Invesco Global Companies Fund Market Value
| 0P000072UA | CAD 76.48 0.60 0.78% |
| Symbol | Invesco |
Invesco Global '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 Global'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 Global.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Invesco Global on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Invesco Global Companies or generate 0.0% return on investment in Invesco Global over 720 days. Invesco Global is related to or competes with Edgepoint Global, RBC Global, TD Comfort. Invesco Global Companies Fund seeks to achieve strong capital growth with a high degree of reliability over the long ter... More
Invesco Global 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 Global'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 Global Companies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6079 | |||
| Information Ratio | 0.0405 | |||
| Maximum Drawdown | 4.02 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 1.15 |
Invesco Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Global's standard deviation. In reality, there are many statistical measures that can use Invesco Global historical prices to predict the future Invesco Global's volatility.| Risk Adjusted Performance | 0.1504 | |||
| Jensen Alpha | 0.1182 | |||
| Total Risk Alpha | 0.0354 | |||
| Sortino Ratio | 0.0444 | |||
| Treynor Ratio | 1.24 |
Invesco Global Companies Backtested Returns
At this point, Invesco Global is very steady. Invesco Global Companies holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Invesco Global Companies, which you can use to evaluate the volatility of the entity. Please check out Invesco Global's Risk Adjusted Performance of 0.1504, market risk adjusted performance of 1.25, and Downside Deviation of 0.6079 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The fund retains a Market Volatility (i.e., Beta) of 0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Global is expected to be smaller as well.
Auto-correlation | 0.69 |
Good predictability
Invesco Global Companies has good predictability. Overlapping area represents the amount of predictability between Invesco Global time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th of December 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 Global Companies price movement. The serial correlation of 0.69 indicates that around 69.0% of current Invesco Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 17.67 |
Invesco Global Companies lagged returns against current returns
Autocorrelation, which is Invesco Global 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 Global's fund expected returns. We can calculate the autocorrelation of Invesco Global returns to help us make a trade decision. For example, suppose you find that Invesco Global 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 Global 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 Global fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Global fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Global fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Global Lagged Returns
When evaluating Invesco Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Global fund have on its future price. Invesco Global 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 Global autocorrelation shows the relationship between Invesco Global fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Global Companies.
Regressed Prices |
| Timeline |
Pair Trading with Invesco Global
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Invesco Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Invesco Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Invesco Fund
| 0.95 | 0P0000IUYO | Edgepoint Global Por | PairCorr |
| 0.94 | 0P00012UCU | RBC Global Equity | PairCorr |
| 0.96 | 0P0001FAU5 | TD Comfort Aggressive | PairCorr |
The ability to find closely correlated positions to Invesco Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Invesco Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Invesco Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Invesco Global Companies to buy it.
The correlation of Invesco Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Invesco Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco Global Companies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Invesco Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Invesco Fund
Invesco Global 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 Global security.
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