Invesco Conservative Allocation Fund Market Value
| CNSSX Fund | USD 10.96 0.01 0.09% |
| Symbol | Invesco |
Invesco Conservative '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 Conservative'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 Conservative.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Invesco Conservative on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Invesco Conservative Allocation or generate 0.0% return on investment in Invesco Conservative over 540 days. Invesco Conservative is related to or competes with Goldman Sachs, Angel Oak, The Short, Chartwell Short, Federated Ultrashort, Sterling Capital, and Ultra-short Fixed. The fund is a fund of funds, and invests its assets in other underlying mutual funds advised by the Adviser and ETFs and... More
Invesco Conservative 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 Conservative'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 Conservative Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3587 | |||
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 1.39 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.653 |
Invesco Conservative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Conservative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Conservative's standard deviation. In reality, there are many statistical measures that can use Invesco Conservative historical prices to predict the future Invesco Conservative's volatility.| Risk Adjusted Performance | 0.0456 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.28) | |||
| Treynor Ratio | 0.0508 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Conservative'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 Conservative Backtested Returns
At this stage we consider Invesco Mutual Fund to be very steady. Invesco Conservative holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Invesco Conservative, which you can use to evaluate the volatility of the entity. Please check out Invesco Conservative's Market Risk Adjusted Performance of 0.0608, risk adjusted performance of 0.0456, and Downside Deviation of 0.3587 to validate if the risk estimate we provide is consistent with the expected return of 0.0387%. The fund retains a Market Volatility (i.e., Beta) of 0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco Conservative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Conservative is expected to be smaller as well.
Auto-correlation | 0.58 |
Modest predictability
Invesco Conservative Allocation has modest predictability. Overlapping area represents the amount of predictability between Invesco Conservative time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Conservative price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Invesco Conservative price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Invesco Conservative lagged returns against current returns
Autocorrelation, which is Invesco Conservative 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 Conservative's mutual fund expected returns. We can calculate the autocorrelation of Invesco Conservative returns to help us make a trade decision. For example, suppose you find that Invesco Conservative 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 Conservative 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 Conservative mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Conservative 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 Conservative mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Conservative Lagged Returns
When evaluating Invesco Conservative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Conservative mutual fund have on its future price. Invesco Conservative 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 Conservative autocorrelation shows the relationship between Invesco Conservative mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Conservative Allocation.
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 Conservative 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 Conservative security.
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