Invesco CoinShares (Germany) Market Value
| BNXG Etf | EUR 102.54 2.20 2.10% |
| Symbol | Invesco |
Invesco CoinShares '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 CoinShares' 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 CoinShares.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Invesco CoinShares on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco CoinShares Global or generate 0.0% return on investment in Invesco CoinShares over 60 days. Invesco CoinShares is related to or competes with Invesco Global. The investment objective of the Fund is to achieve the performance of the ElwoodBlockchain GlobalEquity Index less fees,... More
Invesco CoinShares 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 CoinShares' 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 CoinShares Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.63 | |||
| Information Ratio | 0.1124 | |||
| Maximum Drawdown | 19.74 | |||
| Value At Risk | (3.80) | |||
| Potential Upside | 4.36 |
Invesco CoinShares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco CoinShares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco CoinShares' standard deviation. In reality, there are many statistical measures that can use Invesco CoinShares historical prices to predict the future Invesco CoinShares' volatility.| Risk Adjusted Performance | 0.1043 | |||
| Jensen Alpha | 0.3777 | |||
| Total Risk Alpha | 0.3175 | |||
| Sortino Ratio | 0.134 | |||
| Treynor Ratio | (0.36) |
Invesco CoinShares Global Backtested Returns
Invesco CoinShares appears to be very steady, given 3 months investment horizon. Invesco CoinShares Global holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco CoinShares Global, which you can use to evaluate the volatility of the entity. Please utilize Invesco CoinShares' Downside Deviation of 2.63, risk adjusted performance of 0.1043, and Market Risk Adjusted Performance of (0.35) to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of -1.01, which attests to a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Invesco CoinShares are expected to decrease slowly. On the other hand, during market turmoil, Invesco CoinShares is expected to outperform it slightly.
Auto-correlation | -0.54 |
Good reverse predictability
Invesco CoinShares Global has good reverse predictability. Overlapping area represents the amount of predictability between Invesco CoinShares time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 2025. 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 CoinShares Global price movement. The serial correlation of -0.54 indicates that about 54.0% of current Invesco CoinShares price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 30.74 |
Invesco CoinShares Global lagged returns against current returns
Autocorrelation, which is Invesco CoinShares 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 CoinShares' etf expected returns. We can calculate the autocorrelation of Invesco CoinShares returns to help us make a trade decision. For example, suppose you find that Invesco CoinShares 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 CoinShares 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 CoinShares etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco CoinShares etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco CoinShares etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco CoinShares Lagged Returns
When evaluating Invesco CoinShares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco CoinShares etf have on its future price. Invesco CoinShares 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 CoinShares autocorrelation shows the relationship between Invesco CoinShares etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco CoinShares Global.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Invesco Etf
Invesco CoinShares 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 CoinShares security.