Invesco Sptsx Composite Etf Market Value
| TLV Etf | CAD 34.08 0.08 0.24% |
| Symbol | Invesco |
Invesco SPTSX '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 SPTSX'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 SPTSX.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Invesco SPTSX on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco SPTSX Composite or generate 0.0% return on investment in Invesco SPTSX over 240 days. Invesco SPTSX is related to or competes with IShares MSCI, Invesco FTSE, Invesco 1, and Invesco SP. The fund seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the SPTS... More
Invesco SPTSX 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 SPTSX'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 SPTSX Composite upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3529 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 1.78 | |||
| Value At Risk | (0.53) | |||
| Potential Upside | 0.8777 |
Invesco SPTSX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco SPTSX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco SPTSX's standard deviation. In reality, there are many statistical measures that can use Invesco SPTSX historical prices to predict the future Invesco SPTSX's volatility.| Risk Adjusted Performance | 0.2182 | |||
| Jensen Alpha | 0.0893 | |||
| Total Risk Alpha | 0.0425 | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.6884 |
Invesco SPTSX Composite Backtested Returns
As of now, Invesco Etf is very steady. Invesco SPTSX Composite holds Efficiency (Sharpe) Ratio of 0.27, which attests that the entity had a 0.27% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Invesco SPTSX Composite, which you can use to evaluate the volatility of the entity. Please check out Invesco SPTSX's Coefficient Of Variation of 336.46, risk adjusted performance of 0.2182, and Market Risk Adjusted Performance of 0.6984 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The etf retains a Market Volatility (i.e., Beta) of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco SPTSX's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco SPTSX is expected to be smaller as well.
Auto-correlation | 0.72 |
Good predictability
Invesco SPTSX Composite has good predictability. Overlapping area represents the amount of predictability between Invesco SPTSX time series from 6th of April 2024 to 4th of August 2024 and 4th of August 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 SPTSX Composite price movement. The serial correlation of 0.72 indicates that around 72.0% of current Invesco SPTSX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 1.06 |
Invesco SPTSX Composite lagged returns against current returns
Autocorrelation, which is Invesco SPTSX 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 SPTSX's etf expected returns. We can calculate the autocorrelation of Invesco SPTSX returns to help us make a trade decision. For example, suppose you find that Invesco SPTSX 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 SPTSX 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 SPTSX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco SPTSX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco SPTSX etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco SPTSX Lagged Returns
When evaluating Invesco SPTSX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco SPTSX etf have on its future price. Invesco SPTSX 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 SPTSX autocorrelation shows the relationship between Invesco SPTSX etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco SPTSX Composite.
Regressed Prices |
| Timeline |
Pair Trading with Invesco SPTSX
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 SPTSX 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 SPTSX will appreciate offsetting losses from the drop in the long position's value.Moving together with Invesco Etf
| 0.96 | XIU | iShares SPTSX 60 | PairCorr |
| 0.96 | XIC | iShares Core SPTSX | PairCorr |
| 0.96 | ZCN | BMO SPTSX Capped | PairCorr |
| 0.96 | VCN | Vanguard FTSE Canada | PairCorr |
| 0.96 | HXT | Global X SPTSX | PairCorr |
Moving against Invesco Etf
The ability to find closely correlated positions to Invesco SPTSX 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 SPTSX 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 SPTSX - 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 SPTSX Composite to buy it.
The correlation of Invesco SPTSX 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 SPTSX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco SPTSX Composite 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 SPTSX 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.Other Information on Investing in Invesco Etf
Invesco SPTSX 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 SPTSX security.