INVESCO MARKETS's market value is the price at which a share of INVESCO MARKETS trades on a public exchange. It measures the collective expectations of INVESCO MARKETS II investors about its performance. INVESCO MARKETS is selling for under 6358.50 as of the 24th of November 2024; that is 1.03% increase since the beginning of the trading day. The etf's lowest day price was 6331.0. With this module, you can estimate the performance of a buy and hold strategy of INVESCO MARKETS II and determine expected loss or profit from investing in INVESCO MARKETS over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
INVESCO
INVESCO MARKETS '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 MARKETS'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 MARKETS.
0.00
10/25/2024
No Change 0.00
0.0
In 31 days
11/24/2024
0.00
If you would invest 0.00 in INVESCO MARKETS on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding INVESCO MARKETS II or generate 0.0% return on investment in INVESCO MARKETS over 30 days.
INVESCO MARKETS 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 MARKETS'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 MARKETS II upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for INVESCO MARKETS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as INVESCO MARKETS's standard deviation. In reality, there are many statistical measures that can use INVESCO MARKETS historical prices to predict the future INVESCO MARKETS's volatility.
Currently, INVESCO MARKETS II is very steady. INVESCO MARKETS II holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of volatility over the last 3 months. We have found thirty technical indicators for INVESCO MARKETS II, which you can use to evaluate the volatility of the entity. Please check out INVESCO MARKETS's risk adjusted performance of 0.1659, and Market Risk Adjusted Performance of 0.2508 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. The etf retains a Market Volatility (i.e., Beta) of 0.58, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, INVESCO MARKETS's returns are expected to increase less than the market. However, during the bear market, the loss of holding INVESCO MARKETS is expected to be smaller as well.
Auto-correlation
0.90
Excellent predictability
INVESCO MARKETS II has excellent predictability. Overlapping area represents the amount of predictability between INVESCO MARKETS time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 MARKETS II price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current INVESCO MARKETS price fluctuation can be explain by its past prices.
Correlation Coefficient
0.9
Spearman Rank Test
0.86
Residual Average
0.0
Price Variance
3266.29
INVESCO MARKETS II lagged returns against current returns
Autocorrelation, which is INVESCO MARKETS 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 MARKETS's etf expected returns. We can calculate the autocorrelation of INVESCO MARKETS returns to help us make a trade decision. For example, suppose you find that INVESCO MARKETS 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 MARKETS 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 MARKETS etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if INVESCO MARKETS etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in INVESCO MARKETS etf over time.
Current vs Lagged Prices
Timeline
INVESCO MARKETS Lagged Returns
When evaluating INVESCO MARKETS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of INVESCO MARKETS etf have on its future price. INVESCO MARKETS 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 MARKETS autocorrelation shows the relationship between INVESCO MARKETS etf current value and its past values and can show if there is a momentum factor associated with investing in INVESCO MARKETS II.
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.