Invesco EQQQ (France) Market Value
| EQQQ Etf | EUR 507.30 4.50 0.89% |
| Symbol | Invesco |
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.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Invesco EQQQ on January 5, 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 720 days. Invesco EQQQ is related to or competes with Lyxor UCITS, Lyxor UCITS, Lyxor UCITS, Amundi CAC, Gold Bullion, Lyxor CAC, and SSgA SPDR. The investment objective of the Fund is to provide investors with investment results which, before expenses, generally c... 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 | 1.06 | |||
| Information Ratio | 0.1991 | |||
| Maximum Drawdown | 6.36 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 1.43 |
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 | 0.1982 | |||
| Jensen Alpha | 0.2166 | |||
| Total Risk Alpha | 0.1841 | |||
| Sortino Ratio | 0.1796 | |||
| Treynor Ratio | 0.8554 |
Invesco EQQQ NASDAQ Backtested Returns
Invesco EQQQ appears to be very steady, given 3 months investment horizon. Invesco EQQQ NASDAQ holds Efficiency (Sharpe) Ratio of 0.24, which attests that the entity had a 0.24% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco EQQQ NASDAQ, which you can use to evaluate the volatility of the entity. Please utilize Invesco EQQQ's Downside Deviation of 1.06, market risk adjusted performance of 0.8654, and Risk Adjusted Performance of 0.1982 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco EQQQ's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco EQQQ is expected to be smaller as well.
Auto-correlation | 0.86 |
Very good predictability
Invesco EQQQ NASDAQ 100 has very good predictability. Overlapping area represents the amount of predictability between Invesco EQQQ 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 EQQQ NASDAQ price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Invesco EQQQ price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 1117.62 |
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 |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.