | |||
| Value At Risk | (0.51) | |||
| Potential Upside | 0.3868 |
Invesco Fundamental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Fundamental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Fundamental's standard deviation. In reality, there are many statistical measures that can use Invesco Fundamental historical prices to predict the future Invesco Fundamental's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Fundamental'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 Fundamental Backtested Returns
We consider Invesco Fundamental very steady. Invesco Fundamental holds Efficiency (Sharpe) Ratio of 0.0013, which attests that the entity had a 0.0013% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Invesco Fundamental, which you can use to evaluate the volatility of the entity. Please check out Invesco Fundamental's Market Risk Adjusted Performance of (0.07), standard deviation of 0.2865, and Risk Adjusted Performance of (0.03) to validate if the risk estimate we provide is consistent with the expected return of 4.0E-4%. The etf retains a Market Volatility (i.e., Beta) of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Fundamental's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Fundamental is expected to be smaller as well.
Auto-correlation | 0.62 |
Good predictability
Invesco Fundamental Investment has good predictability. Overlapping area represents the amount of predictability between Invesco Fundamental time series from 14th of June 2022 to 25th of May 2023 and 25th of May 2023 to 4th 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 Fundamental price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Invesco Fundamental price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Invesco Fundamental lagged returns against current returns
Autocorrelation, which is Invesco Fundamental etf'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 Fundamental's etf expected returns. We can calculate the autocorrelation of Invesco Fundamental returns to help us make a trade decision. For example, suppose you find that Invesco Fundamental has exhibited high autocorrelation historically, and you observe that the etf 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 Fundamental 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 Fundamental etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Fundamental etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Fundamental etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Fundamental Lagged Returns
When evaluating Invesco Fundamental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Fundamental etf have on its future price. Invesco Fundamental 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 Fundamental autocorrelation shows the relationship between Invesco Fundamental etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Fundamental Investment.
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 Fundamental 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 Fundamental's short interest history, or implied volatility extrapolated from Invesco Fundamental options trading.
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Check out Invesco Fundamental Correlation, Invesco Fundamental Volatility and Invesco Fundamental Alpha and Beta module to complement your research on Invesco Fundamental. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Invesco Fundamental technical etf 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, etf market cycles, or different charting patterns.