Invesco Dwa Consumer Etf Market Value

PSL Etf  USD 97.66  0.12  0.12%   
Invesco DWA's market value is the price at which a share of Invesco DWA trades on a public exchange. It measures the collective expectations of Invesco DWA Consumer investors about its performance. Invesco DWA is selling for 97.66 as of the 29th of March 2024. This is a 0.12 percent increase since the beginning of the trading day. The etf's lowest day price was 97.66.
With this module, you can estimate the performance of a buy and hold strategy of Invesco DWA Consumer and determine expected loss or profit from investing in Invesco DWA over a given investment horizon. Check out Invesco DWA Correlation, Invesco DWA Volatility and Invesco DWA Alpha and Beta module to complement your research on Invesco DWA.
Symbol

The market value of Invesco DWA Consumer 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 DWA's value that differs from its market value or its book value, called intrinsic value, which is Invesco DWA'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 DWA's market value can be influenced by many factors that don't directly affect Invesco DWA'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 DWA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco DWA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco DWA'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 DWA '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 DWA'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 DWA.
0.00
02/28/2024
No Change 0.00  0.0 
In 31 days
03/29/2024
0.00
If you would invest  0.00  in Invesco DWA on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco DWA Consumer or generate 0.0% return on investment in Invesco DWA over 30 days. Invesco DWA is related to or competes with First Trust, Fidelity MSCI, First Trust, IShares US, IShares Global, Invesco Dynamic, and ProShares UltraShort. The fund generally will invest at least 90 percent of its total assets in securities that comprise the underlying index More

Invesco DWA 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 DWA'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 DWA Consumer upside and downside potential and time the market with a certain degree of confidence.

Invesco DWA Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco DWA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco DWA's standard deviation. In reality, there are many statistical measures that can use Invesco DWA historical prices to predict the future Invesco DWA'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 DWA'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
96.9397.6598.37
Details
Intrinsic
Valuation
LowRealHigh
95.9996.71107.43
Details
Naive
Forecast
LowNextHigh
97.1097.8298.54
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
95.7197.0798.44
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Invesco DWA. Your research has to be compared to or analyzed against Invesco DWA's peers to derive any actionable benefits. When done correctly, Invesco DWA'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 DWA Consumer.

Invesco DWA Consumer Backtested Returns

We consider Invesco DWA very steady. Invesco DWA Consumer holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Invesco DWA Consumer, which you can use to evaluate the volatility of the entity. Please check out Invesco DWA's Risk Adjusted Performance of 0.0947, market risk adjusted performance of 0.1311, and Downside Deviation of 0.8456 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. The etf retains a Market Volatility (i.e., Beta) of 0.89, which attests to possible diversification benefits within a given portfolio. Invesco DWA returns are very sensitive to returns on the market. As the market goes up or down, Invesco DWA is expected to follow.

Auto-correlation

    
  -0.05  

Very weak reverse predictability

Invesco DWA Consumer has very weak reverse predictability. Overlapping area represents the amount of predictability between Invesco DWA time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 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 DWA Consumer price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Invesco DWA price fluctuation can be explain by its past prices.
Correlation Coefficient-0.05
Spearman Rank Test0.2
Residual Average0.0
Price Variance0.57

Invesco DWA Consumer lagged returns against current returns

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

Invesco DWA Lagged Returns

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

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Invesco DWA Consumer using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
When determining whether Invesco DWA Consumer is a strong investment it is important to analyze Invesco DWA's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Invesco DWA's future performance. For an informed investment choice regarding Invesco Etf, refer to the following important reports:
Check out Invesco DWA Correlation, Invesco DWA Volatility and Invesco DWA Alpha and Beta module to complement your research on Invesco DWA.
You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for Invesco Etf analysis

When running Invesco DWA's price analysis, check to measure Invesco DWA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Invesco DWA is operating at the current time. Most of Invesco DWA's value examination focuses on studying past and present price action to predict the probability of Invesco DWA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Invesco DWA's price. Additionally, you may evaluate how the addition of Invesco DWA to your portfolios can decrease your overall portfolio volatility.
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Invesco DWA 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.
A focus of Invesco DWA technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Invesco DWA 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...