Invesco Raymond James Market Value
RYJDelisted Etf | USD 65.36 0.77 1.16% |
Symbol | Invesco |
Invesco Raymond '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 Raymond'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 Raymond.
09/30/2023 |
| 03/28/2024 |
If you would invest 0.00 in Invesco Raymond on September 30, 2023 and sell it all today you would earn a total of 0.00 from holding Invesco Raymond James or generate 0.0% return on investment in Invesco Raymond over 180 days. The fund generally will invest at least 90 percent of its total assets in securities that comprise the underlying index More
Invesco Raymond 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 Raymond'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 Raymond James upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.16 | |||
Information Ratio | (0) | |||
Maximum Drawdown | 6.02 | |||
Value At Risk | (2.00) | |||
Potential Upside | 1.77 |
Invesco Raymond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Raymond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Raymond's standard deviation. In reality, there are many statistical measures that can use Invesco Raymond historical prices to predict the future Invesco Raymond's volatility.Risk Adjusted Performance | 0.0708 | |||
Jensen Alpha | 0.1297 | |||
Total Risk Alpha | (0.13) | |||
Sortino Ratio | (0) | |||
Treynor Ratio | (1.78) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Raymond'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 Raymond James Backtested Returns
We consider Invesco Raymond very steady. Invesco Raymond James holds Efficiency (Sharpe) Ratio of 0.0944, which attests that the entity had a 0.0944% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco Raymond James, which you can use to evaluate the volatility of the entity. Please check out Invesco Raymond's Downside Deviation of 1.16, risk adjusted performance of 0.0708, and Market Risk Adjusted Performance of (1.77) 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 -0.0682, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Invesco Raymond are expected to decrease at a much lower rate. During the bear market, Invesco Raymond is likely to outperform the market.
Auto-correlation | 0.80 |
Very good predictability
Invesco Raymond James has very good predictability. Overlapping area represents the amount of predictability between Invesco Raymond time series from 30th of September 2023 to 29th of December 2023 and 29th of December 2023 to 28th 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 Raymond James price movement. The serial correlation of 0.8 indicates that around 80.0% of current Invesco Raymond price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.8 | |
Spearman Rank Test | 0.84 | |
Residual Average | 0.0 | |
Price Variance | 3.61 |
Invesco Raymond James lagged returns against current returns
Autocorrelation, which is Invesco Raymond 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 Raymond's etf expected returns. We can calculate the autocorrelation of Invesco Raymond returns to help us make a trade decision. For example, suppose you find that Invesco Raymond 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 Raymond 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 Raymond etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Raymond etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Raymond etf over time.
Current vs Lagged Prices |
Timeline |
Invesco Raymond Lagged Returns
When evaluating Invesco Raymond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Raymond etf have on its future price. Invesco Raymond 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 Raymond autocorrelation shows the relationship between Invesco Raymond etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Raymond James.
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 Raymond 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 Raymond's short interest history, or implied volatility extrapolated from Invesco Raymond options trading.
Currently Active Assets on Macroaxis
Check out Invesco Raymond Correlation, Invesco Raymond Volatility and Invesco Raymond Alpha and Beta module to complement your research on Invesco Raymond. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Other Consideration for investing in Invesco Etf
If you are still planning to invest in Invesco Raymond James check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Invesco Raymond's history and understand the potential risks before investing.
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