Invesco Currencyshares Swiss Etf Market Value
| FXF Etf | USD 100.20 0.23 0.23% |
| Symbol | Invesco |
The market value of Invesco CurrencyShares 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 CurrencyShares' value that differs from its market value or its book value, called intrinsic value, which is Invesco CurrencyShares' 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 CurrencyShares' market value can be influenced by many factors that don't directly affect Invesco CurrencyShares' 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 CurrencyShares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco CurrencyShares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco CurrencyShares' 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 CurrencyShares '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 CurrencyShares' 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 CurrencyShares.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Invesco CurrencyShares on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Invesco CurrencyShares Swiss or generate 0.0% return on investment in Invesco CurrencyShares over 720 days. Invesco CurrencyShares is related to or competes with Invesco CurrencyShares, Invesco CurrencyShares, Invesco CurrencyShares, Invesco CurrencyShares, and Invesco CurrencyShares. The sponsor believes that, for many investors, the shares represent a cost-effective investment relative to traditional ... More
Invesco CurrencyShares 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 CurrencyShares' 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 CurrencyShares Swiss upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 2.23 | |||
| Value At Risk | (0.77) | |||
| Potential Upside | 0.5451 |
Invesco CurrencyShares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco CurrencyShares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco CurrencyShares' standard deviation. In reality, there are many statistical measures that can use Invesco CurrencyShares historical prices to predict the future Invesco CurrencyShares' volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 0.2864 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco CurrencyShares' 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 CurrencyShares Backtested Returns
Invesco CurrencyShares 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. Invesco CurrencyShares exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco CurrencyShares' Market Risk Adjusted Performance of 0.2964, standard deviation of 0.4429, and Risk Adjusted Performance of (0.1) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of -0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Invesco CurrencyShares are expected to decrease at a much lower rate. During the bear market, Invesco CurrencyShares is likely to outperform the market.
Auto-correlation | -0.26 |
Weak reverse predictability
Invesco CurrencyShares Swiss has weak reverse predictability. Overlapping area represents the amount of predictability between Invesco CurrencyShares time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 CurrencyShares price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Invesco CurrencyShares price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 6.01 |
Invesco CurrencyShares lagged returns against current returns
Autocorrelation, which is Invesco CurrencyShares 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 CurrencyShares' etf expected returns. We can calculate the autocorrelation of Invesco CurrencyShares returns to help us make a trade decision. For example, suppose you find that Invesco CurrencyShares 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 |
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Invesco CurrencyShares 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 CurrencyShares etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco CurrencyShares etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco CurrencyShares etf over time.
Current vs Lagged Prices |
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Invesco CurrencyShares Lagged Returns
When evaluating Invesco CurrencyShares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco CurrencyShares etf have on its future price. Invesco CurrencyShares 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 CurrencyShares autocorrelation shows the relationship between Invesco CurrencyShares etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco CurrencyShares Swiss.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Invesco CurrencyShares is a strong investment it is important to analyze Invesco CurrencyShares' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Invesco CurrencyShares' future performance. For an informed investment choice regarding Invesco Etf, refer to the following important reports:Check out Invesco CurrencyShares Correlation, Invesco CurrencyShares Volatility and Invesco CurrencyShares Alpha and Beta module to complement your research on Invesco CurrencyShares. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Invesco CurrencyShares 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.