Invesco International Developed Etf Market Value
| IMFL Etf | USD 24.21 0.05 0.21% |
| Symbol | Invesco |
The market value of Invesco International 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 International's value that differs from its market value or its book value, called intrinsic value, which is Invesco International'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 International's market value can be influenced by many factors that don't directly affect Invesco International'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 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 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 International.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Invesco International on December 9, 2022 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 720 days. Invesco International is related to or competes with Oppenheimer Russell, IShares International, Invesco SP, Invesco Real, and Oppenheimer Russell. The fund generally will invest at least 80 percent of its total assets in the securities that comprise the index 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 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 International Developed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 4.62 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 1.19 |
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 | (0.07) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.19) |
Invesco International Backtested Returns
Invesco International holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of risk over the last 3 months. Invesco International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco International's Standard Deviation of 0.8982, risk adjusted performance of (0.07), and Market Risk Adjusted Performance of (0.18) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.51, 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 | 0.47 |
Average predictability
Invesco International Developed has average predictability. Overlapping area represents the amount of predictability between Invesco International time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 0.47 indicates that about 47.0% of current Invesco International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Invesco International lagged returns against current returns
Autocorrelation, which is Invesco International 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 International's etf 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 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 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 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco International etf 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 etf 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 etf 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 |
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Invesco International 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.