Invesco 1 3 Year Etf Market Value
| PFL Etf | CAD 19.52 0.01 0.05% |
| Symbol | Invesco |
Invesco 1 '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 1'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 1.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Invesco 1 on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco 1 3 Year or generate 0.0% return on investment in Invesco 1 over 30 days. Invesco 1 is related to or competes with Vanguard Total, IShares High, IShares 1, and IShares Canadian. PFL seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the FTSE Cana... More
Invesco 1 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 1'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 1 3 Year upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.0709 | |||
| Information Ratio | (2.60) | |||
| Maximum Drawdown | 0.2576 | |||
| Value At Risk | (0.05) | |||
| Potential Upside | 0.1026 |
Invesco 1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco 1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco 1's standard deviation. In reality, there are many statistical measures that can use Invesco 1 historical prices to predict the future Invesco 1's volatility.| Risk Adjusted Performance | 0.1016 | |||
| Jensen Alpha | 0.0044 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (1.72) | |||
| Treynor Ratio | 0.579 |
Invesco 1 3 Backtested Returns
As of now, Invesco Etf is very steady. Invesco 1 3 holds Efficiency (Sharpe) Ratio of 0.31, which attests that the entity had a 0.31% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco 1 3, which you can use to evaluate the volatility of the entity. Please check out Invesco 1's Market Risk Adjusted Performance of 0.589, coefficient of variation of 300.22, and Risk Adjusted Performance of 0.1016 to validate if the risk estimate we provide is consistent with the expected return of 0.0145%. The etf retains a Market Volatility (i.e., Beta) of 0.0097, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco 1's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco 1 is expected to be smaller as well.
Auto-correlation | 0.85 |
Very good predictability
Invesco 1 3 Year has very good predictability. Overlapping area represents the amount of predictability between Invesco 1 time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 1 3 price movement. The serial correlation of 0.85 indicates that around 85.0% of current Invesco 1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.96 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Invesco 1 3 lagged returns against current returns
Autocorrelation, which is Invesco 1 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 1's etf expected returns. We can calculate the autocorrelation of Invesco 1 returns to help us make a trade decision. For example, suppose you find that Invesco 1 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 1 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 1 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco 1 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco 1 etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco 1 Lagged Returns
When evaluating Invesco 1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco 1 etf have on its future price. Invesco 1 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 1 autocorrelation shows the relationship between Invesco 1 etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco 1 3 Year.
Regressed Prices |
| Timeline |
Pair Trading with Invesco 1
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 1 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 1 will appreciate offsetting losses from the drop in the long position's value.Moving together with Invesco Etf
| 0.73 | XSH | iShares Core Canadian | PairCorr |
| 0.7 | ZCS | BMO Short Corporate | PairCorr |
| 0.98 | ZST | BMO Ultra Short | PairCorr |
Moving against Invesco Etf
The ability to find closely correlated positions to Invesco 1 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 1 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 1 - 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 1 3 Year to buy it.
The correlation of Invesco 1 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 1 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco 1 3 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 1 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.Other Information on Investing in Invesco Etf
Invesco 1 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 1 security.