Invesco Optimum Yield Etf Market Value
| PDBC Etf | USD 13.95 0.04 0.29% |
| Symbol | Invesco |
The market value of Invesco Optimum Yield 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 Optimum's value that differs from its market value or its book value, called intrinsic value, which is Invesco Optimum'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 Optimum's market value can be influenced by many factors that don't directly affect Invesco Optimum'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 Optimum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Optimum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Optimum'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 Optimum '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 Optimum'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 Optimum.
| 04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in Invesco Optimum on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Optimum Yield or generate 0.0% return on investment in Invesco Optimum over 30 days. Invesco Optimum is related to or competes with IShares GSCI, First Trust, IShares SP, Invesco DB, and Abrdn Bloomberg. The fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing in a co... More
Invesco Optimum 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 Optimum'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 Optimum Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8835 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 2.8 | |||
| Value At Risk | (1.48) | |||
| Potential Upside | 0.9461 |
Invesco Optimum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Optimum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Optimum's standard deviation. In reality, there are many statistical measures that can use Invesco Optimum historical prices to predict the future Invesco Optimum's volatility.| Risk Adjusted Performance | 0.0318 | |||
| Jensen Alpha | 0.02 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.331 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Optimum'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 Optimum Yield Backtested Returns
We consider Invesco Optimum very steady. Invesco Optimum Yield holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Invesco Optimum Yield, which you can use to evaluate the volatility of the entity. Please check out Invesco Optimum's Risk Adjusted Performance of 0.0318, market risk adjusted performance of 0.341, and Downside Deviation of 0.8835 to validate if the risk estimate we provide is consistent with the expected return of 0.0849%. The etf retains a Market Volatility (i.e., Beta) of 0.0698, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Optimum's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Optimum is expected to be smaller as well.
Auto-correlation | 0.67 |
Good predictability
Invesco Optimum Yield has good predictability. Overlapping area represents the amount of predictability between Invesco Optimum time series from 4th of April 2024 to 19th of April 2024 and 19th of April 2024 to 4th 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 Optimum Yield price movement. The serial correlation of 0.67 indicates that around 67.0% of current Invesco Optimum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Invesco Optimum Yield lagged returns against current returns
Autocorrelation, which is Invesco Optimum 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 Optimum's etf expected returns. We can calculate the autocorrelation of Invesco Optimum returns to help us make a trade decision. For example, suppose you find that Invesco Optimum 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 Optimum 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 Optimum etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Optimum etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Optimum etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Optimum Lagged Returns
When evaluating Invesco Optimum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Optimum etf have on its future price. Invesco Optimum 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 Optimum autocorrelation shows the relationship between Invesco Optimum etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Optimum Yield.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Invesco Optimum in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Invesco Optimum's short interest history, or implied volatility extrapolated from Invesco Optimum options trading.
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Check out Invesco Optimum Correlation, Invesco Optimum Volatility and Invesco Optimum Alpha and Beta module to complement your research on Invesco Optimum. Note that the Invesco Optimum Yield information on this page should be used as a complementary analysis to other Invesco Optimum's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Invesco Optimum 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.