Invesco Technology (UK) Market Value
| XLKQ Etf | 53,590 196.00 0.37% |
| Symbol | Invesco |
Invesco Technology '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 Technology'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 Technology.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Invesco Technology on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Technology SP or generate 0.0% return on investment in Invesco Technology over 210 days. Invesco Technology is related to or competes with Vanguard FTSE, Leverage Shares, Amundi Index, Amundi Index, Albion Venture, Leverage Shares, and Leverage Shares. Invesco Technology is entity of United Kingdom More
Invesco Technology 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 Technology'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 Technology SP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | 0.0214 | |||
| Maximum Drawdown | 6.01 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 1.9 |
Invesco Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Technology's standard deviation. In reality, there are many statistical measures that can use Invesco Technology historical prices to predict the future Invesco Technology's volatility.| Risk Adjusted Performance | 0.1043 | |||
| Jensen Alpha | 0.1115 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0205 | |||
| Treynor Ratio | 0.4591 |
Invesco Technology Backtested Returns
Invesco Technology appears to be very steady, given 3 months investment horizon. Invesco Technology holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco Technology, which you can use to evaluate the volatility of the entity. Please utilize Invesco Technology's Risk Adjusted Performance of 0.1043, market risk adjusted performance of 0.4691, and Downside Deviation of 1.31 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Technology is expected to be smaller as well.
Auto-correlation | 0.23 |
Weak predictability
Invesco Technology SP has weak predictability. Overlapping area represents the amount of predictability between Invesco Technology time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Technology price movement. The serial correlation of 0.23 indicates that over 23.0% of current Invesco Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 5.7 M |
Invesco Technology lagged returns against current returns
Autocorrelation, which is Invesco Technology 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 Technology's etf expected returns. We can calculate the autocorrelation of Invesco Technology returns to help us make a trade decision. For example, suppose you find that Invesco Technology 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 Technology 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 Technology etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Technology etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Technology etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Technology Lagged Returns
When evaluating Invesco Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Technology etf have on its future price. Invesco Technology 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 Technology autocorrelation shows the relationship between Invesco Technology etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Technology SP.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Invesco Etf
Invesco Technology 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 Technology security.