Invesco Greater China Fund Market Value
| CACSX Fund | USD 17.19 0.02 0.12% |
| Symbol | Invesco |
Invesco Greater '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 Greater'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 Greater.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Invesco Greater on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Greater China or generate 0.0% return on investment in Invesco Greater over 180 days. Invesco Greater is related to or competes with Prudential Real, Us Real, Deutsche Real, Amg Managers, Fidelity Real, and Columbia Real. The fund invests, under normal circumstances, at least 80 percent of its net assets in equity or equity-related instrume... More
Invesco Greater 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 Greater'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 Greater China upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 14.02 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 3.44 |
Invesco Greater Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Greater's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Greater's standard deviation. In reality, there are many statistical measures that can use Invesco Greater historical prices to predict the future Invesco Greater's volatility.| Risk Adjusted Performance | 0.0455 | |||
| Jensen Alpha | 0.0897 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.45 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Greater'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 Greater China Backtested Returns
At this stage we consider Invesco Mutual Fund to be not too volatile. Invesco Greater China holds Efficiency (Sharpe) Ratio of 0.0503, which attests that the entity had a 0.0503% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Invesco Greater China, which you can use to evaluate the volatility of the entity. Please check out Invesco Greater's Market Risk Adjusted Performance of 1.46, downside deviation of 2.13, and Risk Adjusted Performance of 0.0455 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 0.0681, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Greater's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Greater is expected to be smaller as well.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Invesco Greater China has insignificant reverse predictability. Overlapping area represents the amount of predictability between Invesco Greater time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Greater China price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Invesco Greater price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 1.54 |
Invesco Greater China lagged returns against current returns
Autocorrelation, which is Invesco Greater 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 Greater's mutual fund expected returns. We can calculate the autocorrelation of Invesco Greater returns to help us make a trade decision. For example, suppose you find that Invesco Greater 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 Greater 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 Greater mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Greater 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 Greater mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Greater Lagged Returns
When evaluating Invesco Greater's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Greater mutual fund have on its future price. Invesco Greater 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 Greater autocorrelation shows the relationship between Invesco Greater mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Greater China.
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 Greater 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 Greater security.
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