Invesco Cef Income Etf Market Value
| PCEF Etf | USD 19.45 0.06 0.31% |
| Symbol | Invesco |
The market value of Invesco CEF Income is measured differently than its book value, which is the value of Invesco that is recorded on the company's balance sheet. Investors also form their own opinion of Invesco CEF's value that differs from its market value or its book value, called intrinsic value, which is Invesco CEF's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Invesco CEF's market value can be influenced by many factors that don't directly affect Invesco CEF's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Invesco CEF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco CEF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco CEF'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 CEF '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 CEF'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 CEF.
| 06/01/2024 |
| 02/26/2025 |
If you would invest 0.00 in Invesco CEF on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco CEF Income or generate 0.0% return on investment in Invesco CEF over 270 days. Invesco CEF is related to or competes with Amplify High, First Trust, Invesco KBW, Global X, and Invesco KBW. The fund generally will invest at least 90 percent of its total assets in the components of the index More
Invesco CEF 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 CEF'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 CEF Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6815 | |||
| Information Ratio | 0.0169 | |||
| Maximum Drawdown | 2.4 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 0.898 |
Invesco CEF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco CEF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco CEF's standard deviation. In reality, there are many statistical measures that can use Invesco CEF historical prices to predict the future Invesco CEF's volatility.| Risk Adjusted Performance | 0.029 | |||
| Jensen Alpha | 0.0129 | |||
| Total Risk Alpha | 0.0106 | |||
| Sortino Ratio | 0.0137 | |||
| Treynor Ratio | 0.0503 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco CEF'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 CEF Income Backtested Returns
At this point, Invesco CEF is very steady. Invesco CEF Income holds Efficiency (Sharpe) Ratio of 0.0238, which attests that the entity had a 0.0238 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco CEF Income, which you can use to evaluate the volatility of the entity. Please check out Invesco CEF's Risk Adjusted Performance of 0.029, market risk adjusted performance of 0.0603, and Downside Deviation of 0.6815 to validate if the risk estimate we provide is consistent with the expected return of 0.013%. The etf retains a Market Volatility (i.e., Beta) of 0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco CEF's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco CEF is expected to be smaller as well.
Auto-correlation | 0.73 |
Good predictability
Invesco CEF Income has good predictability. Overlapping area represents the amount of predictability between Invesco CEF time series from 1st of June 2024 to 14th of October 2024 and 14th of October 2024 to 26th of February 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 CEF Income price movement. The serial correlation of 0.73 indicates that around 73.0% of current Invesco CEF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Invesco CEF Income lagged returns against current returns
Autocorrelation, which is Invesco CEF 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 CEF's etf expected returns. We can calculate the autocorrelation of Invesco CEF returns to help us make a trade decision. For example, suppose you find that Invesco CEF 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 |
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Invesco CEF 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 CEF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco CEF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco CEF etf over time.
Current vs Lagged Prices |
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Invesco CEF Lagged Returns
When evaluating Invesco CEF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco CEF etf have on its future price. Invesco CEF 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 CEF autocorrelation shows the relationship between Invesco CEF etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco CEF Income.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Invesco CEF Income is a strong investment it is important to analyze Invesco CEF's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Invesco CEF's future performance. For an informed investment choice regarding Invesco Etf, refer to the following important reports:Check out Invesco CEF Correlation, Invesco CEF Volatility and Invesco CEF Alpha and Beta module to complement your research on Invesco CEF. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Invesco CEF technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.