Invesco Aaa Clo Etf Market Value
| ICLO Etf | 25.63 0.01 0.04% |
| Symbol | Invesco |
The market value of Invesco Aaa Clo 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 Aaa's value that differs from its market value or its book value, called intrinsic value, which is Invesco Aaa'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 Aaa's market value can be influenced by many factors that don't directly affect Invesco Aaa'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 Aaa's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Aaa is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Aaa'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 Aaa '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 Aaa'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 Aaa.
| 01/04/2025 |
| 02/03/2025 |
If you would invest 0.00 in Invesco Aaa on January 4, 2025 and sell it all today you would earn a total of 0.00 from holding Invesco Aaa Clo or generate 0.0% return on investment in Invesco Aaa over 30 days. Invesco Aaa is related to or competes with First Trust, Vanguard Intermediate, Vanguard Long, Vanguard Short, IDX Dynamic, and First Trust. More
Invesco Aaa 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 Aaa'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 Aaa Clo upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.0458 | |||
| Information Ratio | (1.23) | |||
| Maximum Drawdown | 0.197 | |||
| Value At Risk | (0.04) | |||
| Potential Upside | 0.0791 |
Invesco Aaa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Aaa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Aaa's standard deviation. In reality, there are many statistical measures that can use Invesco Aaa historical prices to predict the future Invesco Aaa's volatility.| Risk Adjusted Performance | 0.2341 | |||
| Jensen Alpha | 0.0113 | |||
| Total Risk Alpha | 0.0085 | |||
| Sortino Ratio | (1.23) | |||
| Treynor Ratio | 0.8764 |
Invesco Aaa Clo Backtested Returns
As of now, Invesco Etf is very steady. Invesco Aaa Clo holds Efficiency (Sharpe) Ratio of 0.5, which attests that the entity had a 0.5 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Invesco Aaa Clo, which you can use to evaluate the volatility of the entity. Please check out Invesco Aaa's Coefficient Of Variation of 206.22, risk adjusted performance of 0.2341, and Market Risk Adjusted Performance of 0.8864 to validate if the risk estimate we provide is consistent with the expected return of 0.0226%. The etf retains a Market Volatility (i.e., Beta) of 0.014, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Aaa's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Aaa is expected to be smaller as well.
Auto-correlation | 0.82 |
Very good predictability
Invesco Aaa Clo has very good predictability. Overlapping area represents the amount of predictability between Invesco Aaa time series from 4th of January 2025 to 19th of January 2025 and 19th of January 2025 to 3rd of February 2025. 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 Aaa Clo price movement. The serial correlation of 0.82 indicates that around 82.0% of current Invesco Aaa price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Invesco Aaa Clo lagged returns against current returns
Autocorrelation, which is Invesco Aaa 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 Aaa's etf expected returns. We can calculate the autocorrelation of Invesco Aaa returns to help us make a trade decision. For example, suppose you find that Invesco Aaa 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 Aaa 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 Aaa etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Aaa etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Aaa etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Aaa Lagged Returns
When evaluating Invesco Aaa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Aaa etf have on its future price. Invesco Aaa 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 Aaa autocorrelation shows the relationship between Invesco Aaa etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Aaa Clo.
Regressed Prices |
| Timeline |
Pair Trading with Invesco Aaa
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 Aaa 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 Aaa will appreciate offsetting losses from the drop in the long position's value.Moving against Invesco Etf
The ability to find closely correlated positions to Invesco Aaa 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 Aaa 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 Aaa - 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 Aaa Clo to buy it.
The correlation of Invesco Aaa 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 Aaa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco Aaa Clo 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 Aaa 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 Aaa Correlation, Invesco Aaa Volatility and Invesco Aaa Alpha and Beta module to complement your research on Invesco Aaa. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Invesco Aaa 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.