Invesco Steelpath Mlp Fund Market Value
| SPMJX Fund | USD 6.18 0.12 1.90% |
| Symbol | Invesco |
Invesco Steelpath '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 Steelpath'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 Steelpath.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Invesco Steelpath on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Steelpath Mlp or generate 0.0% return on investment in Invesco Steelpath over 30 days. Invesco Steelpath is related to or competes with Baird Strategic, Vanguard Short-term, Gamco Global, T Rowe, T Rowe, and Nuveen Minnesota. Under normal circumstances, the fund invests at least 80 percent of its net assets in master limited partnership investm... More
Invesco Steelpath 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 Steelpath'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 Steelpath Mlp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9976 | |||
| Information Ratio | 0.1183 | |||
| Maximum Drawdown | 4.69 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 1.92 |
Invesco Steelpath Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Steelpath's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Steelpath's standard deviation. In reality, there are many statistical measures that can use Invesco Steelpath historical prices to predict the future Invesco Steelpath's volatility.| Risk Adjusted Performance | 0.1914 | |||
| Jensen Alpha | 0.1783 | |||
| Total Risk Alpha | 0.0819 | |||
| Sortino Ratio | 0.1182 | |||
| Treynor Ratio | 0.4821 |
Invesco Steelpath Mlp Backtested Returns
Invesco Steelpath appears to be not too volatile, given 3 months investment horizon. Invesco Steelpath Mlp holds Efficiency (Sharpe) Ratio of 0.28, which attests that the entity had a 0.28% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Invesco Steelpath Mlp, which you can use to evaluate the volatility of the entity. Please utilize Invesco Steelpath's Risk Adjusted Performance of 0.1914, downside deviation of 0.9976, and Market Risk Adjusted Performance of 0.4921 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 0.49, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco Steelpath's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Steelpath is expected to be smaller as well.
Auto-correlation | 0.90 |
Excellent predictability
Invesco Steelpath Mlp has excellent predictability. Overlapping area represents the amount of predictability between Invesco Steelpath 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 Steelpath Mlp price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Invesco Steelpath price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Invesco Steelpath Mlp lagged returns against current returns
Autocorrelation, which is Invesco Steelpath 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 Steelpath's mutual fund expected returns. We can calculate the autocorrelation of Invesco Steelpath returns to help us make a trade decision. For example, suppose you find that Invesco Steelpath 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 Steelpath 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 Steelpath mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Steelpath 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 Steelpath mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Steelpath Lagged Returns
When evaluating Invesco Steelpath's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Steelpath mutual fund have on its future price. Invesco Steelpath 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 Steelpath autocorrelation shows the relationship between Invesco Steelpath mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Steelpath Mlp.
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 Steelpath 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 Steelpath security.
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