Invesco Multi Asset Income Fund Market Value
| PIYFX Fund | USD 7.65 0.06 0.78% |
| Symbol | Invesco |
Invesco Multi '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 Multi'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 Multi.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Invesco Multi on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Multi Asset Income or generate 0.0% return on investment in Invesco Multi over 30 days. Invesco Multi is related to or competes with Invesco Municipal, Invesco Municipal, Invesco Municipal, Oppenheimer Rising, Invesco High, Oppenheimer Strategic, and Oppenheimer International. The fund actively allocates assets across multiple income producing asset classes and strategies More
Invesco Multi 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 Multi'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 Multi Asset Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4148 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 1.65 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.5195 |
Invesco Multi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Multi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Multi's standard deviation. In reality, there are many statistical measures that can use Invesco Multi historical prices to predict the future Invesco Multi's volatility.| Risk Adjusted Performance | 0.0072 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Multi'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 Multi Asset Backtested Returns
We consider Invesco Multi very steady. Invesco Multi Asset holds Efficiency (Sharpe) Ratio of 0.0141, which attests that the entity had a 0.0141% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Invesco Multi Asset, which you can use to evaluate the volatility of the entity. Please check out Invesco Multi's Market Risk Adjusted Performance of 0.006, risk adjusted performance of 0.0072, and Downside Deviation of 0.4148 to validate if the risk estimate we provide is consistent with the expected return of 0.0047%. The fund retains a Market Volatility (i.e., Beta) of 0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco Multi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Multi is expected to be smaller as well.
Auto-correlation | 0.43 |
Average predictability
Invesco Multi Asset Income has average predictability. Overlapping area represents the amount of predictability between Invesco Multi 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 Multi Asset price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Invesco Multi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Invesco Multi Asset lagged returns against current returns
Autocorrelation, which is Invesco Multi 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 Multi's mutual fund expected returns. We can calculate the autocorrelation of Invesco Multi returns to help us make a trade decision. For example, suppose you find that Invesco Multi 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 Multi 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 Multi mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Multi 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 Multi mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Multi Lagged Returns
When evaluating Invesco Multi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Multi mutual fund have on its future price. Invesco Multi 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 Multi autocorrelation shows the relationship between Invesco Multi mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Multi Asset Income.
Regressed Prices |
| Timeline |
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Check out Invesco Multi Correlation, Invesco Multi Volatility and Invesco Multi Alpha and Beta module to complement your research on Invesco Multi. Note that the Invesco Multi Asset information on this page should be used as a complementary analysis to other Invesco Multi'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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Invesco Multi 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.