Invesco Nasdaq 100 Fund Market Value
| IVNQX Fund | USD 42.82 0.37 0.86% |
| Symbol | Invesco |
Invesco Nasdaq '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 Nasdaq's mutual 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 Nasdaq.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Invesco Nasdaq on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Invesco Nasdaq 100 or generate 0.0% return on investment in Invesco Nasdaq over 720 days. Invesco Nasdaq is related to or competes with Mfs Technology, Janus Global, Allianzgi Technology, Columbia Global, Blackrock Science, and Technology Ultrasector. The fund invests, under normal circumstances, at least 80 percent of its net assets in securities represented in the und... More
Invesco Nasdaq 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 Nasdaq's mutual 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 Nasdaq 100 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.32 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.14 | |||
| Value At Risk | (2.39) | |||
| Potential Upside | 1.57 |
Invesco Nasdaq Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Nasdaq's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Nasdaq's standard deviation. In reality, there are many statistical measures that can use Invesco Nasdaq historical prices to predict the future Invesco Nasdaq's volatility.| Risk Adjusted Performance | 0.0818 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1063 |
Invesco Nasdaq 100 Backtested Returns
At this stage we consider Invesco Mutual Fund to be very steady. Invesco Nasdaq 100 holds Efficiency (Sharpe) Ratio of 0.0902, which attests that the entity had a 0.0902% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Invesco Nasdaq 100, which you can use to evaluate the volatility of the entity. Please check out Invesco Nasdaq's Downside Deviation of 1.32, market risk adjusted performance of 0.1163, and Risk Adjusted Performance of 0.0818 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. The fund retains a Market Volatility (i.e., Beta) of 0.97, which attests to possible diversification benefits within a given portfolio. Invesco Nasdaq returns are very sensitive to returns on the market. As the market goes up or down, Invesco Nasdaq is expected to follow.
Auto-correlation | 0.90 |
Excellent predictability
Invesco Nasdaq 100 has excellent predictability. Overlapping area represents the amount of predictability between Invesco Nasdaq 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 Nasdaq 100 price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Invesco Nasdaq price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 7.29 |
Invesco Nasdaq 100 lagged returns against current returns
Autocorrelation, which is Invesco Nasdaq mutual 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 Nasdaq's mutual fund expected returns. We can calculate the autocorrelation of Invesco Nasdaq returns to help us make a trade decision. For example, suppose you find that Invesco Nasdaq has exhibited high autocorrelation historically, and you observe that the mutual 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 Nasdaq 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 Nasdaq mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Nasdaq mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Nasdaq mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Nasdaq Lagged Returns
When evaluating Invesco Nasdaq's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Nasdaq mutual fund have on its future price. Invesco Nasdaq 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 Nasdaq autocorrelation shows the relationship between Invesco Nasdaq mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Nasdaq 100.
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.Other Information on Investing in Invesco Mutual Fund
Invesco Nasdaq financial ratios help investors to determine whether Invesco Mutual 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 Nasdaq security.
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