Invesco California Amt Free Etf Market Value
| PWZ Etf | USD 25.10 0.04 0.16% |
| Symbol | Invesco |
The market value of Invesco California AMT 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 California's value that differs from its market value or its book value, called intrinsic value, which is Invesco California'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 California's market value can be influenced by many factors that don't directly affect Invesco California'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 California's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco California is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco California'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 California '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 California'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 California.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Invesco California on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco California AMT Free or generate 0.0% return on investment in Invesco California over 180 days. Invesco California is related to or competes with Invesco New, IShares California, Invesco VRDO, and Invesco National. The fund generally will invest at least 80 percent of its total assets in the components of the index More
Invesco California 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 California'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 California AMT Free upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4535 | |||
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 2.22 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.812 |
Invesco California Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco California's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco California's standard deviation. In reality, there are many statistical measures that can use Invesco California historical prices to predict the future Invesco California's volatility.| Risk Adjusted Performance | 0.0302 | |||
| Jensen Alpha | 0.025 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.23) | |||
| Treynor Ratio | (0.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco California'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 California AMT Backtested Returns
At this stage we consider Invesco Etf to be very steady. Invesco California AMT holds Efficiency (Sharpe) Ratio of 0.0485, which attests that the entity had a 0.0485% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco California AMT, which you can use to evaluate the volatility of the entity. Please check out Invesco California's Market Risk Adjusted Performance of (0.09), risk adjusted performance of 0.0302, and Downside Deviation of 0.4535 to validate if the risk estimate we provide is consistent with the expected return of 0.0214%. The etf retains a Market Volatility (i.e., Beta) of -0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Invesco California are expected to decrease at a much lower rate. During the bear market, Invesco California is likely to outperform the market.
Auto-correlation | -0.25 |
Weak reverse predictability
Invesco California AMT Free has weak reverse predictability. Overlapping area represents the amount of predictability between Invesco California time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th of November 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 California AMT price movement. The serial correlation of -0.25 indicates that over 25.0% of current Invesco California price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Invesco California AMT lagged returns against current returns
Autocorrelation, which is Invesco California 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 California's etf expected returns. We can calculate the autocorrelation of Invesco California returns to help us make a trade decision. For example, suppose you find that Invesco California 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 California 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 California etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco California etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco California etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco California Lagged Returns
When evaluating Invesco California's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco California etf have on its future price. Invesco California 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 California autocorrelation shows the relationship between Invesco California etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco California AMT Free.
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.When determining whether Invesco California AMT offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Invesco California'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 California Amt Free Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Invesco California Amt Free Etf:Check out Invesco California Correlation, Invesco California Volatility and Invesco California Alpha and Beta module to complement your research on Invesco California. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Invesco California 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.