Invesco Technology (UK) Market Value

XLKQ Etf   54,112  72.00  0.13%   
Invesco Technology's market value is the price at which a share of Invesco Technology trades on a public exchange. It measures the collective expectations of Invesco Technology SP investors about its performance. Invesco Technology is selling for under 54112.50 as of the 25th of November 2024; that is 0.13 percent increase since the beginning of the trading day. The etf's lowest day price was 54054.0.
With this module, you can estimate the performance of a buy and hold strategy of Invesco Technology SP and determine expected loss or profit from investing in Invesco Technology over a given investment horizon. Check out Invesco Technology Correlation, Invesco Technology Volatility and Invesco Technology Alpha and Beta module to complement your research on Invesco Technology.
Symbol

Please note, there is a significant difference between Invesco Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Technology'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 Technology '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 Technology's etf 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 Technology.
0.00
02/29/2024
No Change 0.00  0.0 
In 8 months and 28 days
11/25/2024
0.00
If you would invest  0.00  in Invesco Technology on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Technology SP or generate 0.0% return on investment in Invesco Technology over 270 days. Invesco Technology is related to or competes with Leverage Shares, WisdomTree, WisdomTree Silver, Leverage Shares, GraniteShares FAANG, Lyxor 10Y, and GraniteShares. Invesco Technology is entity of United Kingdom More

Invesco Technology 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 Technology's etf 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 Technology SP upside and downside potential and time the market with a certain degree of confidence.

Invesco Technology Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Technology's standard deviation. In reality, there are many statistical measures that can use Invesco Technology historical prices to predict the future Invesco Technology's volatility.
Hype
Prediction
LowEstimatedHigh
54,11154,11254,114
Details
Intrinsic
Valuation
LowRealHigh
47,34747,34859,524
Details
Naive
Forecast
LowNextHigh
54,20154,20254,203
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
52,72753,64654,565
Details

Invesco Technology Backtested Returns

Currently, Invesco Technology SP is very steady. Invesco Technology 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 thirty technical indicators for Invesco Technology, which you can use to evaluate the volatility of the entity. Please check out Invesco Technology's Risk Adjusted Performance of 0.0925, market risk adjusted performance of 0.2017, and Downside Deviation of 1.22 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. The etf retains a Market Volatility (i.e., Beta) of 0.7, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Technology is expected to be smaller as well.

Auto-correlation

    
  0.81  

Very good predictability

Invesco Technology SP has very good predictability. Overlapping area represents the amount of predictability between Invesco Technology time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 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 Technology price movement. The serial correlation of 0.81 indicates that around 81.0% of current Invesco Technology price fluctuation can be explain by its past prices.
Correlation Coefficient0.81
Spearman Rank Test0.6
Residual Average0.0
Price Variance5.3 M

Invesco Technology lagged returns against current returns

Autocorrelation, which is Invesco Technology etf'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 Technology's etf expected returns. We can calculate the autocorrelation of Invesco Technology returns to help us make a trade decision. For example, suppose you find that Invesco Technology has exhibited high autocorrelation historically, and you observe that the etf 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 Technology 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 Technology etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Technology etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Technology etf over time.
   Current vs Lagged Prices   
       Timeline  

Invesco Technology Lagged Returns

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

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Other Information on Investing in Invesco Etf

Invesco Technology financial ratios help investors to determine whether Invesco Etf 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 Technology security.