Invesco Exchange Traded Self Indexed Etf Market Value
| BSJU Etf | USD 25.66 0.04 0.16% |
| Symbol | Invesco |
The market value of Invesco Exchange Traded 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 Exchange's value that differs from its market value or its book value, called intrinsic value, which is Invesco Exchange'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 Exchange's market value can be influenced by many factors that don't directly affect Invesco Exchange'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 Exchange's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Exchange is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Exchange'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 Exchange '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 Exchange'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 Exchange.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Invesco Exchange on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Invesco Exchange Traded Self Indexed or generate 0.0% return on investment in Invesco Exchange over 720 days. Invesco Exchange is related to or competes with IShares IBoxx, IShares Broad, IShares 0, Xtrackers USD, and Xtrackers Low. The fund generally will invest at least 80 percent of its total assets in securities that comprise the index More
Invesco Exchange 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 Exchange'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 Exchange Traded Self Indexed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 1.71 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.4278 |
Invesco Exchange Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Exchange's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Exchange's standard deviation. In reality, there are many statistical measures that can use Invesco Exchange historical prices to predict the future Invesco Exchange's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.11) |
Invesco Exchange Traded Backtested Returns
Invesco Exchange Traded holds Efficiency (Sharpe) Ratio of -0.0403, which attests that the entity had a -0.0403% return per unit of risk over the last 3 months. Invesco Exchange Traded exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco Exchange's Market Risk Adjusted Performance of (0.1), risk adjusted performance of (0.05), and Standard Deviation of 0.2866 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Exchange's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Exchange is expected to be smaller as well.
Auto-correlation | 0.59 |
Modest predictability
Invesco Exchange Traded Self Indexed has modest predictability. Overlapping area represents the amount of predictability between Invesco Exchange time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Exchange Traded price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Invesco Exchange price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
Invesco Exchange Traded lagged returns against current returns
Autocorrelation, which is Invesco Exchange 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 Exchange's etf expected returns. We can calculate the autocorrelation of Invesco Exchange returns to help us make a trade decision. For example, suppose you find that Invesco Exchange 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 Exchange 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 Exchange etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Exchange etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Exchange etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Exchange Lagged Returns
When evaluating Invesco Exchange's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Exchange etf have on its future price. Invesco Exchange 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 Exchange autocorrelation shows the relationship between Invesco Exchange etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Exchange Traded Self Indexed.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Invesco Exchange Correlation, Invesco Exchange Volatility and Invesco Exchange Alpha and Beta module to complement your research on Invesco Exchange. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Invesco Exchange 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.