Invesco Rafi Strategic Etf Market Value
| IUS Etf | USD 52.03 0.10 0.19% |
| Symbol | Invesco |
The market value of Invesco RAFI Strategic 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 RAFI's value that differs from its market value or its book value, called intrinsic value, which is Invesco RAFI'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 RAFI's market value can be influenced by many factors that don't directly affect Invesco RAFI'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 RAFI's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco RAFI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco RAFI'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 RAFI '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 RAFI'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 RAFI.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Invesco RAFI on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Invesco RAFI Strategic or generate 0.0% return on investment in Invesco RAFI over 690 days. Invesco RAFI is related to or competes with IShares Core, IShares Core, IShares Broad, IShares Core, and IShares Core. The fund generally will invest at least 80 percent of its total assets in securities that comprise the underlying index More
Invesco RAFI 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 RAFI'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 RAFI Strategic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6199 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.62 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 0.9348 |
Invesco RAFI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco RAFI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco RAFI's standard deviation. In reality, there are many statistical measures that can use Invesco RAFI historical prices to predict the future Invesco RAFI's volatility.| Risk Adjusted Performance | 0.1052 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1026 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco RAFI's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Invesco RAFI Strategic Backtested Returns
Currently, Invesco RAFI Strategic is very steady. Invesco RAFI Strategic holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco RAFI Strategic, which you can use to evaluate the volatility of the entity. Please check out Invesco RAFI's Downside Deviation of 0.6199, market risk adjusted performance of 0.1126, and Risk Adjusted Performance of 0.1052 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The etf retains a Market Volatility (i.e., Beta) of 0.79, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco RAFI's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco RAFI is expected to be smaller as well.
Auto-correlation | 0.75 |
Good predictability
Invesco RAFI Strategic has good predictability. Overlapping area represents the amount of predictability between Invesco RAFI time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 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 RAFI Strategic price movement. The serial correlation of 0.75 indicates that around 75.0% of current Invesco RAFI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 6.24 |
Invesco RAFI Strategic lagged returns against current returns
Autocorrelation, which is Invesco RAFI 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 RAFI's etf expected returns. We can calculate the autocorrelation of Invesco RAFI returns to help us make a trade decision. For example, suppose you find that Invesco RAFI 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 RAFI 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 RAFI etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco RAFI etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco RAFI etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco RAFI Lagged Returns
When evaluating Invesco RAFI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco RAFI etf have on its future price. Invesco RAFI 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 RAFI autocorrelation shows the relationship between Invesco RAFI etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco RAFI Strategic.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Invesco RAFI Correlation, Invesco RAFI Volatility and Invesco RAFI Alpha and Beta module to complement your research on Invesco RAFI. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Invesco RAFI 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.