Invesco National Amt Free Etf Market Value
| PZA Etf | USD 24.15 0.08 0.33% |
| Symbol | Invesco |
The market value of Invesco National AMT 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 National's value that differs from its market value or its book value, called intrinsic value, which is Invesco National'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 National's market value can be influenced by many factors that don't directly affect Invesco National'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 National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco National'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 National '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 National'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 National.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Invesco National on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco National AMT Free or generate 0.0% return on investment in Invesco National over 90 days. Invesco National is related to or competes with SPDR Nuveen, VanEck Intermediate, VanEck Long, SPDR Nuveen, and Invesco California. The fund generally will invest at least 80 percent of its total assets in the components of the index More
Invesco National 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 National'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 National AMT Free upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.475 | |||
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 2.44 | |||
| Value At Risk | (0.42) | |||
| Potential Upside | 0.5499 |
Invesco National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco National's standard deviation. In reality, there are many statistical measures that can use Invesco National historical prices to predict the future Invesco National's volatility.| Risk Adjusted Performance | 0.0494 | |||
| Jensen Alpha | 0.0431 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.23) | |||
| Treynor Ratio | (0.11) |
Invesco National AMT Backtested Returns
At this point, Invesco National is very steady. Invesco National AMT holds Efficiency (Sharpe) Ratio of 0.0694, which attests that the entity had a 0.0694% return per unit of risk over the last 3 months. We have found thirty technical indicators for Invesco National AMT, which you can use to evaluate the volatility of the entity. Please check out Invesco National's Market Risk Adjusted Performance of (0.1), risk adjusted performance of 0.0494, and Downside Deviation of 0.475 to validate if the risk estimate we provide is consistent with the expected return of 0.0268%. 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, returns on owning Invesco National are expected to decrease at a much lower rate. During the bear market, Invesco National is likely to outperform the market.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Invesco National AMT Free has insignificant reverse predictability. Overlapping area represents the amount of predictability between Invesco National time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 National AMT price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Invesco National price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Invesco National AMT lagged returns against current returns
Autocorrelation, which is Invesco National 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 National's etf expected returns. We can calculate the autocorrelation of Invesco National returns to help us make a trade decision. For example, suppose you find that Invesco National 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 |
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Invesco National 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 National etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco National etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco National etf over time.
Current vs Lagged Prices |
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Invesco National Lagged Returns
When evaluating Invesco National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco National etf have on its future price. Invesco National 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 National autocorrelation shows the relationship between Invesco National etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco National AMT Free.
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 National AMT offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Invesco National'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 National Amt Free Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Invesco National Amt Free Etf:Check out Invesco National Correlation, Invesco National Volatility and Invesco National Alpha and Beta module to complement your research on Invesco National. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Invesco National 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.