Invesco Treasury (Germany) Market Value
| TRDX Etf | EUR 33.34 0.03 0.09% |
| Symbol | Invesco |
Please note, there is a significant difference between Invesco Treasury's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Treasury is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Treasury'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 Treasury '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 Treasury'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 Treasury.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Invesco Treasury on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Treasury Bond or generate 0.0% return on investment in Invesco Treasury over 30 days. Invesco Treasury is related to or competes with UBS Fund, Xtrackers, Xtrackers Nikkei, IShares VII, SPDR Gold, Vanguard Funds, and IShares Nikkei. More
Invesco Treasury 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 Treasury'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 Treasury Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4242 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.11 | |||
| Value At Risk | (0.61) | |||
| Potential Upside | 0.6968 |
Invesco Treasury Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Treasury's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Treasury's standard deviation. In reality, there are many statistical measures that can use Invesco Treasury historical prices to predict the future Invesco Treasury's volatility.| Risk Adjusted Performance | 0.0258 | |||
| Jensen Alpha | 0.0068 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1036 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Treasury'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 Treasury Bond Backtested Returns
At this point, Invesco Treasury is very steady. Invesco Treasury Bond holds Efficiency (Sharpe) Ratio of 0.0442, which attests that the entity had a 0.0442% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Invesco Treasury Bond, which you can use to evaluate the volatility of the entity. Please check out Invesco Treasury's Risk Adjusted Performance of 0.0258, market risk adjusted performance of 0.1136, and Downside Deviation of 0.4242 to validate if the risk estimate we provide is consistent with the expected return of 0.0193%. The etf retains a Market Volatility (i.e., Beta) of 0.0846, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Treasury's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Treasury is expected to be smaller as well.
Auto-correlation | -0.7 |
Very good reverse predictability
Invesco Treasury Bond has very good reverse predictability. Overlapping area represents the amount of predictability between Invesco Treasury time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Treasury Bond price movement. The serial correlation of -0.7 indicates that around 70.0% of current Invesco Treasury price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Invesco Treasury Bond lagged returns against current returns
Autocorrelation, which is Invesco Treasury 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 Treasury's etf expected returns. We can calculate the autocorrelation of Invesco Treasury returns to help us make a trade decision. For example, suppose you find that Invesco Treasury 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 Treasury 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 Treasury etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Treasury etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Treasury etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Treasury Lagged Returns
When evaluating Invesco Treasury's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Treasury etf have on its future price. Invesco Treasury 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 Treasury autocorrelation shows the relationship between Invesco Treasury etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Treasury Bond.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Invesco Etf
Invesco Treasury financial ratios help investors to determine whether Invesco Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Invesco with respect to the benefits of owning Invesco Treasury security.