Invesco Kbw Premium Etf Market Value
| KBWY Etf | USD 19.63 0.21 1.08% |
| Symbol | Invesco |
The market value of Invesco KBW Premium 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 KBW's value that differs from its market value or its book value, called intrinsic value, which is Invesco KBW'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 KBW's market value can be influenced by many factors that don't directly affect Invesco KBW'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 KBW's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco KBW is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco KBW'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 KBW '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 KBW'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 KBW.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Invesco KBW on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Invesco KBW Premium or generate 0.0% return on investment in Invesco KBW over 360 days. Invesco KBW is related to or competes with Invesco KBW, Global X, VanEck Mortgage, Global X, and Global X. The fund generally will invest at least 90 percent of its total assets in the securities that comprise the underlying in... More
Invesco KBW 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 KBW'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 KBW Premium upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9412 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 4.85 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 1.16 |
Invesco KBW Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco KBW's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco KBW's standard deviation. In reality, there are many statistical measures that can use Invesco KBW historical prices to predict the future Invesco KBW's volatility.| Risk Adjusted Performance | 0.0092 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco KBW'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 KBW Premium Backtested Returns
Invesco KBW Premium holds Efficiency (Sharpe) Ratio of -0.0263, which attests that the entity had a -0.0263% return per unit of risk over the last 3 months. Invesco KBW Premium exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco KBW's Risk Adjusted Performance of 0.0092, market risk adjusted performance of 0.0079, and Downside Deviation of 0.9412 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.44, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco KBW's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco KBW is expected to be smaller as well.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Invesco KBW Premium has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Invesco KBW time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 KBW Premium price movement. The serial correlation of -0.76 indicates that around 76.0% of current Invesco KBW price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 2.04 |
Invesco KBW Premium lagged returns against current returns
Autocorrelation, which is Invesco KBW 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 KBW's etf expected returns. We can calculate the autocorrelation of Invesco KBW returns to help us make a trade decision. For example, suppose you find that Invesco KBW 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 KBW 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 KBW etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco KBW etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco KBW etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco KBW Lagged Returns
When evaluating Invesco KBW's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco KBW etf have on its future price. Invesco KBW 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 KBW autocorrelation shows the relationship between Invesco KBW etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco KBW Premium.
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.When determining whether Invesco KBW Premium offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Invesco KBW's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Invesco Kbw Premium Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Invesco Kbw Premium Etf:Check out Invesco KBW Correlation, Invesco KBW Volatility and Invesco KBW Alpha and Beta module to complement your research on Invesco KBW. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Invesco KBW 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.