Invesco Nasdaq 100 Etf Market Value

QQQM Etf  USD 213.54  0.00  0.00%   
Invesco NASDAQ's market value is the price at which a share of Invesco NASDAQ trades on a public exchange. It measures the collective expectations of Invesco NASDAQ 100 investors about its performance. Invesco NASDAQ is selling at 213.54 as of the 23rd of December 2024; that is No Change since the beginning of the trading day. The etf's lowest day price was 209.7.
With this module, you can estimate the performance of a buy and hold strategy of Invesco NASDAQ 100 and determine expected loss or profit from investing in Invesco NASDAQ over a given investment horizon. Check out Invesco NASDAQ Correlation, Invesco NASDAQ Volatility and Invesco NASDAQ Alpha and Beta module to complement your research on Invesco NASDAQ.
Symbol

The market value of Invesco NASDAQ 100 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 NASDAQ's value that differs from its market value or its book value, called intrinsic value, which is Invesco NASDAQ'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 NASDAQ's market value can be influenced by many factors that don't directly affect Invesco NASDAQ'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 NASDAQ's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco NASDAQ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco NASDAQ'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 NASDAQ '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 NASDAQ'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 NASDAQ.
0.00
01/03/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/23/2024
0.00
If you would invest  0.00  in Invesco NASDAQ on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Invesco NASDAQ 100 or generate 0.0% return on investment in Invesco NASDAQ over 720 days. Invesco NASDAQ is related to or competes with Invesco NASDAQ, SPDR Portfolio, SPDR Portfolio, Schwab Dividend, and IShares Semiconductor. The fund generally will invest at least 90 percent of its total assets in the securities that comprise the underlying in... More

Invesco NASDAQ 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 NASDAQ'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 NASDAQ 100 upside and downside potential and time the market with a certain degree of confidence.

Invesco NASDAQ Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco NASDAQ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco NASDAQ's standard deviation. In reality, there are many statistical measures that can use Invesco NASDAQ historical prices to predict the future Invesco NASDAQ's volatility.
Hype
Prediction
LowEstimatedHigh
212.71213.75214.79
Details
Intrinsic
Valuation
LowRealHigh
192.19221.10222.14
Details
Naive
Forecast
LowNextHigh
209.35210.39211.43
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
207.55214.44221.32
Details

Invesco NASDAQ 100 Backtested Returns

As of now, Invesco Etf is very steady. Invesco NASDAQ 100 holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Invesco NASDAQ 100, which you can use to evaluate the volatility of the entity. Please check out Invesco NASDAQ's Risk Adjusted Performance of 0.0913, market risk adjusted performance of 0.1347, and Downside Deviation of 1.22 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The etf retains a Market Volatility (i.e., Beta) of 0.84, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco NASDAQ's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco NASDAQ is expected to be smaller as well.

Auto-correlation

    
  0.89  

Very good predictability

Invesco NASDAQ 100 has very good predictability. Overlapping area represents the amount of predictability between Invesco NASDAQ time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd 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 NASDAQ 100 price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Invesco NASDAQ price fluctuation can be explain by its past prices.
Correlation Coefficient0.89
Spearman Rank Test0.85
Residual Average0.0
Price Variance183.58

Invesco NASDAQ 100 lagged returns against current returns

Autocorrelation, which is Invesco NASDAQ 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 NASDAQ's etf expected returns. We can calculate the autocorrelation of Invesco NASDAQ returns to help us make a trade decision. For example, suppose you find that Invesco NASDAQ 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 NASDAQ 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 NASDAQ etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco NASDAQ etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco NASDAQ etf over time.
   Current vs Lagged Prices   
       Timeline  

Invesco NASDAQ Lagged Returns

When evaluating Invesco NASDAQ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco NASDAQ etf have on its future price. Invesco NASDAQ 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 NASDAQ autocorrelation shows the relationship between Invesco NASDAQ etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco NASDAQ 100.
   Regressed Prices   
       Timeline  

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When determining whether Invesco NASDAQ 100 is a strong investment it is important to analyze Invesco NASDAQ'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 NASDAQ's future performance. For an informed investment choice regarding Invesco Etf, refer to the following important reports:
Check out Invesco NASDAQ Correlation, Invesco NASDAQ Volatility and Invesco NASDAQ Alpha and Beta module to complement your research on Invesco NASDAQ.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Invesco NASDAQ 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.
A focus of Invesco NASDAQ technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Invesco NASDAQ trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...