Invesco Galaxy Bitcoin Etf Market Value
| BTCO Etf | 84.46 4.49 5.61% |
| Symbol | Invesco |
The market value of Invesco Galaxy Bitcoin 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 Galaxy's value that differs from its market value or its book value, called intrinsic value, which is Invesco Galaxy'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 Galaxy's market value can be influenced by many factors that don't directly affect Invesco Galaxy'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 Galaxy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Galaxy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Galaxy'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 Galaxy '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 Galaxy'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 Galaxy.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Invesco Galaxy on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Galaxy Bitcoin or generate 0.0% return on investment in Invesco Galaxy over 90 days. Invesco Galaxy is related to or competes with ProShares Trust, Hashdex Nasdaq, IShares Ethereum, Volatility Shares, and VanEck Ethereum. Invesco Galaxy is entity of United States More
Invesco Galaxy 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 Galaxy'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 Galaxy Bitcoin upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 14.97 | |||
| Value At Risk | (5.61) | |||
| Potential Upside | 4.78 |
Invesco Galaxy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Galaxy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Galaxy's standard deviation. In reality, there are many statistical measures that can use Invesco Galaxy historical prices to predict the future Invesco Galaxy's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | 0.1525 | |||
| Treynor Ratio | (0.49) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Galaxy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Invesco Galaxy Bitcoin Backtested Returns
Invesco Galaxy Bitcoin holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1 % return per unit of risk over the last 3 months. Invesco Galaxy Bitcoin exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco Galaxy's Risk Adjusted Performance of (0.06), market risk adjusted performance of (0.48), and Standard Deviation of 3.12 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco Galaxy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Galaxy is expected to be smaller as well.
Auto-correlation | -0.3 |
Weak reverse predictability
Invesco Galaxy Bitcoin has weak reverse predictability. Overlapping area represents the amount of predictability between Invesco Galaxy time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Galaxy Bitcoin price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Invesco Galaxy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 47.51 |
Invesco Galaxy Bitcoin lagged returns against current returns
Autocorrelation, which is Invesco Galaxy 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 Galaxy's etf expected returns. We can calculate the autocorrelation of Invesco Galaxy returns to help us make a trade decision. For example, suppose you find that Invesco Galaxy 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 Galaxy 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 Galaxy etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Galaxy etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Galaxy etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Galaxy Lagged Returns
When evaluating Invesco Galaxy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Galaxy etf have on its future price. Invesco Galaxy 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 Galaxy autocorrelation shows the relationship between Invesco Galaxy etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Galaxy Bitcoin.
Regressed Prices |
| Timeline |
Pair Trading with Invesco Galaxy
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 Galaxy 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 Galaxy will appreciate offsetting losses from the drop in the long position's value.Moving together with Invesco Etf
| 1.0 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 1.0 | BITO | ProShares Bitcoin | PairCorr |
| 0.89 | BLOK | Amplify Transformational | PairCorr |
| 0.87 | BLCN | Siren Nasdaq NexGen | PairCorr |
Moving against Invesco Etf
| 0.61 | BND | Vanguard Total Bond Sell-off Trend | PairCorr |
| 0.54 | INTF | iShares Edge MSCI | PairCorr |
| 0.52 | GLD | SPDR Gold Shares | PairCorr |
| 0.48 | VEA | Vanguard FTSE Developed | PairCorr |
The ability to find closely correlated positions to Invesco Galaxy 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 Galaxy 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 Galaxy - 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 Galaxy Bitcoin to buy it.
The correlation of Invesco Galaxy 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 Galaxy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco Galaxy Bitcoin 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 Galaxy 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 Galaxy Correlation, Invesco Galaxy Volatility and Invesco Galaxy Alpha and Beta module to complement your research on Invesco Galaxy. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Invesco Galaxy 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.