Invesco Alerian Galaxy Etf Market Value
| SATO Etf | USD 24.13 0.73 3.12% |
| Symbol | Invesco |
The market value of Invesco Alerian Galaxy 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 Alerian's value that differs from its market value or its book value, called intrinsic value, which is Invesco Alerian'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 Alerian's market value can be influenced by many factors that don't directly affect Invesco Alerian'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 Alerian's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Alerian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Alerian'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 Alerian '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 Alerian'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 Alerian.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Invesco Alerian on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Alerian Galaxy or generate 0.0% return on investment in Invesco Alerian over 30 days. Invesco Alerian is related to or competes with Freedom Day, IShares MSCI, IShares Dividend, SmartETFs Dividend, Listed Funds, Martin Currie, and VictoryShares THB. The fund generally will invest at least 80 percent of its total assets in the securities that comprise the underlying in... More
Invesco Alerian 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 Alerian'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 Alerian Galaxy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.36 | |||
| Information Ratio | 0.174 | |||
| Maximum Drawdown | 21.68 | |||
| Value At Risk | (6.32) | |||
| Potential Upside | 6.97 |
Invesco Alerian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Alerian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Alerian's standard deviation. In reality, there are many statistical measures that can use Invesco Alerian historical prices to predict the future Invesco Alerian's volatility.| Risk Adjusted Performance | 0.1667 | |||
| Jensen Alpha | 0.46 | |||
| Total Risk Alpha | 0.1567 | |||
| Sortino Ratio | 0.2136 | |||
| Treynor Ratio | 0.28 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Alerian'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 Alerian Galaxy Backtested Returns
Invesco Alerian is not too volatile given 3 months investment horizon. Invesco Alerian Galaxy holds Efficiency (Sharpe) Ratio of 0.24, which attests that the entity had a 0.24% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.0% are justified by taking the suggested risk. Use Invesco Alerian Galaxy Downside Deviation of 3.36, risk adjusted performance of 0.1667, and Market Risk Adjusted Performance of 0.29 to evaluate company specific risk that cannot be diversified away. The etf retains a Market Volatility (i.e., Beta) of 3.02, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Invesco Alerian will likely underperform.
Auto-correlation | 0.18 |
Very weak predictability
Invesco Alerian Galaxy has very weak predictability. Overlapping area represents the amount of predictability between Invesco Alerian time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 Alerian Galaxy price movement. The serial correlation of 0.18 indicates that over 18.0% of current Invesco Alerian price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Invesco Alerian Galaxy lagged returns against current returns
Autocorrelation, which is Invesco Alerian 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 Alerian's etf expected returns. We can calculate the autocorrelation of Invesco Alerian returns to help us make a trade decision. For example, suppose you find that Invesco Alerian 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 Alerian 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 Alerian etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Alerian etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Alerian etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Alerian Lagged Returns
When evaluating Invesco Alerian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Alerian etf have on its future price. Invesco Alerian 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 Alerian autocorrelation shows the relationship between Invesco Alerian etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Alerian Galaxy.
Regressed Prices |
| Timeline |
Pair Trading with Invesco Alerian
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 Alerian 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 Alerian will appreciate offsetting losses from the drop in the long position's value.Moving together with Invesco Etf
| 0.98 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.98 | BITO | ProShares Bitcoin | PairCorr |
| 0.99 | BLOK | Amplify Transformational | PairCorr |
| 0.96 | BLCN | Siren Nasdaq NexGen | PairCorr |
Moving against Invesco Etf
The ability to find closely correlated positions to Invesco Alerian 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 Alerian 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 Alerian - 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 Alerian Galaxy to buy it.
The correlation of Invesco Alerian 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 Alerian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco Alerian Galaxy 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 Alerian 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 Alerian Correlation, Invesco Alerian Volatility and Invesco Alerian Alpha and Beta module to complement your research on Invesco Alerian. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Invesco Alerian 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.