Invesco Exchange Traded Self Indexed Etf Market Value
| BSCW Etf | USD 20.25 0.01 0.05% |
| Symbol | Invesco |
The market value of Invesco Exchange Traded 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 Exchange's value that differs from its market value or its book value, called intrinsic value, which is Invesco Exchange'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 Exchange's market value can be influenced by many factors that don't directly affect Invesco Exchange'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 Exchange's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Exchange is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Exchange'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 Exchange '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 Exchange'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 Exchange.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Invesco Exchange on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Invesco Exchange Traded Self Indexed or generate 0.0% return on investment in Invesco Exchange over 360 days. Invesco Exchange is related to or competes with Invesco BulletShares, Invesco Exchange, Invesco BulletShares, Invesco BulletShares, and Invesco BulletShares. The fund generally will invest at least 80 percent of its total assets in securities that comprise the index More
Invesco Exchange 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 Exchange'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 Exchange Traded Self Indexed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.47) | |||
| Maximum Drawdown | 1.73 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.4953 |
Invesco Exchange Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Exchange's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Exchange's standard deviation. In reality, there are many statistical measures that can use Invesco Exchange historical prices to predict the future Invesco Exchange's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 1.46 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Exchange'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 Exchange Traded Backtested Returns
Invesco Exchange Traded holds Efficiency (Sharpe) Ratio of -0.0763, which attests that the entity had a -0.0763% return per unit of risk over the last 3 months. Invesco Exchange Traded exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco Exchange's Risk Adjusted Performance of (0.05), market risk adjusted performance of 1.47, and Standard Deviation of 0.3152 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of -0.0177, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Invesco Exchange are expected to decrease at a much lower rate. During the bear market, Invesco Exchange is likely to outperform the market.
Auto-correlation | -0.1 |
Very weak reverse predictability
Invesco Exchange Traded Self Indexed has very weak reverse predictability. Overlapping area represents the amount of predictability between Invesco Exchange time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 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 Exchange Traded price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Invesco Exchange price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Invesco Exchange Traded lagged returns against current returns
Autocorrelation, which is Invesco Exchange 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 Exchange's etf expected returns. We can calculate the autocorrelation of Invesco Exchange returns to help us make a trade decision. For example, suppose you find that Invesco Exchange 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 Exchange 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 Exchange etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Exchange etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Exchange etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Exchange Lagged Returns
When evaluating Invesco Exchange's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Exchange etf have on its future price. Invesco Exchange 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 Exchange autocorrelation shows the relationship between Invesco Exchange etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Exchange Traded Self Indexed.
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 Exchange Traded is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Invesco Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Invesco Exchange Traded Self Indexed Etf. Highlighted below are key reports to facilitate an investment decision about Invesco Exchange Traded Self Indexed Etf:Check out Invesco Exchange Correlation, Invesco Exchange Volatility and Invesco Exchange Alpha and Beta module to complement your research on Invesco Exchange. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Invesco Exchange 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.