Invesco Aerospace Defense Etf Market Value

PPA Etf  USD 116.48  0.23  0.20%   
Invesco Aerospace's market value is the price at which a share of Invesco Aerospace trades on a public exchange. It measures the collective expectations of Invesco Aerospace Defense investors about its performance. Invesco Aerospace is trading at 116.48 as of the 9th of October 2024, a 0.20 percent increase since the beginning of the trading day. The etf's open price was 116.25.
With this module, you can estimate the performance of a buy and hold strategy of Invesco Aerospace Defense and determine expected loss or profit from investing in Invesco Aerospace over a given investment horizon. Check out Invesco Aerospace Correlation, Invesco Aerospace Volatility and Invesco Aerospace Alpha and Beta module to complement your research on Invesco Aerospace.
Symbol

The market value of Invesco Aerospace Defense 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 Aerospace's value that differs from its market value or its book value, called intrinsic value, which is Invesco Aerospace'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 Aerospace's market value can be influenced by many factors that don't directly affect Invesco Aerospace'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 Aerospace's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Aerospace is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Aerospace'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 Aerospace '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 Aerospace'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 Aerospace.
0.00
07/11/2024
No Change 0.00  0.0 
In 3 months and 1 day
10/09/2024
0.00
If you would invest  0.00  in Invesco Aerospace on July 11, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Aerospace Defense or generate 0.0% return on investment in Invesco Aerospace over 90 days. Invesco Aerospace is related to or competes with SPDR SP, IShares Aerospace, Invesco Dynamic, and Invesco Dynamic. The fund generally will invest at least 90 percent of its total assets in securities that comprise the underlying index More

Invesco Aerospace 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 Aerospace'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 Aerospace Defense upside and downside potential and time the market with a certain degree of confidence.

Invesco Aerospace Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Aerospace's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Aerospace's standard deviation. In reality, there are many statistical measures that can use Invesco Aerospace historical prices to predict the future Invesco Aerospace's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Aerospace'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.
Hype
Prediction
LowEstimatedHigh
115.41116.48117.55
Details
Intrinsic
Valuation
LowRealHigh
104.13105.20128.13
Details
Naive
Forecast
LowNextHigh
115.96117.02118.09
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
108.38113.34118.30
Details

Invesco Aerospace Defense Backtested Returns

At this point, Invesco Aerospace is very steady. Invesco Aerospace Defense holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco Aerospace Defense, which you can use to evaluate the volatility of the entity. Please check out Invesco Aerospace's Downside Deviation of 1.23, market risk adjusted performance of 0.1923, and Risk Adjusted Performance of 0.1503 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. The etf retains a Market Volatility (i.e., Beta) of 0.99, which attests to possible diversification benefits within a given portfolio. Invesco Aerospace returns are very sensitive to returns on the market. As the market goes up or down, Invesco Aerospace is expected to follow.

Auto-correlation

    
  0.59  

Modest predictability

Invesco Aerospace Defense has modest predictability. Overlapping area represents the amount of predictability between Invesco Aerospace time series from 11th of July 2024 to 25th of August 2024 and 25th of August 2024 to 9th of October 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 Aerospace Defense price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Invesco Aerospace price fluctuation can be explain by its past prices.
Correlation Coefficient0.59
Spearman Rank Test0.75
Residual Average0.0
Price Variance5.79

Invesco Aerospace Defense lagged returns against current returns

Autocorrelation, which is Invesco Aerospace 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 Aerospace's etf expected returns. We can calculate the autocorrelation of Invesco Aerospace returns to help us make a trade decision. For example, suppose you find that Invesco Aerospace 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 Aerospace 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 Aerospace etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Aerospace etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Aerospace etf over time.
   Current vs Lagged Prices   
       Timeline  

Invesco Aerospace Lagged Returns

When evaluating Invesco Aerospace's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Aerospace etf have on its future price. Invesco Aerospace 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 Aerospace autocorrelation shows the relationship between Invesco Aerospace etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Aerospace Defense.
   Regressed Prices   
       Timeline  

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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.
When determining whether Invesco Aerospace Defense offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Invesco Aerospace's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Invesco Aerospace Defense Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Invesco Aerospace Defense Etf:
Check out Invesco Aerospace Correlation, Invesco Aerospace Volatility and Invesco Aerospace Alpha and Beta module to complement your research on Invesco Aerospace.
You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Invesco Aerospace 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.
A focus of Invesco Aerospace technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Invesco Aerospace trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...