Invesco Dwa Utilities Etf Market Value
| PUI Etf | USD 38.69 0.04 0.10% |
| Symbol | Invesco |
The market value of Invesco DWA Utilities 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 DWA's value that differs from its market value or its book value, called intrinsic value, which is Invesco DWA'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 DWA's market value can be influenced by many factors that don't directly affect Invesco DWA'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 DWA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco DWA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco DWA'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 DWA '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 DWA'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 DWA.
| 12/03/2024 |
| 01/02/2025 |
If you would invest 0.00 in Invesco DWA on December 3, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco DWA Utilities or generate 0.0% return on investment in Invesco DWA over 30 days. Invesco DWA is related to or competes with Invesco SP, Invesco SP, Invesco SP, 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 DWA 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 DWA'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 DWA Utilities upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.71 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 1.66 |
Invesco DWA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco DWA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco DWA's standard deviation. In reality, there are many statistical measures that can use Invesco DWA historical prices to predict the future Invesco DWA's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco DWA'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 DWA Utilities Backtested Returns
Invesco DWA Utilities holds Efficiency (Sharpe) Ratio of -0.0623, which attests that the entity had a -0.0623% return per unit of risk over the last 3 months. Invesco DWA Utilities exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco DWA's Risk Adjusted Performance of (0.04), standard deviation of 0.9581, and Market Risk Adjusted Performance of (0.18) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.3, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco DWA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco DWA is expected to be smaller as well.
Auto-correlation | -0.44 |
Modest reverse predictability
Invesco DWA Utilities has modest reverse predictability. Overlapping area represents the amount of predictability between Invesco DWA time series from 3rd of December 2024 to 18th of December 2024 and 18th of December 2024 to 2nd of January 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 DWA Utilities price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Invesco DWA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Invesco DWA Utilities lagged returns against current returns
Autocorrelation, which is Invesco DWA 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 DWA's etf expected returns. We can calculate the autocorrelation of Invesco DWA returns to help us make a trade decision. For example, suppose you find that Invesco DWA has exhibited high autocorrelati