Invesco Investment Grade Etf Market Value
| IIGD Etf | USD 24.39 0.04 0.16% |
| Symbol | Invesco |
The market value of Invesco Investment Grade 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 Investment's value that differs from its market value or its book value, called intrinsic value, which is Invesco Investment'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 Investment's market value can be influenced by many factors that don't directly affect Invesco Investment'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 Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Investment'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 Investment '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 Investment'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 Investment.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Invesco Investment on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Investment Grade or generate 0.0% return on investment in Invesco Investment over 30 days. Invesco Investment is related to or competes with Vanguard Intermediate, Vanguard Short, Vanguard Long, Vanguard Short, and Vanguard Intermediate. The fund generally will invest at least 80 percent of its total assets in securities that comprise the underlying index More
Invesco Investment 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 Investment'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 Investment Grade upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1939 | |||
| Information Ratio | (0.74) | |||
| Maximum Drawdown | 0.8983 | |||
| Value At Risk | (0.25) | |||
| Potential Upside | 0.2448 |
Invesco Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Investment's standard deviation. In reality, there are many statistical measures that can use Invesco Investment historical prices to predict the future Invesco Investment's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.69) | |||
| Treynor Ratio | 0.4577 |
Invesco Investment Grade Backtested Returns
At this point, Invesco Investment is very steady. Invesco Investment Grade holds Efficiency (Sharpe) Ratio of 0.0151, which attests that the entity had a 0.0151% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco Investment Grade, which you can use to evaluate the volatility of the entity. Please check out Invesco Investment's Risk Adjusted Performance of (0.02), downside deviation of 0.1939, and Market Risk Adjusted Performance of 0.4677 to validate if the risk estimate we provide is consistent with the expected return of 0.0028%. The etf retains a Market Volatility (i.e., Beta) of -0.0147, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Invesco Investment are expected to decrease at a much lower rate. During the bear market, Invesco Investment is likely to outperform the market.
Auto-correlation | -0.08 |
Very weak reverse predictability
Invesco Investment Grade has very weak reverse predictability. Overlapping area represents the amount of predictability between Invesco Investment time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Investment Grade price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Invesco Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Invesco Investment Grade lagged returns against current returns
Autocorrelation, which is Invesco Investment 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 Investment's etf expected returns. We can calculate the autocorrelation of Invesco Investment returns to help us make a trade decision. For example, suppose you find that Invesco Investment 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 Investment 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 Investment etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Investment etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Investment etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Investment Lagged Returns
When evaluating Invesco Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Investment etf have on its future price. Invesco Investment 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 Investment autocorrelation shows the relationship between Invesco Investment etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Investment Grade.
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.When determining whether Invesco Investment Grade is a strong investment it is important to analyze Invesco Investment's 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 Investment's future performance. For an informed investment choice regarding Invesco Etf, refer to the following important reports:Check out Invesco Investment Correlation, Invesco Investment Volatility and Invesco Investment Alpha and Beta module to complement your research on Invesco Investment. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Invesco Investment 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.