Invesco Solar (UK) Market Value
| ISUN Etf | 18.42 0.05 0.27% |
| Symbol | Invesco |
Invesco Solar '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 Solar's etf 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 Solar.
| 05/23/2023 |
| 12/13/2024 |
If you would invest 0.00 in Invesco Solar on May 23, 2023 and sell it all today you would earn a total of 0.00 from holding Invesco Solar Energy or generate 0.0% return on investment in Invesco Solar over 570 days. Invesco Solar is related to or competes with IShares Treasury, IShares Treasury, VanEck Crypto, SPDR Barclays, Amundi Treasury, SPDR Barclays, and UBSFund Solutions. Invesco Solar is entity of United Kingdom More
Invesco Solar 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 Solar's etf 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 Solar Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 14.95 | |||
| Value At Risk | (3.92) | |||
| Potential Upside | 4.2 |
Invesco Solar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Solar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Solar's standard deviation. In reality, there are many statistical measures that can use Invesco Solar historical prices to predict the future Invesco Solar's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | 0.4409 |
Invesco Solar Energy Backtested Returns
Invesco Solar Energy holds Efficiency (Sharpe) Ratio of -0.072, which attests that the entity had a -0.072% return per unit of risk over the last 3 months. Invesco Solar Energy exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco Solar's Standard Deviation of 2.43, market risk adjusted performance of 0.4509, and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The etf 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, returns on owning Invesco Solar are expected to decrease at a much lower rate. During the bear market, Invesco Solar is likely to outperform the market.
Auto-correlation | 0.56 |
Modest predictability
Invesco Solar Energy has modest predictability. Overlapping area represents the amount of predictability between Invesco Solar time series from 23rd of May 2023 to 3rd of March 2024 and 3rd of March 2024 to 13th 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 Solar Energy price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Invesco Solar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 2.94 |
Invesco Solar Energy lagged returns against current returns
Autocorrelation, which is Invesco Solar etf'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 Solar's etf expected returns. We can calculate the autocorrelation of Invesco Solar returns to help us make a trade decision. For example, suppose you find that Invesco Solar has exhibited high autocorrelation historically, and you observe that the etf 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 Solar 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 Solar etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Solar etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Solar etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Solar Lagged Returns
When evaluating Invesco Solar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Solar etf have on its future price. Invesco Solar 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 Solar autocorrelation shows the relationship between Invesco Solar etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Solar Energy.
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 Etf
Invesco Solar financial ratios help investors to determine whether Invesco Etf 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 Solar security.