Invesco California Value Stock Market Value
| VCV Stock | USD 10.34 0.07 0.68% |
| Symbol | Invesco |
Invesco California Value Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Invesco California. If investors know Invesco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Invesco California listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.938 | Dividend Share 0.5 | Earnings Share 1.05 | Revenue Per Share 0.8 | Quarterly Revenue Growth (0.03) |
The market value of Invesco California Value is measured differently than its book value, which is the value of Invesco that is recorded on the company's balance sheet. Investors also form their own opinion of Invesco California's value that differs from its market value or its book value, called intrinsic value, which is Invesco California's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Invesco California's market value can be influenced by many factors that don't directly affect Invesco California's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Invesco California's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco California is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco California'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 California '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 California's stock 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 California.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Invesco California on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Invesco California Value or generate 0.0% return on investment in Invesco California over 720 days. Invesco California is related to or competes with Pimco California, Invesco Pennsylvania, Nuveen California, Invesco Advantage, and Blackrock Muniholdings. Invesco California Value Municipal Income Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd More
Invesco California 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 California's stock 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 California Value upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 3.87 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 0.9479 |
Invesco California Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco California's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco California's standard deviation. In reality, there are many statistical measures that can use Invesco California historical prices to predict the future Invesco California's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 0.7597 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco California's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Invesco California Value Backtested Returns
Invesco California Value holds Efficiency (Sharpe) Ratio of -0.0483, which attests that the entity had a -0.0483% return per unit of risk over the last 3 months. Invesco California Value exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco California's Risk Adjusted Performance of (0.03), market risk adjusted performance of 0.7697, and Standard Deviation of 0.6881 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0483, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Invesco California are expected to decrease at a much lower rate. During the bear market, Invesco California is likely to outperform the market. At this point, Invesco California Value has a negative expected return of -0.0335%. Please make sure to check out Invesco California's potential upside and day median price , to decide if Invesco California Value performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Invesco California Value has very good reverse predictability. Overlapping area represents the amount of predictability between Invesco California time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 California Value price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Invesco California price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Invesco California Value lagged returns against current returns
Autocorrelation, which is Invesco California stock'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 California's stock expected returns. We can calculate the autocorrelation of Invesco California returns to help us make a trade decision. For example, suppose you find that Invesco California has exhibited high autocorrelation historically, and you observe that the stock 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 |
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Invesco California 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 California stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco California stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco California stock over time.
Current vs Lagged Prices |
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Invesco California Lagged Returns
When evaluating Invesco California's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco California stock have on its future price. Invesco California 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 California autocorrelation shows the relationship between Invesco California stock current value and its past values and can show if there is a momentum factor associated with investing in Invesco California Value.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Invesco Stock Analysis
When running Invesco California's price analysis, check to measure Invesco California's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Invesco California is operating at the current time. Most of Invesco California's value examination focuses on studying past and present price action to predict the probability of Invesco California's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Invesco California's price. Additionally, you may evaluate how the addition of Invesco California to your portfolios can decrease your overall portfolio volatility.