Invesco Gold Special Fund Market Value
| IOGYX Fund | USD 30.80 0.66 2.10% |
| Symbol | Invesco |
Invesco Gold '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 Gold'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 Gold.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Invesco Gold on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Gold Special or generate 0.0% return on investment in Invesco Gold over 90 days. Invesco Gold is related to or competes with Artisan International, Federated Adjustable, Jp Morgan, Rbb Fund, Vanguard Intermediate-ter, Credit Suisse, and Gmo Quality. The fund invests mainly in common stocks of companies that are involved in mining, processing or dealing in gold or othe... More
Invesco Gold 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 Gold'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 Gold Special upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.84 | |||
| Information Ratio | 0.1277 | |||
| Maximum Drawdown | 7.7 | |||
| Value At Risk | (3.24) | |||
| Potential Upside | 2.68 |
Invesco Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Gold's standard deviation. In reality, there are many statistical measures that can use Invesco Gold historical prices to predict the future Invesco Gold's volatility.| Risk Adjusted Performance | 0.0685 | |||
| Jensen Alpha | 0.1203 | |||
| Total Risk Alpha | 0.3467 | |||
| Sortino Ratio | 0.1253 | |||
| Treynor Ratio | (19.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Gold'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 Gold Special Backtested Returns
Invesco Gold appears to be very steady, given 3 months investment horizon. Invesco Gold Special holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Invesco Gold Special, which you can use to evaluate the volatility of the entity. Please utilize Invesco Gold's Market Risk Adjusted Performance of (19.20), risk adjusted performance of 0.0685, and Downside Deviation of 1.84 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of -0.0063, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Invesco Gold are expected to decrease at a much lower rate. During the bear market, Invesco Gold is likely to outperform the market.
Auto-correlation | -0.32 |
Poor reverse predictability
Invesco Gold Special has poor reverse predictability. Overlapping area represents the amount of predictability between Invesco Gold time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Gold Special price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Invesco Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.59 |
Invesco Gold Special lagged returns against current returns
Autocorrelation, which is Invesco Gold 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 Gold's mutual fund expected returns. We can calculate the autocorrelation of Invesco Gold returns to help us make a trade decision. For example, suppose you find that Invesco Gold 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 Gold 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 Gold mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Gold 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 Gold mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Gold Lagged Returns
When evaluating Invesco Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Gold mutual fund have on its future price. Invesco Gold 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 Gold autocorrelation shows the relationship between Invesco Gold mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Gold Special.
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 Gold 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 Gold security.
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