Invesco Vrdo Tax Free Etf Market Value
| PVI Etf | USD 24.81 0.01 0.04% |
| Symbol | Invesco |
The market value of Invesco VRDO Tax 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 VRDO's value that differs from its market value or its book value, called intrinsic value, which is Invesco VRDO'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 VRDO's market value can be influenced by many factors that don't directly affect Invesco VRDO'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 VRDO's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco VRDO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco VRDO'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 VRDO '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 VRDO'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 VRDO.
| 04/27/2022 |
| 04/16/2024 |
If you would invest 0.00 in Invesco VRDO on April 27, 2022 and sell it all today you would earn a total of 0.00 from holding Invesco VRDO Tax Free or generate 0.0% return on investment in Invesco VRDO over 720 days. Invesco VRDO is related to or competes with IShares Agency, HUMANA, Morningstar Unconstrained, Thrivent High, High-yield Municipal, Via Renewables, and T Rowe. The fund generally invests at least 80 percent of its total assets in the components of the underlying index More
Invesco VRDO 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 VRDO'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 VRDO Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1257 | |||
| Information Ratio | (0.51) | |||
| Maximum Drawdown | 0.5263 | |||
| Value At Risk | (0.16) | |||
| Potential Upside | 0.2019 |
Invesco VRDO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco VRDO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco VRDO's standard deviation. In reality, there are many statistical measures that can use Invesco VRDO historical prices to predict the future Invesco VRDO's volatility.| Risk Adjusted Performance | 0.0129 | |||
| Jensen Alpha | 0.0014 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.42) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco VRDO'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 VRDO Tax Backtested Returns
We consider Invesco VRDO very steady. Invesco VRDO Tax holds Efficiency (Sharpe) Ratio of 0.0873, which attests that the entity had a 0.0873% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Invesco VRDO Tax, which you can use to evaluate the volatility of the entity. Please check out Invesco VRDO's Market Risk Adjusted Performance of (0.02), coefficient of variation of 977.85, and Risk Adjusted Performance of 0.0129 to validate if the risk estimate we provide is consistent with the expected return of 0.0092%. The etf retains a Market Volatility (i.e., Beta) of -0.0169, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Invesco VRDO are expected to decrease at a much lower rate. During the bear market, Invesco VRDO is likely to outperform the market.
Auto-correlation | 0.96 |
Excellent predictability
Invesco VRDO Tax Free has excellent predictability. Overlapping area represents the amount of predictability between Invesco VRDO time series from 27th of April 2022 to 22nd of April 2023 and 22nd of April 2023 to 16th 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 VRDO Tax price movement. The serial correlation of 0.96 indicates that 96.0% of current Invesco VRDO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.96 | |
| Spearman Rank Test | 0.99 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Invesco VRDO Tax lagged returns against current returns
Autocorrelation, which is Invesco VRDO 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 VRDO's etf expected returns. We can calculate the autocorrelation of Invesco VRDO returns to help us make a trade decision. For example, suppose you find that Invesco VRDO 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 VRDO 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 VRDO etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco VRDO etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco VRDO etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco VRDO Lagged Returns
When evaluating Invesco VRDO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco VRDO etf have on its future price. Invesco VRDO 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 VRDO autocorrelation shows the relationship between Invesco VRDO etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco VRDO Tax Free.
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 VRDO 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 VRDO's short interest history, or implied volatility extrapolated from Invesco VRDO options trading.
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Check out Invesco VRDO Correlation, Invesco VRDO Volatility and Invesco VRDO Alpha and Beta module to complement your research on Invesco VRDO. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Invesco VRDO 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.