Invesco Growth Allocation Fund Market Value
| AAESX Fund | USD 16.25 0.07 0.43% |
| Symbol | Invesco |
Invesco Growth '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 Growth'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 Growth.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Invesco Growth on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Invesco Growth Allocation or generate 0.0% return on investment in Invesco Growth over 360 days. Invesco Growth is related to or competes with Invesco Municipal, Invesco Municipal, Invesco Municipal, Oppenheimer Rising, Invesco High, Oppenheimer Strategic, and Oppenheimer International. The fund is a fund of funds, and invests its assets in other underlying mutual funds advised by the adviser and ETFs and... More
Invesco Growth 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 Growth'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 Growth Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6269 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 2.87 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 1.08 |
Invesco Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Growth's standard deviation. In reality, there are many statistical measures that can use Invesco Growth historical prices to predict the future Invesco Growth's volatility.| Risk Adjusted Performance | 0.0799 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.0836 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Growth'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 Growth Allocation Backtested Returns
At this stage we consider Invesco Mutual Fund to be very steady. Invesco Growth Allocation holds Efficiency (Sharpe) Ratio of 0.0909, which attests that the entity had a 0.0909% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Invesco Growth Allocation, which you can use to evaluate the volatility of the entity. Please check out Invesco Growth's Risk Adjusted Performance of 0.0799, downside deviation of 0.6269, and Market Risk Adjusted Performance of 0.0936 to validate if the risk estimate we provide is consistent with the expected return of 0.0546%. The fund retains a Market Volatility (i.e., Beta) of 0.67, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Growth is expected to be smaller as well.
Auto-correlation | 0.74 |
Good predictability
Invesco Growth Allocation has good predictability. Overlapping area represents the amount of predictability between Invesco Growth time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd of November 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 Growth Allocation price movement. The serial correlation of 0.74 indicates that around 74.0% of current Invesco Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Invesco Growth Allocation lagged returns against current returns
Autocorrelation, which is Invesco Growth 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 Growth's mutual fund expected returns. We can calculate the autocorrelation of Invesco Growth returns to help us make a trade decision. For example, suppose you find that Invesco Growth 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 Growth 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 Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Growth 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 Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Growth Lagged Returns
When evaluating Invesco Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Growth mutual fund have on its future price. Invesco Growth 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 Growth autocorrelation shows the relationship between Invesco Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Growth Allocation.
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 Mutual Fund
Invesco Growth financial ratios help investors to determine whether Invesco Mutual 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 Growth security.
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