Invesco Senior Loan Etf Market Value
| BKLN Etf | USD 21.13 0.02 0.09% |
| Symbol | Invesco |
The market value of Invesco Senior Loan 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 Senior's value that differs from its market value or its book value, called intrinsic value, which is Invesco Senior'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 Senior's market value can be influenced by many factors that don't directly affect Invesco Senior'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 Senior's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Senior is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Senior'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 Senior '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 Senior'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 Senior.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Invesco Senior on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Invesco Senior Loan or generate 0.0% return on investment in Invesco Senior over 720 days. Invesco Senior is related to or competes with SPDR Blackstone, Janus Detroit, and Pacer Pacific. The fund generally will invest at least 80 percent of its total assets in the components of the index More
Invesco Senior 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 Senior'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 Senior Loan upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1056 | |||
| Information Ratio | (0.89) | |||
| Maximum Drawdown | 0.578 | |||
| Value At Risk | (0.1) | |||
| Potential Upside | 0.2376 |
Invesco Senior Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Senior's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Senior's standard deviation. In reality, there are many statistical measures that can use Invesco Senior historical prices to predict the future Invesco Senior's volatility.| Risk Adjusted Performance | 0.227 | |||
| Jensen Alpha | 0.0212 | |||
| Total Risk Alpha | 0.0127 | |||
| Sortino Ratio | (0.92) | |||
| Treynor Ratio | 0.4091 |
Invesco Senior Loan Backtested Returns
As of now, Invesco Etf is very steady. Invesco Senior Loan holds Efficiency (Sharpe) Ratio of 0.4, which attests that the entity had a 0.4% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Invesco Senior Loan, which you can use to evaluate the volatility of the entity. Please check out Invesco Senior's Coefficient Of Variation of 265.88, risk adjusted performance of 0.227, and Market Risk Adjusted Performance of 0.4191 to validate if the risk estimate we provide is consistent with the expected return of 0.0413%. The etf retains a Market Volatility (i.e., Beta) of 0.0753, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Senior's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Senior is expected to be smaller as well.
Auto-correlation | 0.94 |
Excellent predictability
Invesco Senior Loan has excellent predictability. Overlapping area represents the amount of predictability between Invesco Senior time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Senior Loan price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current Invesco Senior price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | 0.96 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Invesco Senior Loan lagged returns against current returns
Autocorrelation, which is Invesco Senior 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 Senior's etf expected returns. We can calculate the autocorrelation of Invesco Senior returns to help us make a trade decision. For example, suppose you find that Invesco Senior 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 Senior 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 Senior etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Senior etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Senior etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Senior Lagged Returns
When evaluating Invesco Senior's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Senior etf have on its future price. Invesco Senior 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 Senior autocorrelation shows the relationship between Invesco Senior etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Senior Loan.
Regressed Prices |
| Timeline |
Pair Trading with Invesco Senior
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 Senior 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 Senior will appreciate offsetting losses from the drop in the long position's value.Moving together with Invesco Etf
| 0.99 | SRLN | SPDR Blackstone Senior | PairCorr |
| 0.98 | FTSL | First Trust Senior | PairCorr |
| 0.98 | FLBL | Franklin Liberty Senior | PairCorr |
| 0.98 | SEIX | Virtus ETF Trust | PairCorr |
| 0.97 | JBBB | Janus Detroit Street | PairCorr |
Moving against Invesco Etf
| 0.93 | ISHG | iShares 1 3 | PairCorr |
| 0.91 | IGOV | iShares International | PairCorr |
| 0.89 | WIP | SPDR FTSE International | PairCorr |
| 0.71 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.6 | PCY | Invesco Emerging Markets | PairCorr |
The ability to find closely correlated positions to Invesco Senior 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 Senior 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 Senior - 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 Senior Loan to buy it.
The correlation of Invesco Senior 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 Senior moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco Senior Loan 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 Senior 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 Senior Correlation, Invesco Senior Volatility and Invesco Senior Alpha and Beta module to complement your research on Invesco Senior. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Invesco Senior technical etf 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, etf market cycles, or different charting patterns.