Invesco Global Health Fund Market Value

GGHCX Fund  USD 36.47  0.50  1.39%   
Invesco Global's market value is the price at which a share of Invesco Global trades on a public exchange. It measures the collective expectations of Invesco Global Health investors about its performance. Invesco Global is trading at 36.47 as of the 15th of March 2025; that is 1.39% up since the beginning of the trading day. The fund's open price was 35.97.
With this module, you can estimate the performance of a buy and hold strategy of Invesco Global Health and determine expected loss or profit from investing in Invesco Global over a given investment horizon. Check out Invesco Global Correlation, Invesco Global Volatility and Invesco Global Alpha and Beta module to complement your research on Invesco Global.
Symbol

Please note, there is a significant difference between Invesco Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Global'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 Global '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 Global'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 Global.
0.00
12/15/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/15/2025
0.00
If you would invest  0.00  in Invesco Global on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Global Health or generate 0.0% return on investment in Invesco Global over 90 days. Invesco Global is related to or competes with Invesco Real, Invesco Municipal, Invesco Municipal, Invesco Municipal, Aim Investment, and Oppenheimer Rising. The fund invests at least 80 percent of its net assets in securities of issuers engaged primarily in health care-related... More

Invesco Global 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 Global'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 Global Health upside and downside potential and time the market with a certain degree of confidence.

Invesco Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Global's standard deviation. In reality, there are many statistical measures that can use Invesco Global historical prices to predict the future Invesco Global's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Global'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.
Hype
Prediction
LowEstimatedHigh
35.0835.9736.86
Details
Intrinsic
Valuation
LowRealHigh
35.3536.2437.13
Details

Invesco Global Health Backtested Returns

At this stage we consider Invesco Mutual Fund to be very steady. Invesco Global Health holds Efficiency (Sharpe) Ratio of close to zero, which attests that the entity had a close to zero % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Invesco Global Health, which you can use to evaluate the volatility of the entity. Please check out Invesco Global's Risk Adjusted Performance of (0.10), standard deviation of 1.05, and Market Risk Adjusted Performance of (0.21) to validate if the risk estimate we provide is consistent with the expected return of 0.0022%. The fund retains a Market Volatility (i.e., Beta) of 0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Global is expected to be smaller as well.

Auto-correlation

    
  -0.74  

Almost perfect reverse predictability

Invesco Global Health has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Invesco Global 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 Global Health price movement. The serial correlation of -0.74 indicates that around 74.0% of current Invesco Global price fluctuation can be explain by its past prices.
Correlation Coefficient-0.74
Spearman Rank Test-0.7
Residual Average0.0
Price Variance0.3

Invesco Global Health lagged returns against current returns

Autocorrelation, which is Invesco Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Invesco Global returns to help us make a trade decision. For example, suppose you find that Invesco Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Global 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 Global mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Invesco Global Lagged Returns

When evaluating Invesco Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Global mutual fund have on its future price. Invesco Global 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 Global autocorrelation shows the relationship between Invesco Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Global Health.
   Regressed Prices   
       Timeline  

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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 Global 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 Global security.
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