Invesco Aerospace Defense Etf Market Value
| PPA Etf | USD 120.36 1.03 0.85% |
| Symbol | Invesco |
The market value of Invesco Aerospace Defense is measured differently than its book value, which is the value of Invesco that is recorded on the company's balance sheet. Investors also form their own opinion of Invesco Aerospace's value that differs from its market value or its book value, called intrinsic value, which is Invesco Aerospace's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Invesco Aerospace's market value can be influenced by many factors that don't directly affect Invesco Aerospace's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Invesco Aerospace's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Aerospace is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Aerospace's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Invesco Aerospace '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 Aerospace'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 Aerospace.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Invesco Aerospace on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Invesco Aerospace Defense or generate 0.0% return on investment in Invesco Aerospace over 720 days. Invesco Aerospace is related to or competes with SPDR SP, IShares Aerospace, Invesco Dynamic, and Invesco Dynamic. The fund generally will invest at least 90 percent of its total assets in securities that comprise the underlying index More
Invesco Aerospace 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 Aerospace'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 Aerospace Defense upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 6.9 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.57 |
Invesco Aerospace Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Aerospace's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Aerospace's standard deviation. In reality, there are many statistical measures that can use Invesco Aerospace historical prices to predict the future Invesco Aerospace's volatility.| Risk Adjusted Performance | 0.0784 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0953 |
Invesco Aerospace Defense Backtested Returns
At this point, Invesco Aerospace is very steady. Invesco Aerospace Defense holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Invesco Aerospace Defense, which you can use to evaluate the volatility of the entity. Please check out Invesco Aerospace's Market Risk Adjusted Performance of 0.1053, downside deviation of 1.17, and Risk Adjusted Performance of 0.0784 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. The etf retains a Market Volatility (i.e., Beta) of 1.05, which attests to a somewhat significant risk relative to the market. Invesco Aerospace returns are very sensitive to returns on the market. As the market goes up or down, Invesco Aerospace is expected to follow.
Auto-correlation | 0.63 |
Good predictability
Invesco Aerospace Defense has good predictability. Overlapping area represents the amount of predictability between Invesco Aerospace time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Aerospace Defense price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Invesco Aerospace price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 84.65 |
Invesco Aerospace Defense lagged returns against current returns
Autocorrelation, which is Invesco Aerospace 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 Aerospace's etf expected returns. We can calculate the autocorrelation of Invesco Aerospace returns to help us make a trade decision. For example, suppose you find that Invesco Aerospace 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 Aerospace 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 Aerospace etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Aerospace etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Aerospace etf over time.
Current vs Lagged Prices |
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Invesco Aerospace Lagged Returns
When evaluating Invesco Aerospace's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Aerospace etf have on its future price. Invesco Aerospace 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 Aerospace autocorrelation shows the relationship between Invesco Aerospace etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Aerospace Defense.
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.When determining whether Invesco Aerospace Defense offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Invesco Aerospace's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Invesco Aerospace Defense Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Invesco Aerospace Defense Etf:Check out Invesco Aerospace Correlation, Invesco Aerospace Volatility and Invesco Aerospace Alpha and Beta module to complement your research on Invesco Aerospace. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Invesco Aerospace technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.