Invesco Health (UK) Market Value
| XLVS Etf | 702.06 2.21 0.32% |
| Symbol | Invesco |
Invesco Health '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 Health'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 Health.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Invesco Health on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Health Care or generate 0.0% return on investment in Invesco Health over 90 days. Invesco Health is related to or competes with Invesco MSCI, Invesco EURO, Invesco Markets, Invesco FTSE, Invesco FTSE, Invesco MSCI, and Invesco Municipal. Invesco Health is entity of United Kingdom More
Invesco Health 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 Health'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 Health Care upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9934 | |||
| Information Ratio | 0.1305 | |||
| Maximum Drawdown | 4.68 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.13 |
Invesco Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Health's standard deviation. In reality, there are many statistical measures that can use Invesco Health historical prices to predict the future Invesco Health's volatility.| Risk Adjusted Performance | 0.011 | |||
| Jensen Alpha | 0.0228 | |||
| Total Risk Alpha | 0.1066 | |||
| Sortino Ratio | 0.1107 | |||
| Treynor Ratio | 0.0049 |
Invesco Health Care Backtested Returns
Currently, Invesco Health Care is very steady. Invesco Health Care holds Efficiency (Sharpe) Ratio of 0.0587, which attests that the entity had a 0.0587 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco Health Care, which you can use to evaluate the volatility of the entity. Please check out Invesco Health's Market Risk Adjusted Performance of 0.0149, risk adjusted performance of 0.011, and Downside Deviation of 0.9934 to validate if the risk estimate we provide is consistent with the expected return of 0.0489%. The etf retains a Market Volatility (i.e., Beta) of 0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Health is expected to be smaller as well.
Auto-correlation | 0.02 |
Virtually no predictability
Invesco Health Care has virtually no predictability. Overlapping area represents the amount of predictability between Invesco Health time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Health Care price movement. The serial correlation of 0.02 indicates that only 2.0% of current Invesco Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 55.07 |
Invesco Health Care lagged returns against current returns
Autocorrelation, which is Invesco Health 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 Health's etf expected returns. We can calculate the autocorrelation of Invesco Health returns to help us make a trade decision. For example, suppose you find that Invesco Health 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 Health 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 Health etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Health etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Health etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Health Lagged Returns
When evaluating Invesco Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Health etf have on its future price. Invesco Health 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 Health autocorrelation shows the relationship between Invesco Health etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Health Care.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Invesco Etf
Invesco Health financial ratios help investors to determine whether Invesco Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Invesco with respect to the benefits of owning Invesco Health security.