Invesco Multi Asset Income Fund Market Value
| PICFX Fund | USD 8.00 0.05 0.63% |
| Symbol | Invesco |
Invesco Multi-asset '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 Multi-asset's mutual fund 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 Multi-asset.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Invesco Multi-asset on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Multi Asset Income or generate 0.0% return on investment in Invesco Multi-asset over 30 days. Invesco Multi-asset is related to or competes with Invesco Municipal, Invesco Municipal, Invesco Municipal, Oppenheimer Rising, Invesco High, Oppenheimer Strategic, and Oppenheimer International. The fund actively allocates assets across multiple income producing asset classes and strategies More
Invesco Multi-asset 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 Multi-asset's mutual fund 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 Multi Asset Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3578 | |||
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 1.38 | |||
| Value At Risk | (0.50) | |||
| Potential Upside | 0.6242 |
Invesco Multi-asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Multi-asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Multi-asset's standard deviation. In reality, there are many statistical measures that can use Invesco Multi-asset historical prices to predict the future Invesco Multi-asset's volatility.| Risk Adjusted Performance | 0.0148 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.33) | |||
| Treynor Ratio | 0.0079 |
Invesco Multi Asset Backtested Returns
At this stage we consider Invesco Mutual Fund to be very steady. Invesco Multi Asset holds Efficiency (Sharpe) Ratio of 0.0504, which attests that the entity had a 0.0504% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Invesco Multi Asset, which you can use to evaluate the volatility of the entity. Please check out Invesco Multi-asset's Downside Deviation of 0.3578, risk adjusted performance of 0.0148, and Market Risk Adjusted Performance of 0.0179 to validate if the risk estimate we provide is consistent with the expected return of 0.0165%. The fund retains a Market Volatility (i.e., Beta) of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Multi-asset's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Multi-asset is expected to be smaller as well.
Auto-correlation | 0.26 |
Poor predictability
Invesco Multi Asset Income has poor predictability. Overlapping area represents the amount of predictability between Invesco Multi-asset 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 Multi Asset price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Invesco Multi-asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Invesco Multi Asset lagged returns against current returns
Autocorrelation, which is Invesco Multi-asset mutual fund'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 Multi-asset's mutual fund expected returns. We can calculate the autocorrelation of Invesco Multi-asset returns to help us make a trade decision. For example, suppose you find that Invesco Multi-asset has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Multi-asset 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 Multi-asset mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Multi-asset mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Multi-asset mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Multi-asset Lagged Returns
When evaluating Invesco Multi-asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Multi-asset mutual fund have on its future price. Invesco Multi-asset 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 Multi-asset autocorrelation shows the relationship between Invesco Multi-asset mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Multi Asset Income.
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.Other Information on Investing in Invesco Mutual Fund
Invesco Multi-asset financial ratios help investors to determine whether Invesco Mutual Fund 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 Multi-asset security.
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