Invesco Buyback Achievers Etf Market Value
| PKW Etf | USD 120.82 0.38 0.32% |
| Symbol | Invesco |
The market value of Invesco BuyBack Achievers 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 BuyBack's value that differs from its market value or its book value, called intrinsic value, which is Invesco BuyBack'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 BuyBack's market value can be influenced by many factors that don't directly affect Invesco BuyBack'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 BuyBack's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco BuyBack is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco BuyBack'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 BuyBack '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 BuyBack'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 BuyBack.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Invesco BuyBack on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco BuyBack Achievers or generate 0.0% return on investment in Invesco BuyBack over 30 days. Invesco BuyBack is related to or competes with SPDR Portfolio, WBI Power, Global X, HUMANA, Barloworld, Morningstar Unconstrained, and Thrivent High. The fund generally will invest at least 90 percent of its total assets in securities that comprise the underlying index More
Invesco BuyBack 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 BuyBack'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 BuyBack Achievers upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6384 | |||
| Information Ratio | 0.0638 | |||
| Maximum Drawdown | 5.51 | |||
| Value At Risk | (0.76) | |||
| Potential Upside | 1.28 |
Invesco BuyBack Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco BuyBack's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco BuyBack's standard deviation. In reality, there are many statistical measures that can use Invesco BuyBack historical prices to predict the future Invesco BuyBack's volatility.| Risk Adjusted Performance | 0.1609 | |||
| Jensen Alpha | 0.0563 | |||
| Total Risk Alpha | 0.0398 | |||
| Sortino Ratio | 0.0789 | |||
| Treynor Ratio | 0.1739 |
Invesco BuyBack Achievers Backtested Returns
At this stage we consider Invesco Etf to be very steady. Invesco BuyBack Achievers holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco BuyBack Achievers, which you can use to evaluate the volatility of the entity. Please check out Invesco BuyBack's Downside Deviation of 0.6384, risk adjusted performance of 0.1609, and Market Risk Adjusted Performance of 0.1839 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. The etf retains a Market Volatility (i.e., Beta) of 0.95, which attests to possible diversification benefits within a given portfolio. Invesco BuyBack returns are very sensitive to returns on the market. As the market goes up or down, Invesco BuyBack is expected to follow.
Auto-correlation | -0.83 |
Excellent reverse predictability
Invesco BuyBack Achievers has excellent reverse predictability. Overlapping area represents the amount of predictability between Invesco BuyBack time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 BuyBack Achievers price movement. The serial correlation of -0.83 indicates that around 83.0% of current Invesco BuyBack price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 2.87 |
Invesco BuyBack Achievers lagged returns against current returns
Autocorrelation, which is Invesco BuyBack 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 BuyBack's etf expected returns. We can calculate the autocorrelation of Invesco BuyBack returns to help us make a trade decision. For example, suppose you find that Invesco BuyBack 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 BuyBack 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 BuyBack etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco BuyBack etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco BuyBack etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco BuyBack Lagged Returns
When evaluating Invesco BuyBack's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco BuyBack etf have on its future price. Invesco BuyBack 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 BuyBack autocorrelation shows the relationship between Invesco BuyBack etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco BuyBack Achievers.
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 BuyBack Achievers is a strong investment it is important to analyze Invesco BuyBack'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 BuyBack's future performance. For an informed investment choice regarding Invesco Etf, refer to the following important reports:Check out Invesco BuyBack Correlation, Invesco BuyBack Volatility and Invesco BuyBack Alpha and Beta module to complement your research on Invesco BuyBack. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Invesco BuyBack 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.