Invesco Dividend Achievers Etf Market Value
| PFM Etf | USD 47.29 0.46 0.98% |
| Symbol | Invesco |
The market value of Invesco Dividend Ach 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 Dividend's value that differs from its market value or its book value, called intrinsic value, which is Invesco Dividend'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 Dividend's market value can be influenced by many factors that don't directly affect Invesco Dividend'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 Dividend's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Dividend is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Dividend'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 Dividend '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 Dividend'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 Dividend.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Invesco Dividend on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Dividend Achievers or generate 0.0% return on investment in Invesco Dividend over 30 days. Invesco Dividend is related to or competes with Vanguard Russell, Vanguard Russell, Vanguard Russell, and Vanguard Russell. The fund generally will invest at least 90 percent of its total assets in securities that comprise the underlying index More
Invesco Dividend 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 Dividend'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 Dividend Achievers upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.529 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.09 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 0.9186 |
Invesco Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Dividend's standard deviation. In reality, there are many statistical measures that can use Invesco Dividend historical prices to predict the future Invesco Dividend's volatility.| Risk Adjusted Performance | 0.0827 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0793 |
Invesco Dividend Ach Backtested Returns
As of now, Invesco Etf is very steady. Invesco Dividend Ach holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco Dividend Ach, which you can use to evaluate the volatility of the entity. Please check out Invesco Dividend's Downside Deviation of 0.529, risk adjusted performance of 0.0827, and Market Risk Adjusted Performance of 0.0893 to validate if the risk estimate we provide is consistent with the expected return of 0.0738%. The etf retains a Market Volatility (i.e., Beta) of 0.76, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco Dividend's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Dividend is expected to be smaller as well.
Auto-correlation | 0.66 |
Good predictability
Invesco Dividend Achievers has good predictability. Overlapping area represents the amount of predictability between Invesco Dividend time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 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 Dividend Ach price movement. The serial correlation of 0.66 indicates that around 66.0% of current Invesco Dividend price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Invesco Dividend Ach lagged returns against current returns
Autocorrelation, which is Invesco Dividend 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 Dividend's etf expected returns. We can calculate the autocorrelation of Invesco Dividend returns to help us make a trade decision. For example, suppose you find that Invesco Dividend 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 Dividend 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 Dividend etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Dividend etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Dividend etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Dividend Lagged Returns
When evaluating Invesco Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Dividend etf have on its future price. Invesco Dividend 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 Dividend autocorrelation shows the relationship between Invesco Dividend etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Dividend Achievers.
Regressed Prices |
| Timeline |
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Invesco Dividend 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.