Invesco Global Short Etf Market Value
| PGHY Etf | USD 19.99 0.12 0.60% |
| Symbol | Invesco |
The market value of Invesco Global Short 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 Global's value that differs from its market value or its book value, called intrinsic value, which is Invesco Global'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 Global's market value can be influenced by many factors that don't directly affect Invesco Global'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 Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Global'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 Global '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 Global'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 Global.
| 09/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Invesco Global on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Global Short or generate 0.0% return on investment in Invesco Global over 60 days. Invesco Global is related to or competes with VanEck Emerging, IShares Intl, VanEck International, Invesco Fundamental, and IShares JP. The fund invests at least 80 percent of its total assets in the components that comprise the underlying index More
Invesco Global 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 Global'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 Global Short upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2169 | |||
| Information Ratio | (0.43) | |||
| Maximum Drawdown | 1.26 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.4539 |
Invesco Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Global's standard deviation. In reality, there are many statistical measures that can use Invesco Global historical prices to predict the future Invesco Global's volatility.| Risk Adjusted Performance | 0.0764 | |||
| Jensen Alpha | 0.0109 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.46) | |||
| Treynor Ratio | 0.2637 |
Invesco Global Short Backtested Returns
At this stage we consider Invesco Etf to be very steady. Invesco Global Short 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 Global Short, which you can use to evaluate the volatility of the entity. Please check out Invesco Global's Market Risk Adjusted Performance of 0.2737, downside deviation of 0.2169, and Risk Adjusted Performance of 0.0764 to validate if the risk estimate we provide is consistent with the expected return of 0.0306%. The etf retains a Market Volatility (i.e., Beta) of 0.0763, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Global is expected to be smaller as well.
Auto-correlation | -0.59 |
Good reverse predictability
Invesco Global Short has good reverse predictability. Overlapping area represents the amount of predictability between Invesco Global time series from 24th of September 2024 to 24th of October 2024 and 24th of October 2024 to 23rd 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 Global Short price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Invesco Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Invesco Global Short lagged returns against current returns
Autocorrelation, which is Invesco Global 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 Global's etf expected returns. We can calculate the autocorrelation of Invesco Global returns to help us make a trade decision. For example, suppose you find that Invesco Global 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 Global 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 Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Global etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Global Lagged Returns
When evaluating Invesco Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Global etf have on its future price. Invesco Global 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 Global autocorrelation shows the relationship between Invesco Global etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Global Short.
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 Global Short offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Invesco Global'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 Global Short Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Invesco Global Short Etf:Check out Invesco Global Correlation, Invesco Global Volatility and Invesco Global Alpha and Beta module to complement your research on Invesco Global. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Invesco Global 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.