Invesco Municipal (UK) Market Value
| MUNS Etf | 2,580 3.00 0.12% |
| Symbol | Invesco |
Invesco Municipal '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 Municipal'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 Municipal.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Invesco Municipal on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Municipal Bond or generate 0.0% return on investment in Invesco Municipal over 60 days. Invesco Municipal is related to or competes with Leverage Shares, GraniteShares, WisdomTree Natural, WisdomTree Natural, Leverage Shares, Leverage Shares, and WisdomTree Short. Invesco Municipal is entity of United Kingdom More
Invesco Municipal 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 Municipal'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 Municipal Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5388 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 2.8 | |||
| Value At Risk | (0.78) | |||
| Potential Upside | 0.9891 |
Invesco Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Municipal's standard deviation. In reality, there are many statistical measures that can use Invesco Municipal historical prices to predict the future Invesco Municipal's volatility.| Risk Adjusted Performance | 0.0672 | |||
| Jensen Alpha | 0.0636 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | (0.25) |
Invesco Municipal Bond Backtested Returns
Currently, Invesco Municipal Bond is very steady. Invesco Municipal Bond holds Efficiency (Sharpe) Ratio of 0.0826, which attests that the entity had a 0.0826% return per unit of risk over the last 3 months. We have found thirty technical indicators for Invesco Municipal Bond, which you can use to evaluate the volatility of the entity. Please check out Invesco Municipal's Market Risk Adjusted Performance of (0.24), risk adjusted performance of 0.0672, and Downside Deviation of 0.5388 to validate if the risk estimate we provide is consistent with the expected return of 0.0475%. The etf retains a Market Volatility (i.e., Beta) of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Invesco Municipal are expected to decrease at a much lower rate. During the bear market, Invesco Municipal is likely to outperform the market.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Invesco Municipal Bond has insignificant reverse predictability. Overlapping area represents the amount of predictability between Invesco Municipal time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th 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 Municipal Bond price movement. The serial correlation of -0.2 indicates that over 20.0% of current Invesco Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 1148.77 |
Invesco Municipal Bond lagged returns against current returns
Autocorrelation, which is Invesco Municipal 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 Municipal's etf expected returns. We can calculate the autocorrelation of Invesco Municipal returns to help us make a trade decision. For example, suppose you find that Invesco Municipal 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 Municipal 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 Municipal etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Municipal etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Municipal etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Municipal Lagged Returns
When evaluating Invesco Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Municipal etf have on its future price. Invesco Municipal 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 Municipal autocorrelation shows the relationship between Invesco Municipal etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Municipal Bond.
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 Etf
Invesco Municipal financial ratios help investors to determine whether Invesco Etf 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 Municipal security.