Invesco Ultra Short Etf Market Value
| GSY Etf | USD 49.96 0.01 0.02% |
| Symbol | Invesco |
The market value of Invesco Ultra Short is measured differently than its book value, which is the value of Invesco that is recorded on the company's balance sheet. Investors also form their own opinion of Invesco Ultra's value that differs from its market value or its book value, called intrinsic value, which is Invesco Ultra's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Invesco Ultra's market value can be influenced by many factors that don't directly affect Invesco Ultra's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Invesco Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Ultra'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 Ultra '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 Ultra's etf 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 Ultra.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Invesco Ultra on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Ultra Short or generate 0.0% return on investment in Invesco Ultra over 30 days. Invesco Ultra is related to or competes with IShares ESG, First Trust, First Trust, and First Trust. The fund will invest at least 80 percent of its net assets in fixed income securities and in ETFs and closed-end funds t... More
Invesco Ultra 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 Ultra's etf 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 Ultra Short upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.0441 | |||
| Information Ratio | (1.41) | |||
| Maximum Drawdown | 0.161 | |||
| Value At Risk | (0.04) | |||
| Potential Upside | 0.0801 |
Invesco Ultra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Ultra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Ultra's standard deviation. In reality, there are many statistical measures that can use Invesco Ultra historical prices to predict the future Invesco Ultra's volatility.| Risk Adjusted Performance | 0.1663 | |||
| Jensen Alpha | 0.0081 | |||
| Total Risk Alpha | 0.0056 | |||
| Sortino Ratio | (1.13) | |||
| Treynor Ratio | 0.6074 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Ultra'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 Ultra Short Backtested Returns
We consider Invesco Ultra very steady. Invesco Ultra Short holds Efficiency (Sharpe) Ratio of 0.55, which attests that the entity had a 0.55% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Invesco Ultra Short, which you can use to evaluate the volatility of the entity. Please check out Invesco Ultra's Risk Adjusted Performance of 0.1663, market risk adjusted performance of 0.6174, and Coefficient Of Variation of 186.56 to validate if the risk estimate we provide is consistent with the expected return of 0.0195%. The etf retains a Market Volatility (i.e., Beta) of 0.0147, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco Ultra's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Ultra is expected to be smaller as well.
Auto-correlation | 0.36 |
Below average predictability
Invesco Ultra Short has below average predictability. Overlapping area represents the amount of predictability between Invesco Ultra time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Ultra Short price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Invesco Ultra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Invesco Ultra Short lagged returns against current returns
Autocorrelation, which is Invesco Ultra etf'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 Ultra's etf expected returns. We can calculate the autocorrelation of Invesco Ultra returns to help us make a trade decision. For example, suppose you find that Invesco Ultra has exhibited high autocorrelation historically, and you observe that the etf 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 Ultra 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 Ultra etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Ultra etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Ultra etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Ultra Lagged Returns
When evaluating Invesco Ultra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Ultra etf have on its future price. Invesco Ultra 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 Ultra autocorrelation shows the relationship between Invesco Ultra etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Ultra Short.
Regressed Prices |
| Timeline |
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Invesco Ultra technical etf 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, etf market cycles, or different charting patterns.