Invesco High Yield Fund Market Value
| HYINX Fund | USD 3.54 0.00 0.00% |
| Symbol | Invesco |
Invesco High '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 High'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 High.
| 11/30/2024 |
| 12/30/2024 |
If you would invest 0.00 in Invesco High on November 30, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco High Yield or generate 0.0% return on investment in Invesco High over 30 days. Invesco High is related to or competes with Davis Government, Virtus Seix, Intermediate Government, Lord Abbett, and Goldman Sachs. The fund invests, under normal circumstances, at least 80 percent of its net assets in debt securities that are determin... More
Invesco High 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 High'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 High Yield upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 1.12 | |||
| Value At Risk | (0.28) | |||
| Potential Upside | 0.2817 |
Invesco High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco High's standard deviation. In reality, there are many statistical measures that can use Invesco High historical prices to predict the future Invesco High's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.62) |
Invesco High Yield Backtested Returns
Invesco High Yield holds Efficiency (Sharpe) Ratio of -0.0978, which attests that the entity had a -0.0978% return per unit of risk over the last 3 months. Invesco High Yield exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco High's Risk Adjusted Performance of (0.07), market risk adjusted performance of (0.61), and Standard Deviation of 0.1904 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.0296, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco High is expected to be smaller as well.
Auto-correlation | 0.24 |
Weak predictability
Invesco High Yield has weak predictability. Overlapping area represents the amount of predictability between Invesco High time series from 30th of November 2024 to 15th of December 2024 and 15th of December 2024 to 30th 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 High Yield price movement. The serial correlation of 0.24 indicates that over 24.0% of current Invesco High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Invesco High Yield lagged returns against current returns
Autocorrelation, which is Invesco High 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 High's mutual fund expected returns. We can calculate the autocorrelation of Invesco High returns to help us make a trade decision. For example, suppose you find that Invesco High 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 High 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 High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco High 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 High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco High Lagged Returns
When evaluating Invesco High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco High mutual fund have on its future price. Invesco High 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 High autocorrelation shows the relationship between Invesco High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco High Yield.
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 High 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 High security.
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