Invesco Sp Smallcap Etf Market Value
| PSCH Etf | USD 46.29 0.30 0.64% |
| Symbol | Invesco |
The market value of Invesco SP SmallCap 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 SP's value that differs from its market value or its book value, called intrinsic value, which is Invesco SP'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 SP's market value can be influenced by many factors that don't directly affect Invesco SP'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 SP's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco SP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco SP'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 SP '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 SP'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 SP.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Invesco SP on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco SP SmallCap or generate 0.0% return on investment in Invesco SP over 30 days. Invesco SP is related to or competes with Invesco SP, SPDR SP, Invesco SP, Invesco DWA, and Invesco SP. The fund generally will invest at least 90 percent of its total assets in the securities that comprise the index More
Invesco SP 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 SP'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 SP SmallCap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 9.2 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 2.11 |
Invesco SP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco SP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco SP's standard deviation. In reality, there are many statistical measures that can use Invesco SP historical prices to predict the future Invesco SP's volatility.| Risk Adjusted Performance | 0.0227 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0165 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco SP'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 SP SmallCap Backtested Returns
Invesco SP is very steady at the moment. Invesco SP SmallCap holds Efficiency (Sharpe) Ratio of 0.0023, which attests that the entity had a 0.0023% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco SP SmallCap, which you can use to evaluate the volatility of the entity. Please check out Invesco SP's Market Risk Adjusted Performance of 0.0265, downside deviation of 1.44, and Risk Adjusted Performance of 0.0227 to validate if the risk estimate we provide is consistent with the expected return of 0.0033%. The etf retains a Market Volatility (i.e., Beta) of 1.54, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Invesco SP will likely underperform.
Auto-correlation | -0.69 |
Very good reverse predictability
Invesco SP SmallCap has very good reverse predictability. Overlapping area represents the amount of predictability between Invesco SP time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 SP SmallCap price movement. The serial correlation of -0.69 indicates that around 69.0% of current Invesco SP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Invesco SP SmallCap lagged returns against current returns
Autocorrelation, which is Invesco SP 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 SP's etf expected returns. We can calculate the autocorrelation of Invesco SP returns to help us make a trade decision. For example, suppose you find that Invesco SP 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 SP 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 SP etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco SP etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco SP etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco SP Lagged Returns
When evaluating Invesco SP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco SP etf have on its future price. Invesco SP 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 SP autocorrelation shows the relationship between Invesco SP etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco SP SmallCap.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Invesco SP SmallCap is a strong investment it is important to analyze Invesco SP's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Invesco SP's future performance. For an informed investment choice regarding Invesco Etf, refer to the following important reports:Check out Invesco SP Correlation, Invesco SP Volatility and Invesco SP Alpha and Beta module to complement your research on Invesco SP. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Invesco SP 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.