Invesco Active Allocation Fund Market Value
| PAAJX Fund | USD 14.75 0.01 0.07% |
| Symbol | Invesco |
Invesco Active '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 Active'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 Active.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Invesco Active on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Active Allocation or generate 0.0% return on investment in Invesco Active over 30 days. Invesco Active is related to or competes with Rbc Ultra-short, Bbh Intermediate, Ms Global, Versatile Bond, Ambrus Core, Ab Global, and Icon Bond. The fund is a fund of funds, and invests its assets in other underlying mutual funds advised by the Adviser and exchange... More
Invesco Active 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 Active'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 Active Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.636 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 2.66 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 0.9609 |
Invesco Active Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Active's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Active's standard deviation. In reality, there are many statistical measures that can use Invesco Active historical prices to predict the future Invesco Active's volatility.| Risk Adjusted Performance | 0.077 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0796 |
Invesco Active Allocation Backtested Returns
At this stage we consider Invesco Mutual Fund to be very steady. Invesco Active Allocation holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Invesco Active Allocation, which you can use to evaluate the volatility of the entity. Please check out Invesco Active's Market Risk Adjusted Performance of 0.0896, downside deviation of 0.636, and Risk Adjusted Performance of 0.077 to validate if the risk estimate we provide is consistent with the expected return of 0.0666%. The fund retains a Market Volatility (i.e., Beta) of 0.65, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco Active's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Active is expected to be smaller as well.
Auto-correlation | 0.89 |
Very good predictability
Invesco Active Allocation has very good predictability. Overlapping area represents the amount of predictability between Invesco Active time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Active Allocation price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Invesco Active price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Invesco Active Allocation lagged returns against current returns
Autocorrelation, which is Invesco Active 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 Active's mutual fund expected returns. We can calculate the autocorrelation of Invesco Active returns to help us make a trade decision. For example, suppose you find that Invesco Active 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 Active 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 Active mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Active 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 Active mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Active Lagged Returns
When evaluating Invesco Active's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Active mutual fund have on its future price. Invesco Active 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 Active autocorrelation shows the relationship between Invesco Active mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Active Allocation.
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 Active 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 Active security.
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