Invesco High Yield Etf Market Value
| PEY Etf | USD 22.77 0.39 1.74% |
| Symbol | Invesco |
The market value of Invesco High Yield 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 High's value that differs from its market value or its book value, called intrinsic value, which is Invesco High'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 High's market value can be influenced by many factors that don't directly affect Invesco High'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 High's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco High'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 High '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 High'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 High.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Invesco High on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco High Yield or generate 0.0% return on investment in Invesco High over 30 days. Invesco High is related to or competes with Invesco Dividend, Invesco International, First Trust, WisdomTree High, and IShares Select. The fund generally will invest at least 90 percent of its total assets in securities that comprise the underlying index More
Invesco High 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 High'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 High Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7338 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 4.57 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.52 |
Invesco High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco High's standard deviation. In reality, there are many statistical measures that can use Invesco High historical prices to predict the future Invesco High's volatility.| Risk Adjusted Performance | 0.1133 | |||
| Jensen Alpha | 0.0132 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1361 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco High'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 High Yield Backtested Returns
At this stage we consider Invesco Etf to be very steady. Invesco High Yield holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Invesco High Yield, which you can use to evaluate the volatility of the entity. Please check out Invesco High's Risk Adjusted Performance of 0.1133, market risk adjusted performance of 0.1461, and Downside Deviation of 0.7338 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The etf retains a Market Volatility (i.e., Beta) of 0.86, which attests to possible diversification benefits within a given portfolio. Invesco High returns are very sensitive to returns on the market. As the market goes up or down, Invesco High is expected to follow.
Auto-correlation | 0.64 |
Good predictability
Invesco High Yield has good predictability. Overlapping area represents the amount of predictability between Invesco High time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 High Yield price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Invesco High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Invesco High Yield lagged returns against current returns
Autocorrelation, which is Invesco High 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 High's etf expected returns. We can calculate the autocorrelation of Invesco High returns to help us make a trade decision. For example, suppose you find that Invesco High 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 High 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 High etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco High etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco High etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco High Lagged Returns
When evaluating Invesco High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco High etf have on its future price. Invesco High 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 High autocorrelation shows the relationship between Invesco High etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco High Yield.
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 High Yield offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Invesco High'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 High Yield Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Invesco High Yield Etf:Check out Invesco High Correlation, Invesco High Volatility and Invesco High Alpha and Beta module to complement your research on Invesco High. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Invesco High 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.