Invesco Asia Pacific Fund Market Value
| ASIAX Fund | USD 30.09 0.20 0.66% |
| Symbol | Invesco |
Invesco Asia '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 Asia'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 Asia.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Invesco Asia on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Invesco Asia Pacific or generate 0.0% return on investment in Invesco Asia over 720 days. Invesco Asia is related to or competes with Aam Select, Iaadx, Balanced Fund, Rbb Fund, T Rowe, Abr 7525, and Ab Value. The fund invests at least 80 percent of its net assets in equity securities of issuers in the Asia Pacific region , and ... More
Invesco Asia 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 Asia'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 Asia Pacific upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8783 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 4.91 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.7 |
Invesco Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Asia's standard deviation. In reality, there are many statistical measures that can use Invesco Asia historical prices to predict the future Invesco Asia's volatility.| Risk Adjusted Performance | 0.0275 | |||
| Jensen Alpha | (0.0006) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.099 |
Invesco Asia Pacific Backtested Returns
At this stage we consider Invesco Mutual Fund to be very steady. Invesco Asia Pacific holds Efficiency (Sharpe) Ratio of 0.0218, which attests that the entity had a 0.0218% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Invesco Asia Pacific, which you can use to evaluate the volatility of the entity. Please check out Invesco Asia's Downside Deviation of 0.8783, market risk adjusted performance of 0.109, and Risk Adjusted Performance of 0.0275 to validate if the risk estimate we provide is consistent with the expected return of 0.021%. The fund retains a Market Volatility (i.e., Beta) of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Asia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Asia is expected to be smaller as well.
Auto-correlation | -0.83 |
Excellent reverse predictability
Invesco Asia Pacific has excellent reverse predictability. Overlapping area represents the amount of predictability between Invesco Asia time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Asia Pacific price movement. The serial correlation of -0.83 indicates that around 83.0% of current Invesco Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 2.78 |
Invesco Asia Pacific lagged returns against current returns
Autocorrelation, which is Invesco Asia 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 Asia's mutual fund expected returns. We can calculate the autocorrelation of Invesco Asia returns to help us make a trade decision. For example, suppose you find that Invesco Asia 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 Asia 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 Asia mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Asia 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 Asia mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Asia Lagged Returns
When evaluating Invesco Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Asia mutual fund have on its future price. Invesco Asia 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 Asia autocorrelation shows the relationship between Invesco Asia mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Asia Pacific.
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 Asia 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 Asia security.
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world |