Invesco Physical (UK) Market Value
| SGLD Stock | 252.77 2.91 1.16% |
| Symbol | Invesco |
Invesco Physical '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 Physical's stock 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 Physical.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in Invesco Physical on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Invesco Physical Gold or generate 0.0% return on investment in Invesco Physical over 390 days. Invesco Physical is related to or competes with Invesco Physical, Amundi Physical, IShares Physical, Invesco Physical, IShares Physical, and DB Physical. Invesco Physical is entity of United Kingdom More
Invesco Physical 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 Physical's stock 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 Physical Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.3 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 1.2 |
Invesco Physical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Physical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Physical's standard deviation. In reality, there are many statistical measures that can use Invesco Physical historical prices to predict the future Invesco Physical's volatility.| Risk Adjusted Performance | 0.0075 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.5335 |
Invesco Physical Gold Backtested Returns
Invesco Physical Gold holds Efficiency (Sharpe) Ratio of -0.0015, which attests that the entity had a -0.0015% return per unit of risk over the last 3 months. Invesco Physical Gold exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco Physical's Risk Adjusted Performance of 0.0075, downside deviation of 1.17, and Market Risk Adjusted Performance of 0.5435 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0054, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Invesco Physical are expected to decrease at a much lower rate. During the bear market, Invesco Physical is likely to outperform the market. At this point, Invesco Physical Gold has a negative expected return of -0.0014%. Please make sure to check out Invesco Physical's maximum drawdown, potential upside, semi variance, as well as the relationship between the value at risk and downside variance , to decide if Invesco Physical Gold performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.81 |
Very good predictability
Invesco Physical Gold has very good predictability. Overlapping area represents the amount of predictability between Invesco Physical time series from 28th of November 2023 to 10th of June 2024 and 10th of June 2024 to 22nd 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 Physical Gold price movement. The serial correlation of 0.81 indicates that around 81.0% of current Invesco Physical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 173.94 |
Invesco Physical Gold lagged returns against current returns
Autocorrelation, which is Invesco Physical stock'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 Physical's stock expected returns. We can calculate the autocorrelation of Invesco Physical returns to help us make a trade decision. For example, suppose you find that Invesco Physical has exhibited high autocorrelation historically, and you observe that the stock 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 Physical 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 Physical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Physical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Physical stock over time.
Current vs Lagged Prices |
| Timeline |
Invesco Physical Lagged Returns
When evaluating Invesco Physical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Physical stock have on its future price. Invesco Physical 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 Physical autocorrelation shows the relationship between Invesco Physical stock current value and its past values and can show if there is a momentum factor associated with investing in Invesco Physical Gold.
Regressed Prices |
| Timeline |
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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.Additional Tools for Invesco Stock Analysis
When running Invesco Physical's price analysis, check to measure Invesco Physical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Invesco Physical is operating at the current time. Most of Invesco Physical's value examination focuses on studying past and present price action to predict the probability of Invesco Physical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Invesco Physical's price. Additionally, you may evaluate how the addition of Invesco Physical to your portfolios can decrease your overall portfolio volatility.