Invesco Amt Free Municipal Fund Market Value
| IORAX Fund | USD 6.83 0.03 0.44% |
| Symbol | Invesco |
Invesco Amt '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 Amt'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 Amt.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Invesco Amt on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Amt Free Municipal or generate 0.0% return on investment in Invesco Amt over 30 days. Invesco Amt is related to or competes with Invesco Municipal, Invesco Municipal, Oppenheimer Rising, Invesco High, Oppenheimer Strategic, Oppenheimer International, and Oppenheimer International. Under normal market conditions, and as a fundamental policy, the fund invests at least 80 percent of its net assets in s... More
Invesco Amt 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 Amt'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 Amt Free Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 1.88 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.438 |
Invesco Amt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Amt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Amt's standard deviation. In reality, there are many statistical measures that can use Invesco Amt historical prices to predict the future Invesco Amt's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.67) |
Invesco Amt Free Backtested Returns
Invesco Amt Free holds Efficiency (Sharpe) Ratio of -0.0712, which attests that the entity had a -0.0712% return per unit of risk over the last 3 months. Invesco Amt Free exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco Amt's Risk Adjusted Performance of (0.09), standard deviation of 0.3323, and Market Risk Adjusted Performance of (0.66) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.0638, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Amt's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Amt is expected to be smaller as well.
Auto-correlation | -0.91 |
Near perfect reversele predictability
Invesco Amt Free Municipal has near perfect reversele predictability. Overlapping area represents the amount of predictability between Invesco Amt time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Amt Free price movement. The serial correlation of -0.91 indicates that approximately 91.0% of current Invesco Amt price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.91 | |
| Spearman Rank Test | -0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Invesco Amt Free lagged returns against current returns
Autocorrelation, which is Invesco Amt 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 Amt's mutual fund expected returns. We can calculate the autocorrelation of Invesco Amt returns to help us make a trade decision. For example, suppose you find that Invesco Amt 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 Amt 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 Amt mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Amt 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 Amt mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Amt Lagged Returns
When evaluating Invesco Amt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Amt mutual fund have on its future price. Invesco Amt 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 Amt autocorrelation shows the relationship between Invesco Amt mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Amt Free Municipal.
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 Amt 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 Amt security.
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