Invesco Nasdaq 100 Etf Market Value
| QQC-F Etf | CAD 167.77 1.88 1.13% |
| Symbol | Invesco |
Invesco NASDAQ '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 NASDAQ'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 NASDAQ.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Invesco NASDAQ on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Invesco NASDAQ 100 or generate 0.0% return on investment in Invesco NASDAQ over 360 days. Invesco NASDAQ is related to or competes with IShares Canadian, PHN Multi, Altagas Cum, EcoSynthetix, and European Residential. QQC seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the NASDAQ -1... More
Invesco NASDAQ 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 NASDAQ'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 NASDAQ 100 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.27 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 1.57 |
Invesco NASDAQ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco NASDAQ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco NASDAQ's standard deviation. In reality, there are many statistical measures that can use Invesco NASDAQ historical prices to predict the future Invesco NASDAQ's volatility.| Risk Adjusted Performance | 0.0889 | |||
| Jensen Alpha | 0.0242 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1633 |
Invesco NASDAQ 100 Backtested Returns
Currently, Invesco NASDAQ 100 is very steady. Invesco NASDAQ 100 holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco NASDAQ 100, which you can use to evaluate the volatility of the entity. Please check out Invesco NASDAQ's Risk Adjusted Performance of 0.0889, downside deviation of 1.24, and Market Risk Adjusted Performance of 0.1733 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. The etf retains a Market Volatility (i.e., Beta) of 0.68, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco NASDAQ's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco NASDAQ is expected to be smaller as well.
Auto-correlation | 0.21 |
Weak predictability
Invesco NASDAQ 100 has weak predictability. Overlapping area represents the amount of predictability between Invesco NASDAQ time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 NASDAQ 100 price movement. The serial correlation of 0.21 indicates that over 21.0% of current Invesco NASDAQ price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 28.41 |
Invesco NASDAQ 100 lagged returns against current returns
Autocorrelation, which is Invesco NASDAQ 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 NASDAQ's etf expected returns. We can calculate the autocorrelation of Invesco NASDAQ returns to help us make a trade decision. For example, suppose you find that Invesco NASDAQ 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 NASDAQ 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 NASDAQ etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco NASDAQ etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco NASDAQ etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco NASDAQ Lagged Returns
When evaluating Invesco NASDAQ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco NASDAQ etf have on its future price. Invesco NASDAQ 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 NASDAQ autocorrelation shows the relationship between Invesco NASDAQ etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco NASDAQ 100.
Regressed Prices |
| Timeline |
Pair Trading with Invesco NASDAQ
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Invesco NASDAQ position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Invesco NASDAQ will appreciate offsetting losses from the drop in the long position's value.Moving together with Invesco Etf
| 0.95 | DRMU | Desjardins RI USA | PairCorr |
| 0.82 | FTN | Financial 15 Split | PairCorr |
| 0.91 | DRFG | Desjardins RI Global | PairCorr |
| 0.79 | HAC | Global X Seasonal | PairCorr |
The ability to find closely correlated positions to Invesco NASDAQ could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Invesco NASDAQ when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Invesco NASDAQ - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Invesco NASDAQ 100 to buy it.
The correlation of Invesco NASDAQ is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Invesco NASDAQ moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco NASDAQ 100 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Invesco NASDAQ can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Invesco NASDAQ Correlation, Invesco NASDAQ Volatility and Invesco NASDAQ Alpha and Beta module to complement your research on Invesco NASDAQ. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Invesco NASDAQ 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.