Invesco Nasdaq 100 Etf Technical Analysis
| QQC Etf | CAD 28.39 0.37 1.32% |
As of the 24th of April, Invesco NASDAQ retains the Risk Adjusted Performance of 0.0326, market risk adjusted performance of 0.0601, and Downside Deviation of 0.9429. Concerning fundamental indicators, the technical analysis model lets you check existing technical drivers of Invesco NASDAQ 100, as well as the relationship between them. Simply put, you can use this information to find out if the entity will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to break down nineteen technical drivers for Invesco NASDAQ 100, which can be compared to its competitors. Please check out Invesco NASDAQ 100 jensen alpha, potential upside, as well as the relationship between the Potential Upside and skewness to decide if Invesco NASDAQ is priced fairly, providing market reflects its last-minute price of 28.39 per share.
Invesco NASDAQ Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Invesco, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to InvescoInvesco |
Invesco NASDAQ 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.
Invesco NASDAQ 100 Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Invesco NASDAQ 100 volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Invesco NASDAQ 100 Trend Analysis
Use this graph to draw trend lines for Invesco NASDAQ 100. You can use it to identify possible trend reversals for Invesco NASDAQ as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Invesco NASDAQ price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Invesco NASDAQ Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Invesco NASDAQ 100 applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Invesco NASDAQ 100 will continue generating value for investors. It has 122 observation points and a regression sum of squares at 7.93, which is the sum of squared deviations for the predicted Invesco NASDAQ price change compared to its average price change.About Invesco NASDAQ Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Invesco NASDAQ 100 on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Invesco NASDAQ 100 based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Invesco NASDAQ 100 price pattern first instead of the macroeconomic environment surrounding Invesco NASDAQ 100. By analyzing Invesco NASDAQ's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Invesco NASDAQ's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Invesco NASDAQ specific price patterns or momentum indicators. Please read more on our technical analysis page.
Invesco NASDAQ April 24, 2024 Technical Indicators
Most technical analysis of Invesco help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Invesco from various momentum indicators to cycle indicators. When you analyze Invesco charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.0326 | |||
| Market Risk Adjusted Performance | 0.0601 | |||
| Mean Deviation | 0.7949 | |||
| Semi Deviation | 0.9027 | |||
| Downside Deviation | 0.9429 | |||
| Coefficient Of Variation | 2155.75 | |||
| Standard Deviation | 0.9905 | |||
| Variance | 0.9811 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0501 | |||
| Maximum Drawdown | 5.06 | |||
| Value At Risk | (1.62) | |||
| Potential Upside | 1.56 | |||
| Downside Variance | 0.8891 | |||
| Semi Variance | 0.8148 | |||
| Expected Short fall | (0.87) | |||
| Skewness | 0.1649 | |||
| Kurtosis | 0.0432 |
Invesco NASDAQ 100 One Year Return
Based on the recorded statements, Invesco NASDAQ 100 has an One Year Return of 36.2%. This is much higher than that of the PowerShares Canada family and significantly higher than that of the US Equity category. The one year return for all Canada etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Invesco NASDAQ 100. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Invesco NASDAQ 100 information on this page should be used as a complementary analysis to other Invesco NASDAQ'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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.