Invesco Growth Allocation Fund Market Value
| AADRX Fund | USD 14.62 0.14 0.97% |
| Symbol | Invesco |
Invesco Growth '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 Growth'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 Growth.
| 05/05/2022 |
| 04/24/2024 |
If you would invest 0.00 in Invesco Growth on May 5, 2022 and sell it all today you would earn a total of 0.00 from holding Invesco Growth Allocation or generate 0.0% return on investment in Invesco Growth over 720 days. Invesco Growth is related to or competes with Invesco Municipal, Invesco Municipal, Invesco Municipal, Oppenheimer Rising, Invesco High, Oppenheimer Strategic, and Oppenheimer International. The fund is a fund of funds, and invests its assets in other underlying mutual funds advised by the adviser and ETFs and... More
Invesco Growth 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 Growth'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 Growth Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6185 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 2.58 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 0.9831 |
Invesco Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Growth's standard deviation. In reality, there are many statistical measures that can use Invesco Growth historical prices to predict the future Invesco Growth's volatility.| Risk Adjusted Performance | 0.0551 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.047 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Growth'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 Growth Allocation Backtested Returns
We consider Invesco Growth very steady. Invesco Growth Allocation holds Efficiency (Sharpe) Ratio of 0.0772, which attests that the entity had a 0.0772% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Invesco Growth Allocation, which you can use to evaluate the volatility of the entity. Please check out Invesco Growth's Downside Deviation of 0.6185, risk adjusted performance of 0.0551, and Market Risk Adjusted Performance of 0.057 to validate if the risk estimate we provide is consistent with the expected return of 0.0453%. The fund retains a Market Volatility (i.e., Beta) of 0.88, which attests to possible diversification benefits within a given portfolio. Invesco Growth returns are very sensitive to returns on the market. As the market goes up or down, Invesco Growth is expected to follow.
Auto-correlation | 0.60 |
Good predictability
Invesco Growth Allocation has good predictability. Overlapping area represents the amount of predictability between Invesco Growth time series from 5th of May 2022 to 30th of April 2023 and 30th of April 2023 to 24th 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 Growth Allocation price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Invesco Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
Invesco Growth Allocation lagged returns against current returns
Autocorrelation, which is Invesco Growth 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 Growth's mutual fund expected returns. We can calculate the autocorrelation of Invesco Growth returns to help us make a trade decision. For example, suppose you find that Invesco Growth 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 Growth 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 Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Growth 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 Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Growth Lagged Returns
When evaluating Invesco Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Growth mutual fund have on its future price. Invesco Growth 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 Growth autocorrelation shows the relationship between Invesco Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Growth Allocation.
Regressed Prices |
| Timeline |
Pair Trading with Invesco Growth
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Invesco Growth position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Invesco Growth will appreciate offsetting losses from the drop in the long position's value.Moving together with Invesco Mutual Fund
| 0.62 | VMINX | Invesco Municipal | PairCorr |
| 0.61 | VMIIX | Invesco Municipal | PairCorr |
| 0.98 | OARDX | Oppenheimer Rising | PairCorr |
| 0.93 | AMHYX | Invesco High Yield | PairCorr |
The ability to find closely correlated positions to Invesco Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Invesco Growth when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Invesco Growth - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Invesco Growth Allocation to buy it.
The correlation of Invesco Growth is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Invesco Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco Growth Allocation moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Invesco Growth can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Invesco Growth Correlation, Invesco Growth Volatility and Invesco Growth Alpha and Beta module to complement your research on Invesco Growth. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Invesco Growth 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.