Invesco European Small Fund Market Value
| ESMCX Fund | USD 13.60 0.20 1.49% |
| Symbol | Invesco |
Invesco European '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 European's mutual fund 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 European.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Invesco European on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco European Small or generate 0.0% return on investment in Invesco European over 90 days. Invesco European is related to or competes with Kinetics Small, Small-midcap Dividend, Transamerica International, Glg Intl, T Rowe, Nuveen Nwq, and Old Westbury. The fund invests at least 80 percent of its net assets in securities of small-capitalization European issuers, and in de... More
Invesco European 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 European's mutual fund 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 European Small upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0911 | |||
| Maximum Drawdown | 5.4 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 1.31 |
Invesco European Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco European's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco European's standard deviation. In reality, there are many statistical measures that can use Invesco European historical prices to predict the future Invesco European's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | 0.0304 | |||
| Total Risk Alpha | 0.1295 | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco European'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 European Small Backtested Returns
At this stage we consider Invesco Mutual Fund to be very steady. Invesco European Small holds Efficiency (Sharpe) Ratio of 0.0889, which attests that the entity had a 0.0889 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Invesco European Small, which you can use to evaluate the volatility of the entity. Please check out Invesco European's Standard Deviation of 1.05, risk adjusted performance of (0.03), and Market Risk Adjusted Performance of (0.08) to validate if the risk estimate we provide is consistent with the expected return of 0.0791%. The fund retains a Market Volatility (i.e., Beta) of 0.54, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco European's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco European is expected to be smaller as well.
Auto-correlation | 0.12 |
Insignificant predictability
Invesco European Small has insignificant predictability. Overlapping area represents the amount of predictability between Invesco European time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 European Small price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Invesco European price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Invesco European Small lagged returns against current returns
Autocorrelation, which is Invesco European mutual fund'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 European's mutual fund expected returns. We can calculate the autocorrelation of Invesco European returns to help us make a trade decision. For example, suppose you find that Invesco European has exhibited high autocorrelation historically, and you observe that the mutual fund 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 European 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 European mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco European mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco European mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco European Lagged Returns
When evaluating Invesco European's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco European mutual fund have on its future price. Invesco European 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 European autocorrelation shows the relationship between Invesco European mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco European Small.
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 Mutual Fund
Invesco European financial ratios help investors to determine whether Invesco Mutual Fund 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 European security.
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