Invesco Total Return Etf Market Value
GTO Etf | USD 46.25 0.05 0.11% |
Symbol | Invesco |
The market value of Invesco Total Return 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 Total's value that differs from its market value or its book value, called intrinsic value, which is Invesco Total'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 Total's market value can be influenced by many factors that don't directly affect Invesco Total'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 Total's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Total is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Total'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 Total '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 Total'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 Total.
04/21/2024 |
| 05/21/2024 |
If you would invest 0.00 in Invesco Total on April 21, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Total Return or generate 0.0% return on investment in Invesco Total over 30 days. Invesco Total is related to or competes with New Pacific, Precision Optics, Terns Pharmaceuticals, and Harmonic. The fund will normally invest in a portfolio of fixed income instruments of varying maturities and of any credit quality More
Invesco Total 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 Total'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 Total Return upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.3488 | |||
Information Ratio | (0.19) | |||
Maximum Drawdown | 1.56 | |||
Value At Risk | (0.52) | |||
Potential Upside | 0.4326 |
Invesco Total Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Total's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Total's standard deviation. In reality, there are many statistical measures that can use Invesco Total historical prices to predict the future Invesco Total's volatility.Risk Adjusted Performance | 0.027 | |||
Jensen Alpha | 0.0024 | |||
Total Risk Alpha | (0.03) | |||
Sortino Ratio | (0.17) | |||
Treynor Ratio | 0.0915 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Total'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 Total Return Backtested Returns
We consider Invesco Total very steady. Invesco Total Return holds Efficiency (Sharpe) Ratio of 0.0624, which attests that the entity had a 0.0624% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco Total Return, which you can use to evaluate the volatility of the entity. Please check out Invesco Total's Market Risk Adjusted Performance of 0.1015, risk adjusted performance of 0.027, and Downside Deviation of 0.3488 to validate if the risk estimate we provide is consistent with the expected return of 0.0195%. The etf retains a Market Volatility (i.e., Beta) of 0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Total's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Total is expected to be smaller as well.
Auto-correlation | 0.55 |
Modest predictability
Invesco Total Return has modest predictability. Overlapping area represents the amount of predictability between Invesco Total time series from 21st of April 2024 to 6th of May 2024 and 6th of May 2024 to 21st of May 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 Total Return price movement. The serial correlation of 0.55 indicates that about 55.0% of current Invesco Total price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.55 | |
Spearman Rank Test | 0.29 | |
Residual Average | 0.0 | |
Price Variance | 0.02 |
Invesco Total Return lagged returns against current returns
Autocorrelation, which is Invesco Total 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 Total's etf expected returns. We can calculate the autocorrelation of Invesco Total returns to help us make a trade decision. For example, suppose you find that Invesco Total 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 Total 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 Total etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Total etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Total etf over time.
Current vs Lagged Prices |
Timeline |
Invesco Total Lagged Returns
When evaluating Invesco Total's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Total etf have on its future price. Invesco Total 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 Total autocorrelation shows the relationship between Invesco Total etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Total Return.
Regressed Prices |
Timeline |
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Invesco Total 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.