Invesco Senior Income Fund Market Value
| XVVRX Fund | USD 3.94 0.01 0.25% |
| Symbol | Invesco |
Please note, there is a significant difference between Invesco Senior's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Senior is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Senior'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 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 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 Senior.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Invesco Senior on November 1, 2024 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 Transamerica Financial, Mesirow Financial, 1919 Financial, John Hancock, and Royce Global. Invesco Senior is entity of United States 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 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 Senior Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.59) | |||
| Maximum Drawdown | 1.51 | |||
| Value At Risk | (0.50) | |||
| Potential Upside | 0.2525 |
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 | (0.08) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (23.24) |
Invesco Senior Income Backtested Returns
Invesco Senior Income holds Efficiency (Sharpe) Ratio of -0.0708, which attests that the entity had a -0.0708% return per unit of risk over the last 3 months. Invesco Senior Income exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco Senior's Risk Adjusted Performance of (0.08), market risk adjusted performance of (23.23), and Standard Deviation of 0.2702 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.0014, which attests to not very significant fluctuations relative to the market. 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 | 0.87 |
Very good predictability
Invesco Senior Income has very good predictability. Overlapping area represents the amount of predictability between Invesco Senior time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Senior Income price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Invesco Senior price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Invesco Senior Income lagged returns against current returns
Autocorrelation, which is Invesco Senior 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 Senior's mutual 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 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Senior 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 Senior mutual 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 mutual 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 mutual 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 |
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 Senior 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 Senior security.
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