Invesco Msci Global Etf Market Value
| CUT Etf | USD 34.31 0.45 1.29% |
| Symbol | Invesco |
The market value of Invesco MSCI Global 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 MSCI's value that differs from its market value or its book value, called intrinsic value, which is Invesco MSCI'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 MSCI's market value can be influenced by many factors that don't directly affect Invesco MSCI'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 MSCI's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco MSCI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco MSCI'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 MSCI '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 MSCI'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 MSCI.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Invesco MSCI on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco MSCI Global or generate 0.0% return on investment in Invesco MSCI over 30 days. Invesco MSCI is related to or competes with IShares Global, VanEck Natural, and Invesco DB. The fund generally will invest at least 90 percent of its total assets in the securities that comprise the underlying in... More
Invesco MSCI 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 MSCI'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 MSCI Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8272 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.75 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.24 |
Invesco MSCI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco MSCI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco MSCI's standard deviation. In reality, there are many statistical measures that can use Invesco MSCI historical prices to predict the future Invesco MSCI's volatility.| Risk Adjusted Performance | 0.0282 | |||
| Jensen Alpha | 0.0103 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.2301 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco MSCI'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 MSCI Global Backtested Returns
Invesco MSCI Global holds Efficiency (Sharpe) Ratio of -0.0012, which attests that the entity had a -0.0012% return per unit of risk over the last 3 months. Invesco MSCI Global exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco MSCI's Market Risk Adjusted Performance of 0.2401, risk adjusted performance of 0.0282, and Downside Deviation of 0.8272 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.0888, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco MSCI's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco MSCI is expected to be smaller as well.
Auto-correlation | -0.65 |
Very good reverse predictability
Invesco MSCI Global has very good reverse predictability. Overlapping area represents the amount of predictability between Invesco MSCI time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 MSCI Global price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Invesco MSCI price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Invesco MSCI Global lagged returns against current returns
Autocorrelation, which is Invesco MSCI 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 MSCI's etf expected returns. We can calculate the autocorrelation of Invesco MSCI returns to help us make a trade decision. For example, suppose you find that Invesco MSCI 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 MSCI 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 MSCI etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco MSCI etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco MSCI etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco MSCI Lagged Returns
When evaluating Invesco MSCI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco MSCI etf have on its future price. Invesco MSCI 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 MSCI autocorrelation shows the relationship between Invesco MSCI etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco MSCI Global.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Invesco MSCI Correlation, Invesco MSCI Volatility and Invesco MSCI Alpha and Beta module to complement your research on Invesco MSCI. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Invesco MSCI 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.