Invesco International Small Fund Market Value
| IEGFX Fund | USD 20.41 0.17 0.84% |
| Symbol | Invesco |
Invesco International '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 International's mutual fund 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 International.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Invesco International on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Invesco International Small or generate 0.0% return on investment in Invesco International over 540 days. Invesco International is related to or competes with Columbia Convertible, Lord Abbett, Fidelity Sai, and Absolute Convertible. The fund invests, under normal circumstances, at least 80 percent of its net assets in securities of small-capitalizatio... More
Invesco International 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 International's mutual fund 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 International Small upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 3.49 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 0.9547 |
Invesco International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco International's standard deviation. In reality, there are many statistical measures that can use Invesco International historical prices to predict the future Invesco International's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.19) |
Invesco International Backtested Returns
Invesco International holds Efficiency (Sharpe) Ratio of -0.0349, which attests that the entity had a -0.0349% return per unit of risk over the last 3 months. Invesco International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco International's Market Risk Adjusted Performance of (0.18), standard deviation of 0.6984, and Risk Adjusted Performance of (0.08) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.44, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco International is expected to be smaller as well.
Auto-correlation | 0.27 |
Poor predictability
Invesco International Small has poor predictability. Overlapping area represents the amount of predictability between Invesco International time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 International price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Invesco International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Invesco International lagged returns against current returns
Autocorrelation, which is Invesco International mutual fund'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 International's mutual fund expected returns. We can calculate the autocorrelation of Invesco International returns to help us make a trade decision. For example, suppose you find that Invesco International has exhibited high autocorrelation historically, and you observe that the mutual fund 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco International Lagged Returns
When evaluating Invesco International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco International mutual fund have on its future price. Invesco International 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 International autocorrelation shows the relationship between Invesco International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco International Small.
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.Other Information on Investing in Invesco Mutual Fund
Invesco International financial ratios help investors to determine whether Invesco Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Invesco with respect to the benefits of owning Invesco International security.
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