Invesco Stock Fund Market Value
| ACSDX Fund | USD 32.95 0.21 0.64% |
| Symbol | Invesco |
Invesco Comstock '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 Comstock'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 Comstock.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Invesco Comstock on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Stock Fund or generate 0.0% return on investment in Invesco Comstock over 180 days. Invesco Comstock is related to or competes with Invesco Municipal, Invesco Municipal, Invesco Municipal, Oppenheimer Rising, Invesco High, Oppenheimer Strategic, and Oppenheimer International. The fund invests, under normal circumstances, at least 80 percent of its net assets in common stocks, and in derivatives... More
Invesco Comstock 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 Comstock'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 Stock Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.543 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.32 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 1.01 |
Invesco Comstock Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Comstock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Comstock's standard deviation. In reality, there are many statistical measures that can use Invesco Comstock historical prices to predict the future Invesco Comstock's volatility.| Risk Adjusted Performance | 0.125 | |||
| Jensen Alpha | 0.0048 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1241 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Comstock'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 Comstock Backtested Returns
At this stage we consider Invesco Mutual Fund to be very steady. Invesco Comstock 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-seven technical indicators for Invesco Comstock, which you can use to evaluate the volatility of the entity. Please check out Invesco Comstock's Market Risk Adjusted Performance of 0.1341, downside deviation of 0.543, and Risk Adjusted Performance of 0.125 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. The fund retains a Market Volatility (i.e., Beta) of 0.88, which attests to possible diversification benefits within a given portfolio. Invesco Comstock returns are very sensitive to returns on the market. As the market goes up or down, Invesco Comstock is expected to follow.
Auto-correlation | 0.70 |
Good predictability
Invesco Stock Fund has good predictability. Overlapping area represents the amount of predictability between Invesco Comstock time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Comstock price movement. The serial correlation of 0.7 indicates that around 70.0% of current Invesco Comstock price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
Invesco Comstock lagged returns against current returns
Autocorrelation, which is Invesco Comstock 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 Comstock's mutual fund expected returns. We can calculate the autocorrelation of Invesco Comstock returns to help us make a trade decision. For example, suppose you find that Invesco Comstock 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 Comstock 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 Comstock mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Comstock 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 Comstock mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Comstock Lagged Returns
When evaluating Invesco Comstock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Comstock mutual fund have on its future price. Invesco Comstock 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 Comstock autocorrelation shows the relationship between Invesco Comstock mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Stock Fund.
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 Comstock 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 Comstock security.
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