Invesco Trust For Fund Market Value
| XVTNX Fund | USD 11.82 0.01 0.08% |
| Symbol | Invesco |
Please note, there is a significant difference between Invesco Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Trust'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 Trust '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 Trust's mutual fund 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 Trust.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Invesco Trust on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Trust For or generate 0.0% return on investment in Invesco Trust over 30 days. Invesco Trust is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. Invesco Trust is entity of United States More
Invesco Trust 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 Trust's mutual fund 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 Trust For upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 2.7 | |||
| Value At Risk | (0.74) | |||
| Potential Upside | 0.4992 |
Invesco Trust Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Trust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Trust's standard deviation. In reality, there are many statistical measures that can use Invesco Trust historical prices to predict the future Invesco Trust's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.3422 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Trust'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 Trust For Backtested Returns
Invesco Trust For holds Efficiency (Sharpe) Ratio of -0.0472, which attests that the entity had a -0.0472% return per unit of risk over the last 3 months. Invesco Trust For exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco Trust's Risk Adjusted Performance of (0.03), standard deviation of 0.4036, and Market Risk Adjusted Performance of 0.3522 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of -0.0827, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Invesco Trust are expected to decrease at a much lower rate. During the bear market, Invesco Trust is likely to outperform the market.
Auto-correlation | 0.85 |
Very good predictability
Invesco Trust For has very good predictability. Overlapping area represents the amount of predictability between Invesco Trust time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Trust For price movement. The serial correlation of 0.85 indicates that around 85.0% of current Invesco Trust price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Invesco Trust For lagged returns against current returns
Autocorrelation, which is Invesco Trust mutual fund'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 Trust's mutual fund expected returns. We can calculate the autocorrelation of Invesco Trust returns to help us make a trade decision. For example, suppose you find that Invesco Trust has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Trust 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 Trust mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Trust mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Trust mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Trust Lagged Returns
When evaluating Invesco Trust's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Trust mutual fund have on its future price. Invesco Trust 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 Trust autocorrelation shows the relationship between Invesco Trust mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Trust For.
Regressed Prices |
| Timeline |
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Invesco Trust technical mutual fund 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, fund market cycles, or different charting patterns.