The etf retains Market Volatility (i.e. Beta) of 1.3599 which attests that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Invesco SP will likely underperform. 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-eight different technical indicators which can help you to evaluate its performance.
Over the last 30 days Invesco SP 500 Garp ETF has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite very unfluctuating forward-looking indicators, Invesco SP is not utilizing all of its potentials. The ongoing stock price disarray, may contribute to short term momentum losses for the insiders.