Macroaxis considers Invesco Trust to be not too risky. Invesco Trust for
holds Efficiency (Sharpe) Ratio of -0.7724 which attests that Invesco Trust for
had -0.7724% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Invesco Trust for 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 Trust Market Risk Adjusted Performance
of 2.7 and Risk Adjusted Performance
of 0.36 to validate risk estimate we provide. The fund retains Market Volatility (i.e. Beta) of -0.034 which attests that as returns on market increase, returns on owning Invesco Trust are expected to decrease at a much smaller rate. During bear market, Invesco Trust is likely to outperform the market.. Even though it is essential to pay attention to Invesco Trust for current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Invesco Trust for exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.83 |
Very good predictability
Invesco Trust for Investment Gr has very good predictability. Overlapping area represents the amount of predictability between Invesco Trust time series from August 24, 2018 to September 8, 2018 and September 8, 2018 to September 23, 2018. 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 Trust for price movement. The serial correlation of 0.83 indicates that around 83.0% of current Invesco Trust price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.81|