Invesco Agriculture Commodity Etf Market Value
| PDBA Etf | USD 39.80 0.25 0.63% |
| Symbol | Invesco |
The market value of Invesco Agriculture 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 Agriculture's value that differs from its market value or its book value, called intrinsic value, which is Invesco Agriculture'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 Agriculture's market value can be influenced by many factors that don't directly affect Invesco Agriculture'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 Agriculture's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Agriculture is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Agriculture'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 Agriculture '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 Agriculture'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 Agriculture.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in Invesco Agriculture on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding Invesco Agriculture Commodity or generate 0.0% return on investment in Invesco Agriculture over 720 days. Invesco Agriculture is related to or competes with SPDR Gold, Invesco DB, and IShares Gold. The fund is an actively managed ETF that seeks to achieve its investment objective by investing in a combination of fina... More
Invesco Agriculture 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 Agriculture'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 Agriculture Commodity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.895 | |||
| Information Ratio | 0.0873 | |||
| Maximum Drawdown | 4.01 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.17 |
Invesco Agriculture Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Agriculture's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Agriculture's standard deviation. In reality, there are many statistical measures that can use Invesco Agriculture historical prices to predict the future Invesco Agriculture's volatility.| Risk Adjusted Performance | 0.1006 | |||
| Jensen Alpha | 0.0915 | |||
| Total Risk Alpha | 0.0709 | |||
| Sortino Ratio | 0.0802 | |||
| Treynor Ratio | 0.8396 |
Invesco Agriculture Backtested Returns
At this point, Invesco Agriculture is very steady. Invesco Agriculture 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-nine technical indicators for Invesco Agriculture, which you can use to evaluate the volatility of the entity. Please check out Invesco Agriculture's Market Risk Adjusted Performance of 0.8496, downside deviation of 0.895, and Risk Adjusted Performance of 0.1006 to validate if the risk estimate we provide is consistent with the expected return of 0.0987%. The etf retains a Market Volatility (i.e., Beta) of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Agriculture's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Agriculture is expected to be smaller as well.
Auto-correlation | 0.75 |
Good predictability
Invesco Agriculture Commodity has good predictability. Overlapping area represents the amount of predictability between Invesco Agriculture time series from 1st of January 2023 to 27th of December 2023 and 27th of December 2023 to 21st 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 Agriculture price movement. The serial correlation of 0.75 indicates that around 75.0% of current Invesco Agriculture price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 6.23 |
Invesco Agriculture lagged returns against current returns
Autocorrelation, which is Invesco Agriculture 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 Agriculture's etf expected returns. We can calculate the autocorrelation of Invesco Agriculture returns to help us make a trade decision. For example, suppose you find that Invesco Agriculture 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 Agriculture 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 Agriculture etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Agriculture etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Agriculture etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Agriculture Lagged Returns
When evaluating Invesco Agriculture's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Agriculture etf have on its future price. Invesco Agriculture 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 Agriculture autocorrelation shows the relationship between Invesco Agriculture etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Agriculture Commodity.
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.When determining whether Invesco Agriculture offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Invesco Agriculture's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Invesco Agriculture Commodity Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Invesco Agriculture Commodity Etf:Check out Invesco Agriculture Correlation, Invesco Agriculture Volatility and Invesco Agriculture Alpha and Beta module to complement your research on Invesco Agriculture. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Invesco Agriculture 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.