Invesco Equally Weighted Sp Fund Market Value

VADAX Fund  USD 80.76  0.30  0.37%   
Invesco Equally's market value is the price at which a share of Invesco Equally trades on a public exchange. It measures the collective expectations of Invesco Equally Weighted Sp investors about its performance. Invesco Equally is trading at 80.76 as of the 13th of December 2024; that is 0.37% down since the beginning of the trading day. The fund's open price was 81.06.
With this module, you can estimate the performance of a buy and hold strategy of Invesco Equally Weighted Sp and determine expected loss or profit from investing in Invesco Equally over a given investment horizon. Check out Invesco Equally Correlation, Invesco Equally Volatility and Invesco Equally Alpha and Beta module to complement your research on Invesco Equally.
Symbol

Please note, there is a significant difference between Invesco Equally's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Equally is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Equally'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 Equally '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 Equally'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 Equally.
0.00
11/19/2023
No Change 0.00  0.0 
In 1 year and 26 days
12/13/2024
0.00
If you would invest  0.00  in Invesco Equally on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Invesco Equally Weighted Sp or generate 0.0% return on investment in Invesco Equally over 390 days. Invesco Equally is related to or competes with Invesco Municipal, Invesco Municipal, Invesco Municipal, Oppenheimer Rising, Invesco High, Oppenheimer Strategic, and Oppenheimer International. The fund invests, under normal circumstances, all, or substantially all, of its assets in common stocks represented in t... More

Invesco Equally 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 Equally'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 Equally Weighted Sp upside and downside potential and time the market with a certain degree of confidence.

Invesco Equally Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Equally's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Equally's standard deviation. In reality, there are many statistical measures that can use Invesco Equally historical prices to predict the future Invesco Equally's volatility.
Hype
Prediction
LowEstimatedHigh
80.1280.7581.38
Details
Intrinsic
Valuation
LowRealHigh
80.0080.6381.26
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Invesco Equally. Your research has to be compared to or analyzed against Invesco Equally's peers to derive any actionable benefits. When done correctly, Invesco Equally's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Invesco Equally Weig.

Invesco Equally Weig Backtested Returns

At this stage we consider Invesco Mutual Fund to be very steady. Invesco Equally Weig holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Invesco Equally Weig, which you can use to evaluate the volatility of the entity. Please check out Invesco Equally's Market Risk Adjusted Performance of 0.1186, risk adjusted performance of 0.1089, and Downside Deviation of 0.5161 to validate if the risk estimate we provide is consistent with the expected return of 0.0649%. The fund retains a Market Volatility (i.e., Beta) of 0.79, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco Equally's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Equally is expected to be smaller as well.

Auto-correlation

    
  0.83  

Very good predictability

Invesco Equally Weighted Sp has very good predictability. Overlapping area represents the amount of predictability between Invesco Equally time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Equally Weig price movement. The serial correlation of 0.83 indicates that around 83.0% of current Invesco Equally price fluctuation can be explain by its past prices.
Correlation Coefficient0.83
Spearman Rank Test0.81
Residual Average0.0
Price Variance11.12

Invesco Equally Weig lagged returns against current returns

Autocorrelation, which is Invesco Equally 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 Equally's mutual fund expected returns. We can calculate the autocorrelation of Invesco Equally returns to help us make a trade decision. For example, suppose you find that Invesco Equally 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 Equally 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 Equally mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Equally 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 Equally mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Invesco Equally Lagged Returns

When evaluating Invesco Equally's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Equally mutual fund have on its future price. Invesco Equally 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 Equally autocorrelation shows the relationship between Invesco Equally mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Equally Weighted Sp.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Invesco Mutual Fund

Invesco Equally 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 Equally security.
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