Invesco Ftse Rafi Etf Market Value
| PDN Etf | USD 31.67 0.05 0.16% |
| Symbol | Invesco |
The market value of Invesco FTSE RAFI 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 FTSE's value that differs from its market value or its book value, called intrinsic value, which is Invesco FTSE'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 FTSE's market value can be influenced by many factors that don't directly affect Invesco FTSE'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 FTSE's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco FTSE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco FTSE'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 FTSE '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 FTSE'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 FTSE.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Invesco FTSE on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco FTSE RAFI or generate 0.0% return on investment in Invesco FTSE over 30 days. Invesco FTSE is related to or competes with Dimensional ETF, Dimensional ETF, Dimensional International, Dimensional Targeted, and Dimensional Emerging. The fund generally will invest at least 90 percent of its total assets in the securities that comprise the underlying in... More
Invesco FTSE 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 FTSE'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 FTSE RAFI upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.43 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.05 |
Invesco FTSE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco FTSE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco FTSE's standard deviation. In reality, there are many statistical measures that can use Invesco FTSE historical prices to predict the future Invesco FTSE's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco FTSE'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 FTSE RAFI Backtested Returns
We consider Invesco FTSE very steady. Invesco FTSE RAFI holds Efficiency (Sharpe) Ratio of 0.0477, which attests that the entity had a 0.0477% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Invesco FTSE RAFI, which you can use to evaluate the volatility of the entity. Please check out Invesco FTSE's Standard Deviation of 0.7669, risk adjusted performance of (0), and Market Risk Adjusted Performance of (0.01) to validate if the risk estimate we provide is consistent with the expected return of 0.0339%. The etf retains a Market Volatility (i.e., Beta) of 1.01, which attests to a somewhat significant risk relative to the market. Invesco FTSE returns are very sensitive to returns on the market. As the market goes up or down, Invesco FTSE is expected to follow.
Auto-correlation | 0.02 |
Virtually no predictability
Invesco FTSE RAFI has virtually no predictability. Overlapping area represents the amount of predictability between Invesco FTSE time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th 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 FTSE RAFI price movement. The serial correlation of 0.02 indicates that only 2.0% of current Invesco FTSE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Invesco FTSE RAFI lagged returns against current returns
Autocorrelation, which is Invesco FTSE 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 FTSE's etf expected returns. We can calculate the autocorrelation of Invesco FTSE returns to help us make a trade decision. For example, suppose you find that Invesco FTSE 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 FTSE 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 FTSE etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco FTSE etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco FTSE etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco FTSE Lagged Returns
When evaluating Invesco FTSE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco FTSE etf have on its future price. Invesco FTSE 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 FTSE autocorrelation shows the relationship between Invesco FTSE etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco FTSE RAFI.
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 FTSE 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 FTSE's short interest history, or implied volatility extrapolated from Invesco FTSE options trading.
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Check out Invesco FTSE Correlation, Invesco FTSE Volatility and Invesco FTSE Alpha and Beta module to complement your research on Invesco FTSE. Note that the Invesco FTSE RAFI information on this page should be used as a complementary analysis to other Invesco FTSE'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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Invesco FTSE 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.