Invesco Energy Fund Market Value

IENAX Fund  USD 30.49  0.17  0.55%   
Invesco Energy's market value is the price at which a share of Invesco Energy trades on a public exchange. It measures the collective expectations of Invesco Energy Fund investors about its performance. Invesco Energy is trading at 30.49 as of the 14th of December 2024; that is 0.55% down since the beginning of the trading day. The fund's open price was 30.66.
With this module, you can estimate the performance of a buy and hold strategy of Invesco Energy Fund and determine expected loss or profit from investing in Invesco Energy over a given investment horizon. Check out Invesco Energy Correlation, Invesco Energy Volatility and Invesco Energy Alpha and Beta module to complement your research on Invesco Energy.
Symbol

Please note, there is a significant difference between Invesco Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Energy'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 Energy '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 Energy'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 Energy.
0.00
06/17/2024
No Change 0.00  0.0 
In 5 months and 30 days
12/14/2024
0.00
If you would invest  0.00  in Invesco Energy on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Energy Fund or generate 0.0% return on investment in Invesco Energy over 180 days. Invesco Energy is related to or competes with Invesco Asia, Invesco Developing, Invesco Global, Invesco Dividend, and Invesco Technology. The fund invests, under normal circumstances, at least 80 percent of its net assets in securities of issuers engaged in ... More

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

Invesco Energy Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Energy's standard deviation. In reality, there are many statistical measures that can use Invesco Energy historical prices to predict the future Invesco Energy's volatility.
Hype
Prediction
LowEstimatedHigh
29.4230.4931.56
Details
Intrinsic
Valuation
LowRealHigh
29.5030.5731.64
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Invesco Energy. Your research has to be compared to or analyzed against Invesco Energy's peers to derive any actionable benefits. When done correctly, Invesco Energy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Invesco Energy.

Invesco Energy Backtested Returns

At this stage we consider Invesco Mutual Fund to be very steady. Invesco Energy holds Efficiency (Sharpe) Ratio of 0.0732, which attests that the entity had a 0.0732% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Invesco Energy, which you can use to evaluate the volatility of the entity. Please check out Invesco Energy's Risk Adjusted Performance of 0.0719, downside deviation of 1.25, and Market Risk Adjusted Performance of 0.2374 to validate if the risk estimate we provide is consistent with the expected return of 0.078%. The fund retains a Market Volatility (i.e., Beta) of 0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Energy is expected to be smaller as well.

Auto-correlation

    
  0.14  

Insignificant predictability

Invesco Energy Fund has insignificant predictability. Overlapping area represents the amount of predictability between Invesco Energy time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 Energy price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Invesco Energy price fluctuation can be explain by its past prices.
Correlation Coefficient0.14
Spearman Rank Test-0.13
Residual Average0.0
Price Variance0.68

Invesco Energy lagged returns against current returns

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

Invesco Energy Lagged Returns

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

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Other Information on Investing in Invesco Mutual Fund

Invesco Energy 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 Energy security.
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