Invesco Zacks Mid Cap Etf Market Value
| CZA Etf | USD 112.45 0.96 0.86% |
| Symbol | Invesco |
The market value of Invesco Zacks Mid 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 Zacks' value that differs from its market value or its book value, called intrinsic value, which is Invesco Zacks' 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 Zacks' market value can be influenced by many factors that don't directly affect Invesco Zacks' 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 Zacks' value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Zacks is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Zacks' 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 Zacks '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 Zacks' 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 Zacks.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Invesco Zacks on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Zacks Mid Cap or generate 0.0% return on investment in Invesco Zacks over 180 days. Invesco Zacks is related to or competes with Vanguard Mid, Vanguard Extended, IShares Core, IShares Russell, SPDR SP, First Trust, and Vanguard. The fund generally will invest at least 90 percent of its total assets in securities that comprise the underlying index,... More
Invesco Zacks 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 Zacks' 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 Zacks Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6653 | |||
| Information Ratio | 0.019 | |||
| Maximum Drawdown | 4.07 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 1.31 |
Invesco Zacks Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Zacks' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Zacks' standard deviation. In reality, there are many statistical measures that can use Invesco Zacks historical prices to predict the future Invesco Zacks' volatility.| Risk Adjusted Performance | 0.1257 | |||
| Jensen Alpha | 0.0293 | |||
| Total Risk Alpha | 0.0159 | |||
| Sortino Ratio | 0.0214 | |||
| Treynor Ratio | 0.1341 |
Invesco Zacks Mid Backtested Returns
At this point, Invesco Zacks is very steady. Invesco Zacks Mid holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Invesco Zacks Mid, which you can use to evaluate the volatility of the entity. Please check out Invesco Zacks' Market Risk Adjusted Performance of 0.1441, risk adjusted performance of 0.1257, and Downside Deviation of 0.6653 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. The etf retains a Market Volatility (i.e., Beta) of 0.85, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco Zacks' returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Zacks is expected to be smaller as well.
Auto-correlation | 0.59 |
Modest predictability
Invesco Zacks Mid Cap has modest predictability. Overlapping area represents the amount of predictability between Invesco Zacks time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Zacks Mid price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Invesco Zacks price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 5.87 |
Invesco Zacks Mid lagged returns against current returns
Autocorrelation, which is Invesco Zacks 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 Zacks' etf expected returns. We can calculate the autocorrelation of Invesco Zacks returns to help us make a trade decision. For example, suppose you find that Invesco Zacks 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 Zacks 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 Zacks etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Zacks etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Zacks etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Zacks Lagged Returns
When evaluating Invesco Zacks' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Zacks etf have on its future price. Invesco Zacks 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 Zacks autocorrelation shows the relationship between Invesco Zacks etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Zacks Mid Cap.
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 Zacks Mid offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Invesco Zacks' 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 Zacks Mid Cap Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Invesco Zacks Mid Cap Etf:Check out Invesco Zacks Correlation, Invesco Zacks Volatility and Invesco Zacks Alpha and Beta module to complement your research on Invesco Zacks. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Invesco Zacks 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.