Invesco Core Bond Fund Market Value
| TRTMX Fund | USD 5.56 0.03 0.54% |
| Symbol | Invesco |
Invesco Core '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 Core'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 Core.
| 04/07/2024 |
| 05/07/2024 |
If you would invest 0.00 in Invesco Core on April 7, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Core Bond or generate 0.0% return on investment in Invesco Core over 30 days. Invesco Core is related to or competes with Invesco Municipal, Invesco Municipal, Invesco Municipal, Oppenheimer Rising, Invesco High, Oppenheimer Strategic, and Oppenheimer International. Under normal market conditions, the fund invests at least 80 percent of its net assets, plus borrowings for investment p... More
Invesco Core 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 Core'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 Core Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 1.98 | |||
| Value At Risk | (0.71) | |||
| Potential Upside | 0.5329 |
Invesco Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Core's standard deviation. In reality, there are many statistical measures that can use Invesco Core historical prices to predict the future Invesco Core's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.52) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Core'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 Core Bond Backtested Returns
Invesco Core Bond holds Efficiency (Sharpe) Ratio of -0.0147, which attests that the entity had a -0.0147% return per unit of risk over the last 3 months. Invesco Core Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco Core's Risk Adjusted Performance of (0.04), standard deviation of 0.3782, and Market Risk Adjusted Performance of (0.51) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.0542, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Core is expected to be smaller as well.
Auto-correlation | -0.51 |
Good reverse predictability
Invesco Core Bond has good reverse predictability. Overlapping area represents the amount of predictability between Invesco Core time series from 7th of April 2024 to 22nd of April 2024 and 22nd of April 2024 to 7th 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 Core Bond price movement. The serial correlation of -0.51 indicates that about 51.0% of current Invesco Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Invesco Core Bond lagged returns against current returns
Autocorrelation, which is Invesco Core 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 Core's mutual fund expected returns. We can calculate the autocorrelation of Invesco Core returns to help us make a trade decision. For example, suppose you find that Invesco Core 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 Core 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 Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Core 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 Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Core Lagged Returns
When evaluating Invesco Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Core mutual fund have on its future price. Invesco Core 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 Core autocorrelation shows the relationship between Invesco Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Core Bond.
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 Core 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 Core's short interest history, or implied volatility extrapolated from Invesco Core options trading.
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Check out Invesco Core Correlation, Invesco Core Volatility and Invesco Core Alpha and Beta module to complement your research on Invesco Core. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Invesco Core 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.