Invesco Quality Income Fund Market Value
| VKMGX Fund | USD 9.59 0.01 0.10% |
| Symbol | Invesco |
Invesco Quality '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 Quality'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 Quality.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Invesco Quality on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Invesco Quality Income or generate 0.0% return on investment in Invesco Quality over 720 days. Invesco Quality 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 mortgage-backed securities of any... More
Invesco Quality 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 Quality'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 Quality Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.54) | |||
| Maximum Drawdown | 1.56 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 0.4082 |
Invesco Quality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Quality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Quality's standard deviation. In reality, there are many statistical measures that can use Invesco Quality historical prices to predict the future Invesco Quality's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.67) |
Invesco Quality Income Backtested Returns
Invesco Quality Income holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. Invesco Quality Income exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco Quality's Risk Adjusted Performance of (0.10), market risk adjusted performance of (0.66), and Standard Deviation of 0.307 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.0675, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Quality's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Quality is expected to be smaller as well.
Auto-correlation | -0.69 |
Very good reverse predictability
Invesco Quality Income has very good reverse predictability. Overlapping area represents the amount of predictability between Invesco Quality time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Quality Income price movement. The serial correlation of -0.69 indicates that around 69.0% of current Invesco Quality price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Invesco Quality Income lagged returns against current returns
Autocorrelation, which is Invesco Quality 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 Quality's mutual fund expected returns. We can calculate the autocorrelation of Invesco Quality returns to help us make a trade decision. For example, suppose you find that Invesco Quality 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 Quality 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 Quality mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Quality 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 Quality mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Quality Lagged Returns
When evaluating Invesco Quality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Quality mutual fund have on its future price. Invesco Quality 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 Quality autocorrelation shows the relationship between Invesco Quality mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Quality Income.
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 Quality 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 Quality security.
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