Invesco Dwa Energy Etf Market Value
| PXI Etf | USD 46.03 0.42 0.90% |
| Symbol | Invesco |
The market value of Invesco DWA Energy 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.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Invesco DWA on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco DWA Energy or generate 0.0% return on investment in Invesco DWA over 30 days. Invesco DWA is related to or competes with Energy Select, VanEck Semiconductor, Materials Select, and SPDR SP. The fund generally will invest at least 90 percent of its total assets in the securities that comprise the underlying in... 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 Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.55 | |||
| Information Ratio | 0.049 | |||
| Maximum Drawdown | 9.95 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 2.17 |
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 | 0.0858 | |||
| Jensen Alpha | 0.0764 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0511 | |||
| Treynor Ratio | 0.164 |
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 Energy Backtested Returns
Invesco DWA is very steady at the moment. Invesco DWA Energy holds Efficiency (Sharpe) Ratio of 0.0877, which attests that the entity had a 0.0877% return per unit of risk over the last 3 months. We have found thirty technical indicators for Invesco DWA Energy, which you can use to evaluate the volatility of the entity. Please check out Invesco DWA's Downside Deviation of 1.55, risk adjusted performance of 0.0858, and Market Risk Adjusted Performance of 0.174 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. The etf retains a Market Volatility (i.e., Beta) of 1.03, which attests to a somewhat significant risk relative to the market. Invesco DWA returns are very sensitive to returns on the market. As the market goes up or down, Invesco DWA is expected to follow.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Invesco DWA Energy has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Invesco DWA time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 DWA Energy price movement. The serial correlation of -0.72 indicates that around 72.0% of current Invesco DWA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 1.59 |
Invesco DWA Energy 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 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 DWA 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 DWA etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco DWA etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco DWA etf over time.
Current vs Lagged Prices |
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Invesco DWA Lagged Returns
When evaluating Invesco DWA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco DWA etf have on its future price. Invesco DWA 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 DWA autocorrelation shows the relationship between Invesco DWA etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco DWA Energy.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Invesco DWA Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Invesco DWA'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 Dwa Energy Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Invesco Dwa Energy Etf:Check out Invesco DWA Correlation, Invesco DWA Volatility and Invesco DWA Alpha and Beta module to complement your research on Invesco DWA. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Invesco DWA 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.