Invesco EQQQ (Germany) Market Value
| EQEU Etf | EUR 379.20 0.00 0.00% |
| Symbol | Invesco |
Please note, there is a significant difference between Invesco EQQQ's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco EQQQ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco EQQQ'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 EQQQ '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 EQQQ'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 EQQQ.
| 12/03/2023 |
| 12/27/2024 |
If you would invest 0.00 in Invesco EQQQ on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Invesco EQQQ NASDAQ 100 or generate 0.0% return on investment in Invesco EQQQ over 390 days. Invesco EQQQ is related to or competes with UBS Fund, Xtrackers, Xtrackers Nikkei, IShares VII, SPDR Gold, Vanguard Funds, and IShares Nikkei. More
Invesco EQQQ 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 EQQQ'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 EQQQ NASDAQ 100 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | 0.0602 | |||
| Maximum Drawdown | 6.06 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 1.47 |
Invesco EQQQ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco EQQQ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco EQQQ's standard deviation. In reality, there are many statistical measures that can use Invesco EQQQ historical prices to predict the future Invesco EQQQ's volatility.| Risk Adjusted Performance | 0.0898 | |||
| Jensen Alpha | 0.1084 | |||
| Total Risk Alpha | 0.0494 | |||
| Sortino Ratio | 0.0505 | |||
| Treynor Ratio | (9.72) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco EQQQ'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 EQQQ NASDAQ Backtested Returns
At this point, Invesco EQQQ is very steady. Invesco EQQQ NASDAQ 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. We have found twenty-four technical indicators for Invesco EQQQ NASDAQ, which you can use to evaluate the volatility of the entity. Please check out Invesco EQQQ's Market Risk Adjusted Performance of (9.71), risk adjusted performance of 0.0898, and Downside Deviation of 1.28 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The etf retains a Market Volatility (i.e., Beta) of -0.0111, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Invesco EQQQ are expected to decrease at a much lower rate. During the bear market, Invesco EQQQ is likely to outperform the market.
Auto-correlation | 0.40 |
Average predictability
Invesco EQQQ NASDAQ 100 has average predictability. Overlapping area represents the amount of predictability between Invesco EQQQ time series from 3rd of December 2023 to 15th of June 2024 and 15th of June 2024 to 27th 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 EQQQ NASDAQ price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Invesco EQQQ price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 219.13 |
Invesco EQQQ NASDAQ lagged returns against current returns
Autocorrelation, which is Invesco EQQQ 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 EQQQ's etf expected returns. We can calculate the autocorrelation of Invesco EQQQ returns to help us make a trade decision. For example, suppose you find that Invesco EQQQ 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 EQQQ 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 EQQQ etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco EQQQ etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco EQQQ etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco EQQQ Lagged Returns
When evaluating Invesco EQQQ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco EQQQ etf have on its future price. Invesco EQQQ 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 EQQQ autocorrelation shows the relationship between Invesco EQQQ etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco EQQQ NASDAQ 100.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Invesco Etf
Invesco EQQQ 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 EQQQ security.