Invesco Total Return Etf Market Value
| GTO Etf | USD 47.10 0.36 0.77% |
| Symbol | Invesco |
The market value of Invesco Total Return 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 Total's value that differs from its market value or its book value, called intrinsic value, which is Invesco Total's 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 Total's market value can be influenced by many factors that don't directly affect Invesco Total's 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 Total's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Total is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Total's 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 Total '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 Total'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 Total.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Invesco Total on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Total Return or generate 0.0% return on investment in Invesco Total over 30 days. Invesco Total is related to or competes with Fidelity Total, PIMCO Enhanced, IShares Yield, Invesco Variable, and WisdomTree Yield. The fund will normally invest in a portfolio of fixed income instruments of varying maturities and of any credit quality More
Invesco Total 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 Total'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 Total Return upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.57) | |||
| Maximum Drawdown | 1.22 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 0.401 |
Invesco Total Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Total's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Total's standard deviation. In reality, there are many statistical measures that can use Invesco Total historical prices to predict the future Invesco Total's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.8359 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Total'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 Total Return Backtested Returns
Invesco Total Return holds Efficiency (Sharpe) Ratio of -0.0437, which attests that the entity had a -0.0437% return per unit of risk over the last 3 months. Invesco Total Return exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco Total's Standard Deviation of 0.2648, risk adjusted performance of (0.08), and Market Risk Adjusted Performance of 0.8459 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of -0.0362, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Invesco Total are expected to decrease at a much lower rate. During the bear market, Invesco Total is likely to outperform the market.
Auto-correlation | 0.39 |
Below average predictability
Invesco Total Return has below average predictability. Overlapping area represents the amount of predictability between Invesco Total time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Total Return price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Invesco Total price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Invesco Total Return lagged returns against current returns
Autocorrelation, which is Invesco Total 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 Total's etf expected returns. We can calculate the autocorrelation of Invesco Total returns to help us make a trade decision. For example, suppose you find that Invesco Total 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 Total 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 Total etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Total etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Total etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Total Lagged Returns
When evaluating Invesco Total's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Total etf have on its future price. Invesco Total 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 Total autocorrelation shows the relationship between Invesco Total etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Total Return.
Regressed Prices |
| Timeline |
Pair Trading with Invesco Total
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 Total 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 Total will appreciate offsetting losses from the drop in the long position's value.Moving together with Invesco Etf
| 1.0 | IUSB | iShares Core Total | PairCorr |
| 0.99 | FIXD | First Trust TCW | PairCorr |
| 1.0 | FBND | Fidelity Total Bond | PairCorr |
| 1.0 | TOTL | SPDR DoubleLine Total | PairCorr |
| 1.0 | HTRB | Hartford Total Return | PairCorr |
Moving against Invesco Etf
| 0.88 | RSPY | Tuttle Capital Management | PairCorr |
| 0.85 | MEME | Roundhill Investments | PairCorr |
| 0.84 | DSJA | DSJA | PairCorr |
| 0.59 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.48 | T | ATT Inc Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Invesco Total 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 Total 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 Total - 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 Total Return to buy it.
The correlation of Invesco Total 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 Total moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco Total Return 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 Total 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 Total Correlation, Invesco Total Volatility and Invesco Total Alpha and Beta module to complement your research on Invesco Total. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Invesco Total 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.