Invesco China Backtesting

TAO -- USA Etf  

USD 25.73  0.40  1.60%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Invesco China Real Estate ETF and determine expected loss or profit from investing in Invesco China over given investment horizon. Also please take a look at Invesco China Hype Analysis, Invesco China Correlation, Portfolio Optimization, Invesco China Volatility as well as analyze Invesco China Alpha and Beta and Invesco China Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Invesco China 'What if' Analysis

June 22, 2019
0.00
No Change 0.00  0.0%
In 2 months and 2 days
August 21, 2019
0.00
If you would invest  0.00  in Invesco China on June 22, 2019 and sell it all today you would earn a total of 0.00 from holding Invesco China Real Estate ETF or generate 0.0% return on investment in Invesco China over 60 days. Invesco China is related to or competes with iShares Inc, Xtrackers Harvest, KraneShares Trust, SPDR SP, Invesco China, Invesco Golden, and Global X. The investment seeks to track the investment results of the AlphaShares China Real Estate Index

Invesco China Upside/Downside Indicators

Information Ratio(0.11)
Maximum Drawdown6.76
Value At Risk(2.51)
Potential Upside1.87

Invesco China Market Premium Indicators

Risk Adjusted Performance(0.12)
Jensen Alpha(0.16)
Total Risk Alpha(0.13)
Treynor Ratio(0.19)

Invesco China Real Backtested Returns

Macroaxis considers Invesco China to be not too volatile. Invesco China Real holds Efficiency (Sharpe) Ratio of -0.1527 which attests that the entity had -0.1527% 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 China Real exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Invesco China Market Risk Adjusted Performance of (0.18) and Risk Adjusted Performance of (0.12) to validate risk estimate we provide. The etf retains Market Volatility (i.e. Beta) of 1.1769 which attests that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Invesco China will likely underperform. Even though it is essential to pay attention to Invesco China Real 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 China Real exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.14 
correlation synergy

Insignificant predictability

Invesco China Real Estate ETF has insignificant predictability. Overlapping area represents the amount of predictability between Invesco China time series from June 22, 2019 to July 22, 2019 and July 22, 2019 to August 21, 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 China Real price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Invesco China price fluctuation can be explain by its past prices.
Correlation Coefficient0.14
Spearman Rank Test-0.02
Residual Average0.0
Price Variance2.62

Invesco China Real lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Invesco China regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Invesco China Lagged Returns

 Regressed Prices 
      Timeline 

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Also please take a look at Invesco China Hype Analysis, Invesco China Correlation, Portfolio Optimization, Invesco China Volatility as well as analyze Invesco China Alpha and Beta and Invesco China Performance. Please also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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