Invesco International Diversified Fund Market Value
| INDFX Fund | USD 15.75 0.10 0.63% |
| Symbol | Invesco |
Invesco International '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 International'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 International.
| 07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Invesco International on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding Invesco International Diversified or generate 0.0% return on investment in Invesco International over 270 days. Invesco International is related to or competes with Invesco Municipal, Invesco Municipal, Invesco Municipal, Oppenheimer Rising, Invesco High, Oppenheimer Strategic, and Oppenheimer International. The fund is a special type of mutual fund known as a fund of funds because it primarily invests in other mutual funds More
Invesco International 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 International'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 International Diversified upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7022 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.57 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 1.24 |
Invesco International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco International's standard deviation. In reality, there are many statistical measures that can use Invesco International historical prices to predict the future Invesco International's volatility.| Risk Adjusted Performance | 0.0353 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0296 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco International'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 International Backtested Returns
We consider Invesco International very steady. Invesco International holds Efficiency (Sharpe) Ratio of 0.0078, which attests that the entity had a 0.0078% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Invesco International, which you can use to evaluate the volatility of the entity. Please check out Invesco International's Risk Adjusted Performance of 0.0353, market risk adjusted performance of 0.0396, and Downside Deviation of 0.7022 to validate if the risk estimate we provide is consistent with the expected return of 0.0056%. The fund retains a Market Volatility (i.e., Beta) of 1.0, which attests to possible diversification benefits within a given portfolio. Invesco International returns are very sensitive to returns on the market. As the market goes up or down, Invesco International is expected to follow.
Auto-correlation | -0.68 |
Very good reverse predictability
Invesco International Diversified has very good reverse predictability. Overlapping area represents the amount of predictability between Invesco International time series from 28th of July 2023 to 10th of December 2023 and 10th of December 2023 to 23rd 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 International price movement. The serial correlation of -0.68 indicates that around 68.0% of current Invesco International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Invesco International lagged returns against current returns
Autocorrelation, which is Invesco International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Invesco International returns to help us make a trade decision. For example, suppose you find that Invesco International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco International Lagged Returns
When evaluating Invesco International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco International mutual fund have on its future price. Invesco International 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 International autocorrelation shows the relationship between Invesco International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco International Diversified.
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 International 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 International's short interest history, or implied volatility extrapolated from Invesco International options trading.
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 ArchitectCheck out Invesco International Correlation, Invesco International Volatility and Invesco International Alpha and Beta module to complement your research on Invesco International. Note that the Invesco International information on this page should be used as a complementary analysis to other Invesco International'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 Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Invesco International 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.