Invesco Charter Fund Market Value
| CHTVX Fund | USD 23.67 0.14 0.59% |
| Symbol | Invesco |
Invesco Charter '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 Charter'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 Charter.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Invesco Charter on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Charter Fund or generate 0.0% return on investment in Invesco Charter over 180 days. Invesco Charter is related to or competes with Ftfa Franklin, L Abbett, Qs Growth, Mid Cap, and Champlain Mid. The fund invests primarily in equity securities More
Invesco Charter 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 Charter'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 Charter Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8458 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 4.01 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.19 |
Invesco Charter Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Charter's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Charter's standard deviation. In reality, there are many statistical measures that can use Invesco Charter historical prices to predict the future Invesco Charter's volatility.| Risk Adjusted Performance | 0.1368 | |||
| Jensen Alpha | 0.019 | |||
| Total Risk Alpha | (0.0008) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1501 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Charter'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 Charter Backtested Returns
At this stage we consider Invesco Mutual Fund to be very steady. Invesco Charter holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Invesco Charter, which you can use to evaluate the volatility of the entity. Please check out Invesco Charter's Downside Deviation of 0.8458, market risk adjusted performance of 0.1601, and Risk Adjusted Performance of 0.1368 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. The fund retains a Market Volatility (i.e., Beta) of 0.84, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco Charter's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Charter is expected to be smaller as well.
Auto-correlation | 0.39 |
Below average predictability
Invesco Charter Fund has below average predictability. Overlapping area represents the amount of predictability between Invesco Charter time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Charter price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Invesco Charter price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Invesco Charter lagged returns against current returns
Autocorrelation, which is Invesco Charter 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 Charter's mutual fund expected returns. We can calculate the autocorrelation of Invesco Charter returns to help us make a trade decision. For example, suppose you find that Invesco Charter 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 Charter 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 Charter mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Charter 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 Charter mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Charter Lagged Returns
When evaluating Invesco Charter's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Charter mutual fund have on its future price. Invesco Charter 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 Charter autocorrelation shows the relationship between Invesco Charter mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Charter Fund.
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 Charter 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 Charter security.
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |