Invesco Quantitative's market value is the price at which a share of Invesco Quantitative trades on a public exchange. It measures the collective expectations of Invesco Quantitative Strats investors about its performance. Invesco Quantitative is trading at 6.58 as of the 17th of December 2024, a 0.15% down since the beginning of the trading day. The etf's lowest day price was 6.58. With this module, you can estimate the performance of a buy and hold strategy of Invesco Quantitative Strats and determine expected loss or profit from investing in Invesco Quantitative over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Invesco
Invesco Quantitative '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 Quantitative's etf 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 Quantitative.
0.00
12/28/2022
No Change 0.00
0.0
In 1 year 11 months and 22 days
12/17/2024
0.00
If you would invest 0.00 in Invesco Quantitative on December 28, 2022 and sell it all today you would earn a total of 0.00 from holding Invesco Quantitative Strats or generate 0.0% return on investment in Invesco Quantitative over 720 days.
Invesco Quantitative 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 Quantitative's etf 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 Quantitative Strats upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Quantitative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Quantitative's standard deviation. In reality, there are many statistical measures that can use Invesco Quantitative historical prices to predict the future Invesco Quantitative's volatility.
At this point, Invesco Quantitative is very steady. Invesco Quantitative holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco Quantitative, which you can use to evaluate the volatility of the entity. Please check out Invesco Quantitative's Downside Deviation of 0.5001, market risk adjusted performance of 0.5777, and Risk Adjusted Performance of 0.1354 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. The etf retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Quantitative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Quantitative is expected to be smaller as well.
Auto-correlation
0.79
Good predictability
Invesco Quantitative Strats has good predictability. Overlapping area represents the amount of predictability between Invesco Quantitative time series from 28th of December 2022 to 23rd of December 2023 and 23rd of December 2023 to 17th 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 Quantitative price movement. The serial correlation of 0.79 indicates that around 79.0% of current Invesco Quantitative price fluctuation can be explain by its past prices.
Correlation Coefficient
0.79
Spearman Rank Test
0.83
Residual Average
0.0
Price Variance
0.12
Invesco Quantitative lagged returns against current returns
Autocorrelation, which is Invesco Quantitative etf'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 Quantitative's etf expected returns. We can calculate the autocorrelation of Invesco Quantitative returns to help us make a trade decision. For example, suppose you find that Invesco Quantitative has exhibited high autocorrelation historically, and you observe that the etf 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 Quantitative 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 Quantitative etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Quantitative etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Quantitative etf over time.
Current vs Lagged Prices
Timeline
Invesco Quantitative Lagged Returns
When evaluating Invesco Quantitative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Quantitative etf have on its future price. Invesco Quantitative 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 Quantitative autocorrelation shows the relationship between Invesco Quantitative etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Quantitative Strats.
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.