Invesco International Corporate Etf Market Value
| PICB Etf | USD 22.00 0.03 0.14% |
| Symbol | Invesco |
The market value of Invesco International 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 International's value that differs from its market value or its book value, called intrinsic value, which is Invesco International'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 International's market value can be influenced by many factors that don't directly affect Invesco International'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 International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco International'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 International '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 International'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 International.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Invesco International on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco International Corporate or generate 0.0% return on investment in Invesco International over 30 days. Invesco International is related to or competes with SPDR Bloomberg, Invesco Fundamental, SPDR Bloomberg, IShares International, and VanEck International. The fund generally will invest at least 80 percent of its total assets in securities that comprise the underlying index More
Invesco International 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 International'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 International Corporate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.43) | |||
| Maximum Drawdown | 2.15 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 0.6929 |
Invesco International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco International's standard deviation. In reality, there are many statistical measures that can use Invesco International historical prices to predict the future Invesco International's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (1.84) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco International'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 International Backtested Returns
Invesco International holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14% return per unit of risk over the last 3 months. Invesco International exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco International's Market Risk Adjusted Performance of (1.83), standard deviation of 0.4626, and Risk Adjusted Performance of (0.13) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.0445, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco International is expected to be smaller as well.
Auto-correlation | 0.64 |
Good predictability
Invesco International Corporate has good predictability. Overlapping area represents the amount of predictability between Invesco International time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 International price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Invesco International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Invesco International lagged returns against current returns
Autocorrelation, which is Invesco International 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 International's etf expected returns. We can calculate the autocorrelation of Invesco International returns to help us make a trade decision. For example, suppose you find that Invesco International 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 International 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 International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco International etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco International Lagged Returns
When evaluating Invesco International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco International etf have on its future price. Invesco International 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 International autocorrelation shows the relationship between Invesco International etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco International Corporate.
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 International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Invesco International'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 International Corporate Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Invesco International Corporate Etf:Check out Invesco International Correlation, Invesco International Volatility and Invesco International Alpha and Beta module to complement your research on Invesco International. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Invesco International 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.