Invesco 1 5 Year Etf Market Value
| PSB Etf | CAD 17.84 0.07 0.39% |
| 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.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Invesco 1 on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco 1 5 Year or generate 0.0% return on investment in Invesco 1 over 90 days. Invesco 1 is related to or competes with Invesco FTSE, IShares 1, Invesco Fundamental, and CI Canadian. The fund seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the FTSE... 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 5 Year upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1936 | |||
| Information Ratio | (0.57) | |||
| Maximum Drawdown | 0.8544 | |||
| Value At Risk | (0.29) | |||
| Potential Upside | 0.2854 |
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 | 0.0838 | |||
| Jensen Alpha | 0.0129 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.56) | |||
| Treynor Ratio | 0.4257 |
Invesco 1 5 Backtested Returns
As of now, Invesco Etf is very steady. Invesco 1 5 holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco 1 5, which you can use to evaluate the volatility of the entity. Please check out Invesco 1's Risk Adjusted Performance of 0.0838, market risk adjusted performance of 0.4357, and Coefficient Of Variation of 672.35 to validate if the risk estimate we provide is consistent with the expected return of 0.0284%. The etf retains a Market Volatility (i.e., Beta) of 0.0434, 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 | 0.21 |
Weak predictability
Invesco 1 5 Year has weak predictability. Overlapping area represents the amount of predictability between Invesco 1 time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 5 price movement. The serial correlation of 0.21 indicates that over 21.0% of current Invesco 1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Invesco 1 5 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 |
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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 5 Year.
Regressed Prices |
| Timeline |
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.