Invesco Short Term Investments Fund Market Value
| AGPXX Fund | USD 1.00 0.00 0.00% |
| Symbol | Invesco |
Please note, there is a significant difference between Invesco Short's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Short is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Short'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 Short '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 Short's money market 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 Short.
| 02/12/2024 |
| 05/12/2024 |
If you would invest 0.00 in Invesco Short on February 12, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Short Term Investments or generate 0.0% return on investment in Invesco Short over 90 days. Invesco Short is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. Invesco Short is entity of United States More
Invesco Short 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 Short's money market 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 Short Term Investments upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.55) | |||
| Maximum Drawdown | 1.01 |
Invesco Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Short's standard deviation. In reality, there are many statistical measures that can use Invesco Short historical prices to predict the future Invesco Short's volatility.| Risk Adjusted Performance | 0.0363 | |||
| Jensen Alpha | 0.0046 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 0.5643 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Short'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 Short Term Backtested Returns
We consider Invesco Short not too volatile. Invesco Short Term holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Invesco Short Term, which you can use to evaluate the volatility of the entity. Please check out Invesco Short's Standard Deviation of 0.1243, risk adjusted performance of 0.0363, and Market Risk Adjusted Performance of 0.5743 to validate if the risk estimate we provide is consistent with the expected return of 0.0158%. The fund retains a Market Volatility (i.e., Beta) of 0.0094, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Short's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Short is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Invesco Short Term Investments has no correlation between past and present. Overlapping area represents the amount of predictability between Invesco Short time series from 12th of February 2024 to 28th of March 2024 and 28th of March 2024 to 12th of May 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 Short Term price movement. The serial correlation of 0.0 indicates that just 0.0% of current Invesco Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Invesco Short Term lagged returns against current returns
Autocorrelation, which is Invesco Short money market 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 Short's money market fund expected returns. We can calculate the autocorrelation of Invesco Short returns to help us make a trade decision. For example, suppose you find that Invesco Short has exhibited high autocorrelation historically, and you observe that the money market 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 Short 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 Short money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Short money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Short money market fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Short Lagged Returns
When evaluating Invesco Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Short money market fund have on its future price. Invesco Short 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 Short autocorrelation shows the relationship between Invesco Short money market fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Short Term Investments.
Regressed Prices |
| Timeline |
Pair Trading with Invesco Short
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 Short 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 Short will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Invesco Short 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 Short 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 Short - 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 Short Term Investments to buy it.
The correlation of Invesco Short 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 Short moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco Short Term 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 Short 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 Short Correlation, Invesco Short Volatility and Invesco Short Alpha and Beta module to complement your research on Invesco Short. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Invesco Short technical money market 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.