Invesco High Income Fund Market Value
| IHTA Fund | USD 7.57 0.05 0.66% |
| Symbol | Invesco |
Invesco High '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 High's 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 High.
| 10/01/2022 |
| 09/20/2024 |
If you would invest 0.00 in Invesco High on October 1, 2022 and sell it all today you would earn a total of 0.00 from holding Invesco High Income or generate 0.0% return on investment in Invesco High over 720 days. Invesco High is related to or competes with MFS Investment, Eaton Vance, Nuveen California, Federated Premier, and Blackrock Muniholdings. Invesco High is entity of United States. It is traded as Fund on NYSE exchange. More
Invesco High 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 High's 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 High Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7808 | |||
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 2.56 | |||
| Value At Risk | (0.81) | |||
| Potential Upside | 0.5348 |
Invesco High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco High's standard deviation. In reality, there are many statistical measures that can use Invesco High historical prices to predict the future Invesco High's volatility.| Risk Adjusted Performance | 0.0225 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.0842 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco High'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 High Income Backtested Returns
At this point, Invesco High is very steady. Invesco High Income holds Efficiency (Sharpe) Ratio of 0.082, which attests that the entity had a 0.082% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Invesco High Income, which you can use to evaluate the volatility of the entity. Please check out Invesco High's Risk Adjusted Performance of 0.0225, market risk adjusted performance of 0.0942, and Downside Deviation of 0.7808 to validate if the risk estimate we provide is consistent with the expected return of 0.0354%. The fund retains a Market Volatility (i.e., Beta) of 0.0853, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco High is expected to be smaller as well.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Invesco High Income has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Invesco High time series from 1st of October 2022 to 26th of September 2023 and 26th of September 2023 to 20th of September 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 High Income price movement. The serial correlation of -0.76 indicates that around 76.0% of current Invesco High price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Invesco High Income lagged returns against current returns
Autocorrelation, which is Invesco High 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 High's fund expected returns. We can calculate the autocorrelation of Invesco High returns to help us make a trade decision. For example, suppose you find that Invesco High has exhibited high autocorrelation historically, and you observe that the 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 High 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 High fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco High fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco High fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco High Lagged Returns
When evaluating Invesco High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco High fund have on its future price. Invesco High 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 High autocorrelation shows the relationship between Invesco High fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco High Income.
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.Other Information on Investing in Invesco Fund
Invesco High financial ratios help investors to determine whether Invesco Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Invesco with respect to the benefits of owning Invesco High security.
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