Invesco New York Etf Market Value
| PZT Etf | USD 23.35 0.04 0.17% |
| Symbol | Invesco |
The market value of Invesco New York 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 New's value that differs from its market value or its book value, called intrinsic value, which is Invesco New'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 New's market value can be influenced by many factors that don't directly affect Invesco New'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 New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco New'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 New '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 New'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 New.
| 12/22/2022 |
| 12/11/2024 |
If you would invest 0.00 in Invesco New on December 22, 2022 and sell it all today you would earn a total of 0.00 from holding Invesco New York or generate 0.0% return on investment in Invesco New over 720 days. Invesco New is related to or competes with IShares California, IShares Intermediate, IShares Agency, and IShares Short. The fund generally will invest at least 80 percent of its total assets in the components of the underlying index More
Invesco New 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 New'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 New York upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3373 | |||
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 1.56 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.3879 |
Invesco New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco New's standard deviation. In reality, there are many statistical measures that can use Invesco New historical prices to predict the future Invesco New's volatility.| Risk Adjusted Performance | 0.0063 | |||
| Jensen Alpha | 0.0062 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.34) | |||
| Treynor Ratio | 0.0242 |
Invesco New York Backtested Returns
Currently, Invesco New York is very steady. Invesco New York holds Efficiency (Sharpe) Ratio of 0.036, which attests that the entity had a 0.036% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco New York, which you can use to evaluate the volatility of the entity. Please check out Invesco New's Market Risk Adjusted Performance of 0.0342, downside deviation of 0.3373, and Risk Adjusted Performance of 0.0063 to validate if the risk estimate we provide is consistent with the expected return of 0.012%. The etf retains a Market Volatility (i.e., Beta) of -0.0683, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Invesco New are expected to decrease at a much lower rate. During the bear market, Invesco New is likely to outperform the market.
Auto-correlation | -0.25 |
Weak reverse predictability
Invesco New York has weak reverse predictability. Overlapping area represents the amount of predictability between Invesco New time series from 22nd of December 2022 to 17th of December 2023 and 17th of December 2023 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 New York price movement. The serial correlation of -0.25 indicates that over 25.0% of current Invesco New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Invesco New York lagged returns against current returns
Autocorrelation, which is Invesco New 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 New's etf expected returns. We can calculate the autocorrelation of Invesco New returns to help us make a trade decision. For example, suppose you find that Invesco New 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 New 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 New etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco New etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco New etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco New Lagged Returns
When evaluating Invesco New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco New etf have on its future price. Invesco New 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 New autocorrelation shows the relationship between Invesco New etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco New York.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Invesco New Correlation, Invesco New Volatility and Invesco New Alpha and Beta module to complement your research on Invesco New. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Invesco New 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.