Invesco Balanced Risk Modity Fund Market Value
| BRCNX Fund | USD 7.01 0.03 0.43% |
| Symbol | Invesco |
Invesco Balanced-risk '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 Balanced-risk'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 Balanced-risk.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Invesco Balanced-risk on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Invesco Balanced Risk Modity or generate 0.0% return on investment in Invesco Balanced-risk over 720 days. Invesco Balanced-risk is related to or competes with Franklin Convertible, Calamos Dynamic, Lord Abbett, Columbia Convertible, Mainstay Convertible, Harbor Convertible, and Absolute Convertible. The fund invests, under normal conditions, in derivatives and other commodity-linked instruments whose performance is ex... More
Invesco Balanced-risk 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 Balanced-risk'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 Balanced Risk Modity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9419 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.76 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.57 |
Invesco Balanced-risk Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Balanced-risk's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Balanced-risk's standard deviation. In reality, there are many statistical measures that can use Invesco Balanced-risk historical prices to predict the future Invesco Balanced-risk's volatility.| Risk Adjusted Performance | 0.0628 | |||
| Jensen Alpha | 0.0487 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.795 |
Invesco Balanced Risk Backtested Returns
At this stage we consider Invesco Mutual Fund to be not too volatile. Invesco Balanced Risk holds Efficiency (Sharpe) Ratio of 0.0343, which attests that the entity had a 0.0343% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Invesco Balanced Risk, which you can use to evaluate the volatility of the entity. Please check out Invesco Balanced-risk's Market Risk Adjusted Performance of 0.805, downside deviation of 0.9419, and Risk Adjusted Performance of 0.0628 to validate if the risk estimate we provide is consistent with the expected return of 0.028%. The fund retains a Market Volatility (i.e., Beta) of 0.0723, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Balanced-risk's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Balanced-risk is expected to be smaller as well.
Auto-correlation | -0.31 |
Poor reverse predictability
Invesco Balanced Risk Modity has poor reverse predictability. Overlapping area represents the amount of predictability between Invesco Balanced-risk time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Balanced Risk price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Invesco Balanced-risk price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Invesco Balanced Risk lagged returns against current returns
Autocorrelation, which is Invesco Balanced-risk 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 Balanced-risk's mutual fund expected returns. We can calculate the autocorrelation of Invesco Balanced-risk returns to help us make a trade decision. For example, suppose you find that Invesco Balanced-risk 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 Balanced-risk 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 Balanced-risk mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Balanced-risk 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 Balanced-risk mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Balanced-risk Lagged Returns
When evaluating Invesco Balanced-risk's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Balanced-risk mutual fund have on its future price. Invesco Balanced-risk 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 Balanced-risk autocorrelation shows the relationship between Invesco Balanced-risk mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Balanced Risk Modity.
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 Balanced-risk 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 Balanced-risk security.
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