Invesco Porate Bond Fund Market Value
| ACCBX Fund | USD 6.32 0.01 0.16% |
| Symbol | Invesco |
Invesco Porate '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 Porate'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 Porate.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Invesco Porate on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Invesco Porate Bond or generate 0.0% return on investment in Invesco Porate over 360 days. Invesco Porate 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 corporate bonds, and in derivativ... More
Invesco Porate 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 Porate'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 Porate Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.41) | |||
| Maximum Drawdown | 1.28 | |||
| Value At Risk | (0.63) | |||
| Potential Upside | 0.4831 |
Invesco Porate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Porate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Porate's standard deviation. In reality, there are many statistical measures that can use Invesco Porate historical prices to predict the future Invesco Porate's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.30) |
Invesco Porate Bond Backtested Returns
Invesco Porate Bond holds Efficiency (Sharpe) Ratio of -0.0439, which attests that the entity had a -0.0439% return per unit of risk over the last 3 months. Invesco Porate Bond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco Porate's Risk Adjusted Performance of (0.03), market risk adjusted performance of (0.29), and Standard Deviation of 0.3255 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.063, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Porate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Porate is expected to be smaller as well.
Auto-correlation | 0.07 |
Virtually no predictability
Invesco Porate Bond has virtually no predictability. Overlapping area represents the amount of predictability between Invesco Porate time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Porate Bond price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Invesco Porate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Invesco Porate Bond lagged returns against current returns
Autocorrelation, which is Invesco Porate 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 Porate's mutual fund expected returns. We can calculate the autocorrelation of Invesco Porate returns to help us make a trade decision. For example, suppose you find that Invesco Porate 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 Porate 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 Porate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Porate 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 Porate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Porate Lagged Returns
When evaluating Invesco Porate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Porate mutual fund have on its future price. Invesco Porate 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 Porate autocorrelation shows the relationship between Invesco Porate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Porate Bond.
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 Porate 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 Porate security.
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