Invesco Ftse Rafi Etf Market Value
| PDN Etf | USD 32.31 0.06 0.19% |
| Symbol | Invesco |
The market value of Invesco FTSE RAFI 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 FTSE's value that differs from its market value or its book value, called intrinsic value, which is Invesco FTSE'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 FTSE's market value can be influenced by many factors that don't directly affect Invesco FTSE'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 FTSE's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco FTSE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco FTSE'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 FTSE '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 FTSE'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 FTSE.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Invesco FTSE on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Invesco FTSE RAFI or generate 0.0% return on investment in Invesco FTSE over 720 days. Invesco FTSE is related to or competes with Invesco FTSE, Invesco FTSE, Invesco FTSE, Invesco DWA, and Invesco DWA. The fund generally will invest at least 90 percent of its total assets in the securities that comprise the underlying in... More
Invesco FTSE 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 FTSE'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 FTSE RAFI upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 4.13 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.26 |
Invesco FTSE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco FTSE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco FTSE's standard deviation. In reality, there are many statistical measures that can use Invesco FTSE historical prices to predict the future Invesco FTSE's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 59.49 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco FTSE'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 FTSE RAFI Backtested Returns
Invesco FTSE RAFI 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. Invesco FTSE RAFI exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco FTSE's Standard Deviation of 0.8518, market risk adjusted performance of 59.5, and Risk Adjusted Performance of (0.08) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of -0.0017, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Invesco FTSE are expected to decrease at a much lower rate. During the bear market, Invesco FTSE is likely to outperform the market.
Auto-correlation | -0.06 |
Very weak reverse predictability
Invesco FTSE RAFI has very weak reverse predictability. Overlapping area represents the amount of predictability between Invesco FTSE time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 FTSE RAFI price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Invesco FTSE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 1.55 |
Invesco FTSE RAFI lagged returns against current returns
Autocorrelation, which is Invesco FTSE 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 FTSE's etf expected returns. We can calculate the autocorrelation of Invesco FTSE returns to help us make a trade decision. For example, suppose you find that Invesco FTSE 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 FTSE 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 FTSE etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco FTSE etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco FTSE etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco FTSE Lagged Returns
When evaluating Invesco FTSE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco FTSE etf have on its future price. Invesco FTSE 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 FTSE autocorrelation shows the relationship between Invesco FTSE etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco FTSE RAFI.
Regressed Prices |
| Timeline |
Pair Trading with Invesco FTSE
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Invesco FTSE position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Invesco FTSE will appreciate offsetting losses from the drop in the long position's value.Moving together with Invesco Etf
| 1.0 | FNDC | Schwab Fundamental | PairCorr |
| 0.94 | AVDV | Avantis International | PairCorr |
| 0.99 | DLS | WisdomTree International | PairCorr |
| 0.97 | DISV | Dimensional ETF Trust | PairCorr |
Moving against Invesco Etf
| 0.78 | MSTY | YieldMax MSTR Option | PairCorr |
| 0.77 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.77 | BTC | Grayscale Bitcoin Mini | PairCorr |
| 0.68 | DISO | Tidal Trust II | PairCorr |
| 0.62 | FNGU | MicroSectors FANG Index Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Invesco FTSE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Invesco FTSE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Invesco FTSE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Invesco FTSE RAFI to buy it.
The correlation of Invesco FTSE is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Invesco FTSE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco FTSE RAFI moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Invesco FTSE can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Invesco FTSE Correlation, Invesco FTSE Volatility and Invesco FTSE Alpha and Beta module to complement your research on Invesco FTSE. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Invesco FTSE 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.