Invesco Trust For Stock Market Value
| VTN Stock | USD 11.54 0.07 0.61% |
| Symbol | Invesco |
Invesco Trust For Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Invesco Trust. If investors know Invesco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Invesco Trust listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.022 | Dividend Share 0.521 | Earnings Share 0.97 | Revenue Per Share 0.812 | Quarterly Revenue Growth 0.059 |
The market value of Invesco Trust For 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 Trust's value that differs from its market value or its book value, called intrinsic value, which is Invesco Trust'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 Trust's market value can be influenced by many factors that don't directly affect Invesco Trust'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 Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Trust'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 Trust '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 Trust'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 Trust.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Invesco Trust on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Trust For or generate 0.0% return on investment in Invesco Trust over 30 days. Invesco Trust is related to or competes with Pimco New, Pimco New, BlackRock New, Invesco California, GAMCO Natural, Nuveen Pennsylvania, and Invesco Advantage. Invesco Trust for Investment Grade New York Municipals is a closed-ended fixed income mutual fund launched by Invesco Lt... More
Invesco Trust 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 Trust'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 Trust For upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5544 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 2.23 | |||
| Value At Risk | (0.70) | |||
| Potential Upside | 0.713 |
Invesco Trust Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Trust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Trust's standard deviation. In reality, there are many statistical measures that can use Invesco Trust historical prices to predict the future Invesco Trust's volatility.| Risk Adjusted Performance | 0.0851 | |||
| Jensen Alpha | 0.0443 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 3.7 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Trust'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 Trust For Backtested Returns
As of now, Invesco Stock is very steady. Invesco Trust For holds Efficiency (Sharpe) Ratio of 0.0879, which attests that the entity had a 0.0879% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco Trust For, which you can use to evaluate the volatility of the firm. Please check out Invesco Trust's Market Risk Adjusted Performance of 3.71, downside deviation of 0.5544, and Risk Adjusted Performance of 0.0851 to validate if the risk estimate we provide is consistent with the expected return of 0.0415%. Invesco Trust has a performance score of 6 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0124, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Trust's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Trust is expected to be smaller as well. Invesco Trust For right now retains a risk of 0.47%. Please check out Invesco Trust treynor ratio, expected short fall, as well as the relationship between the Expected Short fall and day median price , to decide if Invesco Trust will be following its current trending patterns.
Auto-correlation | 0.64 |
Good predictability
Invesco Trust For has good predictability. Overlapping area represents the amount of predictability between Invesco Trust time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Trust For price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Invesco Trust price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Invesco Trust For lagged returns against current returns
Autocorrelation, which is Invesco Trust 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 Trust's stock expected returns. We can calculate the autocorrelation of Invesco Trust returns to help us make a trade decision. For example, suppose you find that Invesco Trust 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 |
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Invesco Trust 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 Trust stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Trust stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Trust stock over time.
Current vs Lagged Prices |
| Timeline |
Invesco Trust Lagged Returns
When evaluating Invesco Trust's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Trust stock have on its future price. Invesco Trust 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 Trust autocorrelation shows the relationship between Invesco Trust stock current value and its past values and can show if there is a momentum factor associated with investing in Invesco Trust For.
Regressed Prices |
| Timeline |
Pair Trading with Invesco Trust
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Invesco Trust position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Invesco Trust will appreciate offsetting losses from the drop in the long position's value.Moving against Invesco Stock
The ability to find closely correlated positions to Invesco Trust could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Invesco Trust when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Invesco Trust - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Invesco Trust For to buy it.
The correlation of Invesco Trust is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Invesco Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco Trust For moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Invesco Trust can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Invesco Trust Correlation, Invesco Trust Volatility and Invesco Trust Alpha and Beta module to complement your research on Invesco Trust. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Invesco Trust technical stock 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, stock market cycles, or different charting patterns.