Invesco Stock Fund Market Value

ICSFX Fund  USD 29.26  0.07  0.24%   
Invesco Comstock's market value is the price at which a share of Invesco Comstock trades on a public exchange. It measures the collective expectations of Invesco Stock Fund investors about its performance. Invesco Comstock is trading at 29.26 as of the 24th of April 2024; that is 0.24 percent increase since the beginning of the trading day. The fund's open price was 29.19.
With this module, you can estimate the performance of a buy and hold strategy of Invesco Stock Fund and determine expected loss or profit from investing in Invesco Comstock over a given investment horizon. Check out Invesco Comstock Correlation, Invesco Comstock Volatility and Invesco Comstock Alpha and Beta module to complement your research on Invesco Comstock.
Symbol

Please note, there is a significant difference between Invesco Comstock's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Comstock is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Comstock'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 Comstock '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 Comstock's mutual fund 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 Comstock.
0.00
03/25/2024
No Change 0.00  0.0 
In 31 days
04/24/2024
0.00
If you would invest  0.00  in Invesco Comstock on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Stock Fund or generate 0.0% return on investment in Invesco Comstock over 30 days. Invesco Comstock is related to or competes with Edgewood Growth, Hartford Schroders, HUMANA, Morningstar Unconstrained, High Yield, Thrivent High, and Via Renewables. The fund invests, under normal circumstances, at least 80 percent of its net assets in common stocks, and in derivatives... More

Invesco Comstock 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 Comstock's mutual fund 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 Stock Fund upside and downside potential and time the market with a certain degree of confidence.

Invesco Comstock Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Comstock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Comstock's standard deviation. In reality, there are many statistical measures that can use Invesco Comstock historical prices to predict the future Invesco Comstock's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Comstock'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.
Hype
Prediction
LowEstimatedHigh
28.6529.2629.87
Details
Intrinsic
Valuation
LowRealHigh
29.0229.6330.24
Details
Naive
Forecast
LowNextHigh
28.5029.1129.72
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
28.8329.1229.42
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Invesco Comstock. Your research has to be compared to or analyzed against Invesco Comstock's peers to derive any actionable benefits. When done correctly, Invesco Comstock's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Invesco Comstock.

Invesco Comstock Backtested Returns

We consider Invesco Comstock very steady. Invesco Comstock holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Invesco Comstock, which you can use to evaluate the volatility of the entity. Please check out Invesco Comstock's Downside Deviation of 0.687, market risk adjusted performance of 0.1347, and Risk Adjusted Performance of 0.124 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The fund retains a Market Volatility (i.e., Beta) of 0.89, which attests to possible diversification benefits within a given portfolio. Invesco Comstock returns are very sensitive to returns on the market. As the market goes up or down, Invesco Comstock is expected to follow.

Auto-correlation

    
  -0.15  

Insignificant reverse predictability

Invesco Stock Fund has insignificant reverse predictability. Overlapping area represents the amount of predictability between Invesco Comstock time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Comstock price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Invesco Comstock price fluctuation can be explain by its past prices.
Correlation Coefficient-0.15
Spearman Rank Test0.04
Residual Average0.0
Price Variance0.12

Invesco Comstock lagged returns against current returns

Autocorrelation, which is Invesco Comstock mutual fund'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 Comstock's mutual fund expected returns. We can calculate the autocorrelation of Invesco Comstock returns to help us make a trade decision. For example, suppose you find that Invesco Comstock has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Comstock 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 Comstock mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Comstock mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Comstock mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Invesco Comstock Lagged Returns

When evaluating Invesco Comstock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Comstock mutual fund have on its future price. Invesco Comstock 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 Comstock autocorrelation shows the relationship between Invesco Comstock mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Stock Fund.
   Regressed Prices   
       Timeline  

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
Check out Invesco Comstock Correlation, Invesco Comstock Volatility and Invesco Comstock Alpha and Beta module to complement your research on Invesco Comstock.
Note that the Invesco Comstock information on this page should be used as a complementary analysis to other Invesco Comstock'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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Invesco Comstock technical mutual fund 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, fund market cycles, or different charting patterns.
A focus of Invesco Comstock technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Invesco Comstock trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...