We consider Invesco High not too volatile. Invesco High Yield holds Efficiency (Sharpe) Ratio of 0.03 which attests that the entity had 0.03% of return per unit of risk over the last 3 months. Our philosophy towards determining volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Invesco High Yield which you can use to evaluate future volatility of the entity. Please check out Invesco High Downside Deviation of 0.397, Risk Adjusted Performance of 0.0018 and Market Risk Adjusted Performance of
(0.007617) to validate if risk estimate we provide are consistent with the epected return of 0.008%.
90 Days Market Risk
Not too volatile
Chance of Distress in 24 months
90 Days Economic Sensitivity
Barely shadows market
|Horizon||30 Days Login to change|
Invesco High Market Sensitivity
|As returns on market increase, Invesco High returns are expected to increase less than the market. However during bear market, the loss on holding Invesco High will be expected to be smaller as well. 3 Months Beta |Analyze Invesco High Yield Demand TrendCheck current 30 days Invesco High correlation with market (DOW)|
β = 0.1246
Invesco High Central Daily Price Deviation
Invesco High Yield Technical Analysis
Invesco High Projected Return Density Against MarketAssuming 30 trading days horizon, Invesco High has beta of 0.1246 . This suggests as returns on market go up, Invesco High average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Invesco High Yield Fund Class A will be expected to be much smaller as well. Moreover, The company has an alpha of 0.0016 implying that it can potentially generate 0.0016% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Invesco High is 3337.83. The daily returns are destributed with a variance of 0.07 and standard deviation of 0.27. The mean deviation of Invesco High Yield Fund Class A is currently at 0.19. For similar time horizon, the selected benchmark (DOW) has volatility of 0.98
|Alpha over DOW||=||0.0016|
|Beta against DOW||=||0.12|
Invesco High Return Volatilitythe fund shows 0.2658% volatility of returns over 30 trading days. the entity inherits 0.9768% risk (volatility on return distribution) over the 30 days horizon.
Invesco High Investment Opportunity
DOW has a standard deviation of returns of 0.98 and is 3.63 times more volatile than Invesco High Yield Fund Class A. 2 of all equities and portfolios are less risky than Invesco High. Compared to the overall equity markets, volatility of historical daily returns of Invesco High Yield Fund Class A is lower than 2 () of all global equities and portfolios over the last 30 days. Use Invesco High Yield Fund Class A to enhance returns of your portfolios. The fund experiences normal upward fluctuation. Check odds of Invesco High to be traded at $4.25 in 30 days. . As returns on market increase, Invesco High returns are expected to increase less than the market. However during bear market, the loss on holding Invesco High will be expected to be smaller as well.
Invesco High correlation with market
Invesco High Current Risk Indicators
|Risk Adjusted Performance||0.0018|
|Market Risk Adjusted Performance||(0.007617)|
|Coefficient Of Variation||3369.25|
Invesco High Suggested Diversification Pairs