Invesco JPX's market value is the price at which a share of Invesco JPX trades on a public exchange. It measures the collective expectations of Invesco JPX Nikkei 400 investors about its performance. Invesco JPX is trading at 183.94 as of the 27th of December 2024, a 0.41 percent decrease since the beginning of the trading day. The etf's lowest day price was 183.82. With this module, you can estimate the performance of a buy and hold strategy of Invesco JPX Nikkei 400 and determine expected loss or profit from investing in Invesco JPX over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Invesco
Invesco JPX '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 JPX'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 JPX.
0.00
09/04/2023
No Change 0.00
0.0
In 1 year 3 months and 26 days
12/27/2024
0.00
If you would invest 0.00 in Invesco JPX on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding Invesco JPX Nikkei 400 or generate 0.0% return on investment in Invesco JPX over 480 days.
Invesco JPX 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 JPX'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 JPX Nikkei 400 upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco JPX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco JPX's standard deviation. In reality, there are many statistical measures that can use Invesco JPX historical prices to predict the future Invesco JPX's volatility.
Invesco JPX Nikkei holds Efficiency (Sharpe) Ratio of -0.0091, which attests that the entity had a -0.0091% return per unit of risk over the last 3 months. Invesco JPX Nikkei exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco JPX's Market Risk Adjusted Performance of (0.08), insignificant risk adjusted performance, and Standard Deviation of 0.8519 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco JPX's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco JPX is expected to be smaller as well.
Auto-correlation
0.44
Average predictability
Invesco JPX Nikkei 400 has average predictability. Overlapping area represents the amount of predictability between Invesco JPX time series from 4th of September 2023 to 1st of May 2024 and 1st of May 2024 to 27th 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 JPX Nikkei price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Invesco JPX price fluctuation can be explain by its past prices.
Correlation Coefficient
0.44
Spearman Rank Test
0.46
Residual Average
0.0
Price Variance
21.03
Invesco JPX Nikkei lagged returns against current returns
Autocorrelation, which is Invesco JPX 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 JPX's etf expected returns. We can calculate the autocorrelation of Invesco JPX returns to help us make a trade decision. For example, suppose you find that Invesco JPX 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 JPX 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 JPX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco JPX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco JPX etf over time.
Current vs Lagged Prices
Timeline
Invesco JPX Lagged Returns
When evaluating Invesco JPX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco JPX etf have on its future price. Invesco JPX 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 JPX autocorrelation shows the relationship between Invesco JPX etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco JPX Nikkei 400.
Regressed Prices
Timeline
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