Invesco E Plus Fund Market Value
| CPBFX Fund | USD 8.95 0.06 0.67% |
| Symbol | Invesco |
Invesco Core '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 Core'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 Core.
| 01/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in Invesco Core on January 17, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco E Plus or generate 0.0% return on investment in Invesco Core over 90 days. Invesco Core is related to or competes with Invesco Municipal, Invesco Municipal, Invesco Municipal, Oppenheimer Rising, Invesco High, Invesco High, and Invesco High. The fund invests, under normal circumstances, at least 80 percent of its net assets in fixed income securities and in de... More
Invesco Core 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 Core'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 E Plus upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 1.76 | |||
| Value At Risk | (0.67) | |||
| Potential Upside | 0.4435 |
Invesco Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Core's standard deviation. In reality, there are many statistical measures that can use Invesco Core historical prices to predict the future Invesco Core's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Core'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 E Plus Backtested Returns
Invesco E Plus holds Efficiency (Sharpe) Ratio of -0.0378, which attests that the entity had a -0.0378% return per unit of risk over the last 3 months. Invesco E Plus exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco Core's Standard Deviation of 0.3618, market risk adjusted performance of (0.09), and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Core is expected to be smaller as well.
Auto-correlation | -0.08 |
Very weak reverse predictability
Invesco E Plus has very weak reverse predictability. Overlapping area represents the amount of predictability between Invesco Core time series from 17th of January 2024 to 2nd of March 2024 and 2nd of March 2024 to 16th 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 E Plus price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Invesco Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Invesco E Plus lagged returns against current returns
Autocorrelation, which is Invesco Core 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 Core's mutual fund expected returns. We can calculate the autocorrelation of Invesco Core returns to help us make a trade decision. For example, suppose you find that Invesco Core 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 Core 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 Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Core 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 Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Core Lagged Returns
When evaluating Invesco Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Core mutual fund have on its future price. Invesco Core 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 Core autocorrelation shows the relationship between Invesco Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco E Plus.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Invesco Core in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Invesco Core's short interest history, or implied volatility extrapolated from Invesco Core options trading.
Pair Trading with Invesco Core
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 Core 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 Core will appreciate offsetting losses from the drop in the long position's value.Moving together with Invesco Mutual Fund
| 0.65 | VMINX | Invesco Municipal | PairCorr |
| 0.64 | VMIIX | Invesco Municipal | PairCorr |
The ability to find closely correlated positions to Invesco Core 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 Core 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 Core - 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 E Plus to buy it.
The correlation of Invesco Core 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 Core moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco E Plus 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 Core 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 Core Correlation, Invesco Core Volatility and Invesco Core Alpha and Beta module to complement your research on Invesco Core. Note that the Invesco E Plus information on this page should be used as a complementary analysis to other Invesco Core's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Invesco Core 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.