Invesco Senior Income Fund Market Value
| VVR Fund | USD 4.06 0.03 0.73% |
| Symbol | Invesco |
Invesco Senior '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 Senior's 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 Senior.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Invesco Senior on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Invesco Senior Income or generate 0.0% return on investment in Invesco Senior over 30 days. Invesco Senior is related to or competes with Nuveen Floating, Blackrock Muni, Eaton Vance, BlackRock Floating, Nuveen Mortgage, Pioneer Floating, and Blackrock Floating. Invesco Senior Income Trust is a closed ended fixed income mutual fund launched by Invesco Ltd More
Invesco Senior 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 Senior's 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 Senior Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9722 | |||
| Information Ratio | 0.0409 | |||
| Maximum Drawdown | 3.34 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.06 |
Invesco Senior Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Senior's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Senior's standard deviation. In reality, there are many statistical measures that can use Invesco Senior historical prices to predict the future Invesco Senior's volatility.| Risk Adjusted Performance | 0.116 | |||
| Jensen Alpha | 0.0808 | |||
| Total Risk Alpha | 0.0357 | |||
| Sortino Ratio | 0.0338 | |||
| Treynor Ratio | 0.3371 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Senior'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 Senior Income Backtested Returns
Currently, Invesco Senior Income is not too volatile. Invesco Senior Income holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco Senior Income, which you can use to evaluate the volatility of the entity. Please check out Invesco Senior's Market Risk Adjusted Performance of 0.3471, downside deviation of 0.9722, and Risk Adjusted Performance of 0.116 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The fund retains a Market Volatility (i.e., Beta) of 0.3, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco Senior's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Senior is expected to be smaller as well.
Auto-correlation | 0.31 |
Below average predictability
Invesco Senior Income has below average predictability. Overlapping area represents the amount of predictability between Invesco Senior time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. 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 Senior Income price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Invesco Senior price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Invesco Senior Income lagged returns against current returns
Autocorrelation, which is Invesco Senior 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 Senior's fund expected returns. We can calculate the autocorrelation of Invesco Senior returns to help us make a trade decision. For example, suppose you find that Invesco Senior has exhibited high autocorrelation historically, and you observe that the 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 Senior 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 Senior fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Senior fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Senior fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Senior Lagged Returns
When evaluating Invesco Senior's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Senior fund have on its future price. Invesco Senior 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 Senior autocorrelation shows the relationship between Invesco Senior fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Senior Income.
Regressed Prices |
| Timeline |
Pair Trading with Invesco Senior
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 Senior 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 Senior will appreciate offsetting losses from the drop in the long position's value.Moving together with Invesco Fund
Moving against Invesco Fund
The ability to find closely correlated positions to Invesco Senior 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 Senior 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 Senior - 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 Senior Income to buy it.
The correlation of Invesco Senior 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 Senior moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco Senior Income 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 Senior 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 Fund
Invesco Senior financial ratios help investors to determine whether Invesco 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 Senior security.
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