Invesco Developing Markets Fund Market Value
| GTDDX Fund | USD 33.93 0.27 0.79% |
| Symbol | Invesco |
Invesco Developing '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 Developing'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 Developing.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Invesco Developing on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Developing Markets or generate 0.0% return on investment in Invesco Developing over 30 days. Invesco Developing is related to or competes with American Funds, SCOR PK, Morningstar Unconstrained, Via Renewables, Bondbloxx ETF, Spring Valley, and 70082LAB3. The fund invests at least 80 percent of its net assets in securities of issuers in emerging markets countries More
Invesco Developing 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 Developing'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 Developing Markets upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8307 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 4.15 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 1.83 |
Invesco Developing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Developing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Developing's standard deviation. In reality, there are many statistical measures that can use Invesco Developing historical prices to predict the future Invesco Developing's volatility.| Risk Adjusted Performance | 0.0283 | |||
| Jensen Alpha | (0.0007) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.1108 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Developing'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 Developing Backtested Returns
At this stage we consider Invesco Mutual Fund to be very steady. Invesco Developing holds Efficiency (Sharpe) Ratio of 0.0219, which attests that the entity had a 0.0219% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Invesco Developing, which you can use to evaluate the volatility of the entity. Please check out Invesco Developing's Risk Adjusted Performance of 0.0283, market risk adjusted performance of 0.1208, and Downside Deviation of 0.8307 to validate if the risk estimate we provide is consistent with the expected return of 0.0194%. The fund retains a Market Volatility (i.e., Beta) of 0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Developing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Developing is expected to be smaller as well.
Auto-correlation | -0.05 |
Very weak reverse predictability
Invesco Developing Markets has very weak reverse predictability. Overlapping area represents the amount of predictability between Invesco Developing time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Developing price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Invesco Developing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Invesco Developing lagged returns against current returns
Autocorrelation, which is Invesco Developing 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 Developing's mutual fund expected returns. We can calculate the autocorrelation of Invesco Developing returns to help us make a trade decision. For example, suppose you find that Invesco Developing 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 Developing 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 Developing mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Developing 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 Developing mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Developing Lagged Returns
When evaluating Invesco Developing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Developing mutual fund have on its future price. Invesco Developing 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 Developing autocorrelation shows the relationship between Invesco Developing mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Developing Markets.
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 Developing 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 Developing security.
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