Invesco International Developed Fund Market Value
| IIMF-F Fund | 21.53 0.13 0.60% |
| Symbol | Invesco |
Please note, there is a significant difference between Invesco International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco International'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 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 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.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Invesco International on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco International Developed or generate 0.0% return on investment in Invesco International over 30 days. Invesco International is related to or competes with Tech Leaders, Brompton Global, IShares Canadian, PHN Multi, Altagas Cum, and EcoSynthetix. Invesco International is entity of Canada 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 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 Developed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 3.79 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 1.18 |
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 | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.16) |
Invesco International Backtested Returns
Invesco International holds Efficiency (Sharpe) Ratio of -0.0731, which attests that the entity had a -0.0731% 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 Standard Deviation of 0.6837, risk adjusted performance of (0.03), and Market Risk Adjusted Performance of (0.15) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.24, which attests to not very significant fluctuations relative to the market. 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 | 0.75 |
Good predictability
Invesco International Developed has good predictability. Overlapping area represents the amount of predictability between Invesco International 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 International price movement. The serial correlation of 0.75 indicates that around 75.0% of current Invesco International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Invesco International lagged returns against current returns
Autocorrelation, which is Invesco International 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 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 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 fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco International 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 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 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 fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco International Developed.
Regressed Prices |
| Timeline |
Pair Trading with Invesco International
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 International 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 International will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Invesco International 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 International 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 International - 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 International Developed to buy it.
The correlation of Invesco International 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 International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco International 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 International 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.Other Information on Investing in Invesco Fund
Invesco International financial ratios help investors to determine whether Invesco 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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