Macroaxis considers Invesco SP to be very steady. Invesco SP 500
holds Efficiency (Sharpe) Ratio of -0.1476 which attests that the entity had -0.1476% of return per unit of risk over the last 2 months. Macroaxis philosophy towards determining risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Invesco SP 500 exposes twenty different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Invesco SP Market Risk Adjusted Performance
of (1.17), Risk Adjusted Performance of 0.1283 and Coefficient Of Variation of 773.35 to validate risk estimate we provide. The etf retains Market Volatility (i.e. Beta) of -0.7227 which attests that as returns on market increase, returns on owning Invesco SP are expected to decrease at a much smaller rate. During bear market, Invesco SP is likely to outperform the market. Even though it is essential to pay attention to Invesco SP 500 current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Invesco SP 500 exposes twenty different technical indicators which can help you to evaluate its performance.
Modest reverse predictability
Invesco SP 500 Value With Mome has modest reverse predictability. Overlapping area represents the amount of predictability between Invesco SP time series from June 19, 2019 to July 19, 2019 and July 19, 2019 to August 18, 2019. 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 SP 500 price movement. The serial correlation of -0.5 indicates that about 50.0% of current Invesco SP price fluctuation can be explain by its past prices. Given that Invesco SP 500 Value With Mome has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Invesco SP for similar time interval.