Invesco Sp 500 Etf Market Value
| EQL Etf | CAD 39.46 0.04 0.10% |
| Symbol | Invesco |
Invesco SP '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 SP'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 SP.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Invesco SP on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco SP 500 or generate 0.0% return on investment in Invesco SP over 30 days. Invesco SP is related to or competes with IShares Core, IShares SPTSX, BMO NASDAQ, Vanguard, and Vanguard. EQL seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the SP 500 Eq... More
Invesco SP 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 SP'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 SP 500 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4492 | |||
| Information Ratio | 0.0939 | |||
| Maximum Drawdown | 3.85 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 1.16 |
Invesco SP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco SP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco SP's standard deviation. In reality, there are many statistical measures that can use Invesco SP historical prices to predict the future Invesco SP's volatility.| Risk Adjusted Performance | 0.2016 | |||
| Jensen Alpha | 0.1603 | |||
| Total Risk Alpha | 0.0713 | |||
| Sortino Ratio | 0.1395 | |||
| Treynor Ratio | 1.2 |
Invesco SP 500 Backtested Returns
As of now, Invesco Etf is very steady. Invesco SP 500 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-eight technical indicators for Invesco SP 500, which you can use to evaluate the volatility of the entity. Please check out Invesco SP's Coefficient Of Variation of 356.77, risk adjusted performance of 0.2016, and Market Risk Adjusted Performance of 1.21 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. The etf retains a Market Volatility (i.e., Beta) of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco SP's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco SP is expected to be smaller as well.
Auto-correlation | -0.51 |
Good reverse predictability
Invesco SP 500 has good reverse predictability. Overlapping area represents the amount of predictability between Invesco SP time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 SP 500 price movement. The serial correlation of -0.51 indicates that about 51.0% of current Invesco SP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Invesco SP 500 lagged returns against current returns
Autocorrelation, which is Invesco SP 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 SP's etf expected returns. We can calculate the autocorrelation of Invesco SP returns to help us make a trade decision. For example, suppose you find that Invesco SP 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 SP 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 SP etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco SP etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco SP etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco SP Lagged Returns
When evaluating Invesco SP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco SP etf have on its future price. Invesco SP 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 SP autocorrelation shows the relationship between Invesco SP etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco SP 500.
Regressed Prices |
| Timeline |
Pair Trading with Invesco SP
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Invesco SP position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Invesco SP will appreciate offsetting losses from the drop in the long position's value.Moving together with Invesco Etf
| 0.92 | XSP | iShares Core SP | PairCorr |
| 0.95 | ZSP | BMO SP 500 | PairCorr |
| 0.95 | VFV | Vanguard SP 500 | PairCorr |
| 0.95 | HXS | Global X SP | PairCorr |
| 0.95 | XUS | iShares Core SP | PairCorr |
The ability to find closely correlated positions to Invesco SP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Invesco SP when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Invesco SP - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Invesco SP 500 to buy it.
The correlation of Invesco SP is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Invesco SP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco SP 500 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Invesco SP can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Invesco SP Correlation, Invesco SP Volatility and Invesco SP Alpha and Beta module to complement your research on Invesco SP. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Invesco SP 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.