Invesco Alerian Galaxy Etf Market Value
| BLKC Etf | USD 24.49 0.33 1.37% |
| Symbol | Invesco |
The market value of Invesco Alerian Galaxy 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 Alerian's value that differs from its market value or its book value, called intrinsic value, which is Invesco Alerian'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 Alerian's market value can be influenced by many factors that don't directly affect Invesco Alerian'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 Alerian's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Alerian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Alerian'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 Alerian '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 Alerian'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 Alerian.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in Invesco Alerian on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding Invesco Alerian Galaxy or generate 0.0% return on investment in Invesco Alerian over 30 days. Invesco Alerian is related to or competes with Invesco Alerian, Global X, VanEck Digital, First Trust, and Bitwise Crypto. The fund generally will invest at least 80 percent of its total assets in the securities that comprise the underlying in... More
Invesco Alerian 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 Alerian'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 Alerian Galaxy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.33 | |||
| Information Ratio | 0.0926 | |||
| Maximum Drawdown | 15.16 | |||
| Value At Risk | (3.44) | |||
| Potential Upside | 3.91 |
Invesco Alerian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Alerian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Alerian's standard deviation. In reality, there are many statistical measures that can use Invesco Alerian historical prices to predict the future Invesco Alerian's volatility.| Risk Adjusted Performance | 0.0759 | |||
| Jensen Alpha | 0.2319 | |||
| Total Risk Alpha | 0.2282 | |||
| Sortino Ratio | 0.0991 | |||
| Treynor Ratio | 1.14 |
Invesco Alerian Galaxy Backtested Returns
At this point, Invesco Alerian is very steady. Invesco Alerian Galaxy holds Efficiency (Sharpe) Ratio of 0.0657, which attests that the entity had a 0.0657 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Invesco Alerian Galaxy, which you can use to evaluate the volatility of the entity. Please check out Invesco Alerian's Risk Adjusted Performance of 0.0759, downside deviation of 2.33, and Market Risk Adjusted Performance of 1.15 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. The etf retains a Market Volatility (i.e., Beta) of 0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Alerian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Alerian is expected to be smaller as well.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Invesco Alerian Galaxy has insignificant reverse predictability. Overlapping area represents the amount of predictability between Invesco Alerian time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th of February 2025. 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 Alerian Galaxy price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Invesco Alerian price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Invesco Alerian Galaxy lagged returns against current returns
Autocorrelation, which is Invesco Alerian 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 Alerian's etf expected returns. We can calculate the autocorrelation of Invesco Alerian returns to help us make a trade decision. For example, suppose you find that Invesco Alerian 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 Alerian 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 Alerian etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Alerian etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Alerian etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Alerian Lagged Returns
When evaluating Invesco Alerian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Alerian etf have on its future price. Invesco Alerian 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 Alerian autocorrelation shows the relationship between Invesco Alerian etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Alerian Galaxy.
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 Alerian Galaxy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Invesco Alerian'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 Alerian Galaxy Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Invesco Alerian Galaxy Etf:Check out Invesco Alerian Correlation, Invesco Alerian Volatility and Invesco Alerian Alpha and Beta module to complement your research on Invesco Alerian. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Invesco Alerian 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.