Invesco Fundamental High Etf Market Value
| PHB Etf | USD 18.41 0.01 0.05% |
| Symbol | Invesco |
The market value of Invesco Fundamental High 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 Fundamental's value that differs from its market value or its book value, called intrinsic value, which is Invesco Fundamental'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 Fundamental's market value can be influenced by many factors that don't directly affect Invesco Fundamental'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 Fundamental's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Fundamental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Fundamental'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 Fundamental '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 Fundamental'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 Fundamental.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in Invesco Fundamental on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding Invesco Fundamental High or generate 0.0% return on investment in Invesco Fundamental over 360 days. Invesco Fundamental is related to or competes with Invesco Emerging, Invesco National, PIMCO 0, and SPDR Bloomberg. The fund generally will invest at least 80 percent of its total assets in the components that comprise the index More
Invesco Fundamental 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 Fundamental'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 Fundamental High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2373 | |||
| Information Ratio | (0.49) | |||
| Maximum Drawdown | 1.15 | |||
| Value At Risk | (0.38) | |||
| Potential Upside | 0.3275 |
Invesco Fundamental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Fundamental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Fundamental's standard deviation. In reality, there are many statistical measures that can use Invesco Fundamental historical prices to predict the future Invesco Fundamental's volatility.| Risk Adjusted Performance | 0.0296 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.46) | |||
| Treynor Ratio | 0.0575 |
Invesco Fundamental High Backtested Returns
At this point, Invesco Fundamental is very steady. Invesco Fundamental High holds Efficiency (Sharpe) Ratio of 0.078, which attests that the entity had a 0.078% return per unit of risk over the last 3 months. We have found thirty technical indicators for Invesco Fundamental High, which you can use to evaluate the volatility of the entity. Please check out Invesco Fundamental's Downside Deviation of 0.2373, risk adjusted performance of 0.0296, and Market Risk Adjusted Performance of 0.0675 to validate if the risk estimate we provide is consistent with the expected return of 0.0173%. The etf retains a Market Volatility (i.e., Beta) of 0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Fundamental's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Fundamental is expected to be smaller as well.
Auto-correlation | 0.61 |
Good predictability
Invesco Fundamental High has good predictability. Overlapping area represents the amount of predictability between Invesco Fundamental time series from 17th of December 2023 to 14th of June 2024 and 14th of June 2024 to 11th 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 Fundamental High price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Invesco Fundamental price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Invesco Fundamental High lagged returns against current returns
Autocorrelation, which is Invesco Fundamental 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 Fundamental's etf expected returns. We can calculate the autocorrelation of Invesco Fundamental returns to help us make a trade decision. For example, suppose you find that Invesco Fundamental 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 Fundamental 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 Fundamental etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Fundamental etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Fundamental etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Fundamental Lagged Returns
When evaluating Invesco Fundamental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Fundamental etf have on its future price. Invesco Fundamental 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 Fundamental autocorrelation shows the relationship between Invesco Fundamental etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Fundamental High.
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 Fundamental High offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Invesco Fundamental'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 Fundamental High Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Invesco Fundamental High Etf:Check out Invesco Fundamental Correlation, Invesco Fundamental Volatility and Invesco Fundamental Alpha and Beta module to complement your research on Invesco Fundamental. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Invesco Fundamental 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.