Invesco Floating Rate Fund Market Value
| AFRFX Fund | USD 6.69 0.02 0.30% |
| Symbol | Invesco |
Invesco Floating '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 Floating'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 Floating.
| 07/02/2024 |
| 12/29/2024 |
If you would invest 0.00 in Invesco Floating on July 2, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Floating Rate or generate 0.0% return on investment in Invesco Floating over 180 days. Invesco Floating 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 senior secured floating rate loan... More
Invesco Floating 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 Floating'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 Floating Rate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.181 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 1.06 | |||
| Value At Risk | (0.15) | |||
| Potential Upside | 0.2999 |
Invesco Floating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Floating's standard deviation. In reality, there are many statistical measures that can use Invesco Floating historical prices to predict the future Invesco Floating's volatility.| Risk Adjusted Performance | 0.0897 | |||
| Jensen Alpha | 0.0179 | |||
| Total Risk Alpha | 0.0127 | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (1.11) |
Invesco Floating Rate Backtested Returns
At this stage we consider Invesco Mutual Fund to be very steady. Invesco Floating Rate holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Invesco Floating Rate, which you can use to evaluate the volatility of the entity. Please check out Invesco Floating's Risk Adjusted Performance of 0.0897, market risk adjusted performance of (1.10), and Coefficient Of Variation of 637.43 to validate if the risk estimate we provide is consistent with the expected return of 0.0165%. The fund retains a Market Volatility (i.e., Beta) of -0.0158, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Invesco Floating are expected to decrease at a much lower rate. During the bear market, Invesco Floating is likely to outperform the market.
Auto-correlation | 0.87 |
Very good predictability
Invesco Floating Rate has very good predictability. Overlapping area represents the amount of predictability between Invesco Floating time series from 2nd of July 2024 to 30th of September 2024 and 30th of September 2024 to 29th 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 Floating Rate price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Invesco Floating price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Invesco Floating Rate lagged returns against current returns
Autocorrelation, which is Invesco Floating 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 Floating's mutual fund expected returns. We can calculate the autocorrelation of Invesco Floating returns to help us make a trade decision. For example, suppose you find that Invesco Floating 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 Floating 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 Floating mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Floating 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 Floating mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Floating Lagged Returns
When evaluating Invesco Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Floating mutual fund have on its future price. Invesco Floating 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 Floating autocorrelation shows the relationship between Invesco Floating mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Floating Rate.
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 Floating 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 Floating security.
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