Invesco American Franchise Fund Market Value
| VAFFX Fund | USD 33.15 0.28 0.85% |
| Symbol | INVESCO |
Invesco American '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 American'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 American.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Invesco American on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco American Franchise or generate 0.0% return on investment in Invesco American over 30 days. Invesco American 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, at least 80 percent of its net assets in securities of U.S More
Invesco American 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 American'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 American Franchise upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | 0.0081 | |||
| Maximum Drawdown | 5.36 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 1.64 |
Invesco American Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco American's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco American's standard deviation. In reality, there are many statistical measures that can use Invesco American historical prices to predict the future Invesco American's volatility.| Risk Adjusted Performance | 0.097 | |||
| Jensen Alpha | 0.0114 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0064 | |||
| Treynor Ratio | 0.1303 |
Invesco American Fra Backtested Returns
At this stage we consider INVESCO Mutual Fund to be very steady. Invesco American Fra holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Invesco American Fra, which you can use to evaluate the volatility of the entity. Please check out Invesco American's Risk Adjusted Performance of 0.097, downside deviation of 1.42, and Market Risk Adjusted Performance of 0.1403 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. The fund retains a Market Volatility (i.e., Beta) of 0.98, which attests to possible diversification benefits within a given portfolio. Invesco American returns are very sensitive to returns on the market. As the market goes up or down, Invesco American is expected to follow.
Auto-correlation | 0.68 |
Good predictability
Invesco American Franchise has good predictability. Overlapping area represents the amount of predictability between Invesco American time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 American Fra price movement. The serial correlation of 0.68 indicates that around 68.0% of current Invesco American price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Invesco American Fra lagged returns against current returns
Autocorrelation, which is Invesco American 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 American's mutual fund expected returns. We can calculate the autocorrelation of Invesco American returns to help us make a trade decision. For example, suppose you find that Invesco American 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 American 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 American mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco American 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 American mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco American Lagged Returns
When evaluating Invesco American's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco American mutual fund have on its future price. Invesco American 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 American autocorrelation shows the relationship between Invesco American mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco American Franchise.
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 American 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 American security.
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