Invesco Galaxy Ethereum Etf Market Value
| QETH Etf | 19.34 0.87 4.71% |
| Symbol | Invesco |
The market value of Invesco Galaxy Ethereum 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 Galaxy's value that differs from its market value or its book value, called intrinsic value, which is Invesco Galaxy'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 Galaxy's market value can be influenced by many factors that don't directly affect Invesco Galaxy'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 Galaxy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Galaxy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Galaxy'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 Galaxy '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 Galaxy'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 Galaxy.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Invesco Galaxy on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Galaxy Ethereum or generate 0.0% return on investment in Invesco Galaxy over 90 days. Invesco Galaxy is related to or competes with Grayscale Bitcoin, ProShares Bitcoin, Amplify Transformational, Siren Nasdaq, First Trust, Bitwise Crypto, and Simplify Equity. Invesco Galaxy is entity of United States More
Invesco Galaxy 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 Galaxy'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 Galaxy Ethereum upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 25.12 | |||
| Value At Risk | (8.56) | |||
| Potential Upside | 5.19 |
Invesco Galaxy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Galaxy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Galaxy's standard deviation. In reality, there are many statistical measures that can use Invesco Galaxy historical prices to predict the future Invesco Galaxy's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.88) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (1.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Galaxy'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 Galaxy Ethereum Backtested Returns
Invesco Galaxy Ethereum holds Efficiency (Sharpe) Ratio of -0.24, which attests that the entity had a -0.24 % return per unit of risk over the last 3 months. Invesco Galaxy Ethereum exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco Galaxy's Market Risk Adjusted Performance of (1.23), risk adjusted performance of (0.17), and Standard Deviation of 4.63 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.8, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco Galaxy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Galaxy is expected to be smaller as well.
Auto-correlation | 0.61 |
Good predictability
Invesco Galaxy Ethereum has good predictability. Overlapping area represents the amount of predictability between Invesco Galaxy time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th of March 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 Galaxy Ethereum price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Invesco Galaxy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 10.24 |
Invesco Galaxy Ethereum lagged returns against current returns
Autocorrelation, which is Invesco Galaxy 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 Galaxy's etf expected returns. We can calculate the autocorrelation of Invesco Galaxy returns to help us make a trade decision. For example, suppose you find that Invesco Galaxy 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 Galaxy 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 Galaxy etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Galaxy etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Galaxy etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Galaxy Lagged Returns
When evaluating Invesco Galaxy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Galaxy etf have on its future price. Invesco Galaxy 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 Galaxy autocorrelation shows the relationship between Invesco Galaxy etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Galaxy Ethereum.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Invesco Galaxy Ethereum offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Invesco Galaxy'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 Galaxy Ethereum Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Invesco Galaxy Ethereum Etf:Check out Invesco Galaxy Correlation, Invesco Galaxy Volatility and Invesco Galaxy Alpha and Beta module to complement your research on Invesco Galaxy. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Invesco Galaxy 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.