Invesco EURO (Switzerland) Market Value
| SX5E Etf | EUR 117.82 0.94 0.79% |
| Symbol | Invesco |
Invesco EURO '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 EURO'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 EURO.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Invesco EURO on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Invesco EURO STOXX or generate 0.0% return on investment in Invesco EURO over 540 days. Invesco EURO is related to or competes with IShares Core, IShares Core, and Lyxor UCITS. The investment seeks to replicate as closely as possible, before fees and expenses, the performance of the EURO STOXX 50... More
Invesco EURO 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 EURO'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 EURO STOXX upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 4.02 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.21 |
Invesco EURO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco EURO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco EURO's standard deviation. In reality, there are many statistical measures that can use Invesco EURO historical prices to predict the future Invesco EURO's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.44) |
Invesco EURO STOXX Backtested Returns
Invesco EURO STOXX holds Efficiency (Sharpe) Ratio of -0.0848, which attests that the entity had a -0.0848% return per unit of risk over the last 3 months. Invesco EURO STOXX exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco EURO's Standard Deviation of 0.8019, market risk adjusted performance of (0.43), and Risk Adjusted Performance of (0.05) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco EURO's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco EURO is expected to be smaller as well.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Invesco EURO STOXX has insignificant reverse predictability. Overlapping area represents the amount of predictability between Invesco EURO time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 EURO STOXX price movement. The serial correlation of -0.17 indicates that over 17.0% of current Invesco EURO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 5.41 |
Invesco EURO STOXX lagged returns against current returns
Autocorrelation, which is Invesco EURO 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 EURO's etf expected returns. We can calculate the autocorrelation of Invesco EURO returns to help us make a trade decision. For example, suppose you find that Invesco EURO 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 EURO 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 EURO etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco EURO etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco EURO etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco EURO Lagged Returns
When evaluating Invesco EURO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco EURO etf have on its future price. Invesco EURO 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 EURO autocorrelation shows the relationship between Invesco EURO etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco EURO STOXX.
Regressed Prices |
| Timeline |
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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 Etf
Invesco EURO 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 EURO security.