Invesco Water Resources Etf Probability of Future Etf Price Finishing Under 66.51
| PHO Etf | USD 66.94 0.23 0.34% |
Invesco |
Invesco Water Target Price Odds to finish below 66.51
The tendency of Invesco Etf price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 66.51 or more in 90 days |
| 66.94 | 90 days | 66.51 | near 1 |
Based on a normal probability distribution, the odds of Invesco Water to drop to $ 66.51 or more in 90 days from now is near 1 (This Invesco Water Resources probability density function shows the probability of Invesco Etf to fall within a particular range of prices over 90 days) . Probability of Invesco Water Resources price to stay between $ 66.51 and its current price of $66.94 at the end of the 90-day period is about 1.07 .
Considering the 90-day investment horizon Invesco Water has a beta of 0.9 indicating Invesco Water Resources market returns are highly reactive to returns on the market. As the market goes up or down, Invesco Water is expected to follow. Additionally Invesco Water Resources has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Invesco Water Price Density |
| Price |
Predictive Modules for Invesco Water
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Invesco Water Resources. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Invesco Water Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Invesco Water is not an exception. The market had few large corrections towards the Invesco Water's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Invesco Water Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Invesco Water within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.1 | |
β | Beta against Dow Jones | 0.90 | |
σ | Overall volatility | 1.42 | |
Ir | Information ratio | -0.12 |
Invesco Water Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Invesco Water for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Invesco Water Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Invesco Water generated a negative expected return over the last 90 days | |
| Latest headline from seekingalpha.com: Invesco Water Resources ETF declares quarterly distribution of 0.0923 | |
| The fund maintains 99.91% of its assets in stocks |
Invesco Water Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Invesco Etf often depends not only on the future outlook of the current and potential Invesco Water's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Invesco Water's indicators that are reflective of the short sentiment are summarized in the table below.
Invesco Water Technical Analysis
Invesco Water's future price can be derived by breaking down and analyzing its technical indicators over time. Invesco Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Invesco Water Resources. In general, you should focus on analyzing Invesco Etf price patterns and their correlations with different microeconomic environments and drivers.
Invesco Water Predictive Forecast Models
Invesco Water's time-series forecasting models is one of many Invesco Water's etf analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Invesco Water's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the etf market movement and maximize returns from investment trading.
Things to note about Invesco Water Resources
Checking the ongoing alerts about Invesco Water for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Invesco Water Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Invesco Water generated a negative expected return over the last 90 days | |
| Latest headline from seekingalpha.com: Invesco Water Resources ETF declares quarterly distribution of 0.0923 | |
| The fund maintains 99.91% of its assets in stocks |
Check out Invesco Water Backtesting, Portfolio Optimization, Invesco Water Correlation, Invesco Water Hype Analysis, Invesco Water Volatility, Invesco Water History as well as Invesco Water Performance. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
The market value of Invesco Water Resources 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 Water's value that differs from its market value or its book value, called intrinsic value, which is Invesco Water'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 Water's market value can be influenced by many factors that don't directly affect Invesco Water'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 Water's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Water is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Water'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.