Invesco Taxable Municipal Etf Market Value
| BAB Etf | USD 26.57 0.06 0.23% |
| Symbol | Invesco |
The market value of Invesco Taxable Municipal 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 Taxable's value that differs from its market value or its book value, called intrinsic value, which is Invesco Taxable'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 Taxable's market value can be influenced by many factors that don't directly affect Invesco Taxable'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 Taxable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Taxable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Taxable'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 Taxable '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 Taxable'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 Taxable.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Invesco Taxable on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Invesco Taxable Municipal or generate 0.0% return on investment in Invesco Taxable over 720 days. Invesco Taxable is related to or competes with FlexShares Credit, FlexShares Disciplined, FlexShares Quality, and First Trust. The fund generally will invest at least 80 percent of its total assets in securities that comprise the index More
Invesco Taxable 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 Taxable'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 Taxable Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.45) | |||
| Maximum Drawdown | 1.58 | |||
| Value At Risk | (0.63) | |||
| Potential Upside | 0.5291 |
Invesco Taxable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Taxable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Taxable's standard deviation. In reality, there are many statistical measures that can use Invesco Taxable historical prices to predict the future Invesco Taxable's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.1) | |||
| Treynor Ratio | 0.4157 |
Invesco Taxable Municipal Backtested Returns
Invesco Taxable Municipal holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1% return per unit of risk over the last 3 months. Invesco Taxable Municipal exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco Taxable's Risk Adjusted Performance of (0.07), market risk adjusted performance of 0.4257, and Standard Deviation of 0.3593 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of -0.0945, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Invesco Taxable are expected to decrease at a much lower rate. During the bear market, Invesco Taxable is likely to outperform the market.
Auto-correlation | -0.55 |
Good reverse predictability
Invesco Taxable Municipal has good reverse predictability. Overlapping area represents the amount of predictability between Invesco Taxable time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Taxable Municipal price movement. The serial correlation of -0.55 indicates that about 55.0% of current Invesco Taxable price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Invesco Taxable Municipal lagged returns against current returns
Autocorrelation, which is Invesco Taxable 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 Taxable's etf expected returns. We can calculate the autocorrelation of Invesco Taxable returns to help us make a trade decision. For example, suppose you find that Invesco Taxable 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 Taxable 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 Taxable etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Taxable etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Taxable etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Taxable Lagged Returns
When evaluating Invesco Taxable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Taxable etf have on its future price. Invesco Taxable 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 Taxable autocorrelation shows the relationship between Invesco Taxable etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Taxable Municipal.
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.When determining whether Invesco Taxable Municipal offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Invesco Taxable'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 Taxable Municipal Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Invesco Taxable Municipal Etf:Check out Invesco Taxable Correlation, Invesco Taxable Volatility and Invesco Taxable Alpha and Beta module to complement your research on Invesco Taxable. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Invesco Taxable 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.