Invesco Esg Nasdaq Etf Market Value
| QQJG Etf | USD 24.52 0.07 0.29% |
| Symbol | Invesco |
The market value of Invesco ESG NASDAQ 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 ESG's value that differs from its market value or its book value, called intrinsic value, which is Invesco ESG'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 ESG's market value can be influenced by many factors that don't directly affect Invesco ESG'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 ESG's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco ESG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco ESG'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 ESG '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 ESG'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 ESG.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Invesco ESG on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco ESG NASDAQ or generate 0.0% return on investment in Invesco ESG over 30 days. Invesco ESG is related to or competes with Invesco ESG, Invesco Nasdaq, Invesco Nasdaq, and IShares ESG. The fund generally will invest at least 90 percent of its total assets in the securities that comprise the underlying in... More
Invesco ESG 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 ESG'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 ESG NASDAQ upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.01 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.82 |
Invesco ESG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco ESG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco ESG's standard deviation. In reality, there are many statistical measures that can use Invesco ESG historical prices to predict the future Invesco ESG's volatility.| Risk Adjusted Performance | 0.1029 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1252 |
Invesco ESG NASDAQ Backtested Returns
At this point, Invesco ESG is very steady. Invesco ESG NASDAQ holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Invesco ESG NASDAQ, which you can use to evaluate the volatility of the entity. Please check out Invesco ESG's Market Risk Adjusted Performance of 0.1352, downside deviation of 1.06, and Risk Adjusted Performance of 0.1029 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. The etf retains a Market Volatility (i.e., Beta) of 0.96, which attests to possible diversification benefits within a given portfolio. Invesco ESG returns are very sensitive to returns on the market. As the market goes up or down, Invesco ESG is expected to follow.
Auto-correlation | 0.88 |
Very good predictability
Invesco ESG NASDAQ has very good predictability. Overlapping area represents the amount of predictability between Invesco ESG time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 ESG NASDAQ price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Invesco ESG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Invesco ESG NASDAQ lagged returns against current returns
Autocorrelation, which is Invesco ESG 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 ESG's etf expected returns. We can calculate the autocorrelation of Invesco ESG returns to help us make a trade decision. For example, suppose you find that Invesco ESG 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 ESG 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 ESG etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco ESG etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco ESG etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco ESG Lagged Returns
When evaluating Invesco ESG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco ESG etf have on its future price. Invesco ESG 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 ESG autocorrelation shows the relationship between Invesco ESG etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco ESG NASDAQ.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Invesco ESG NASDAQ is a strong investment it is important to analyze Invesco ESG'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 ESG's future performance. For an informed investment choice regarding Invesco Etf, refer to the following important reports:Check out Invesco ESG Correlation, Invesco ESG Volatility and Invesco ESG Alpha and Beta module to complement your research on Invesco ESG. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Invesco ESG 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.