Invesco Sp 500 Etf Market Value

RSP Etf  USD 168.78  2.66  1.60%   
Invesco SP's market value is the price at which a share of Invesco SP trades on a public exchange. It measures the collective expectations of Invesco SP 500 investors about its performance. Invesco SP is selling at 168.78 as of the 28th of March 2024; that is 1.60 percent up since the beginning of the trading day. The etf's last reported lowest price was 167.05.
With this module, you can estimate the performance of a buy and hold strategy of Invesco SP 500 and determine expected loss or profit from investing in Invesco SP over a given investment horizon. Check out Invesco SP Correlation, Invesco SP Volatility and Invesco SP Alpha and Beta module to complement your research on Invesco SP.
Symbol

The market value of Invesco SP 500 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 SP's value that differs from its market value or its book value, called intrinsic value, which is Invesco SP'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 SP's market value can be influenced by many factors that don't directly affect Invesco SP'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 SP's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco SP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco SP'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 SP '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 SP'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 SP.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Invesco SP on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco SP 500 or generate 0.0% return on investment in Invesco SP over 30 days. Invesco SP is related to or competes with Northern Lights, Dimensional International, First Trust, FT Cboe, FT Cboe, ProShares Short, and Vanguard Large. The fund generally will invest at least 90 percent of its total assets in securities that comprise the underlying index More

Invesco SP 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 SP'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 SP 500 upside and downside potential and time the market with a certain degree of confidence.

Invesco SP Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco SP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco SP's standard deviation. In reality, there are many statistical measures that can use Invesco SP historical prices to predict the future Invesco SP's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco SP'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.
Hype
Prediction
LowEstimatedHigh
168.10168.76169.42
Details
Intrinsic
Valuation
LowRealHigh
151.24151.90185.66
Details
Naive
Forecast
LowNextHigh
167.67168.32168.98
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
164.62167.06169.50
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Invesco SP. Your research has to be compared to or analyzed against Invesco SP's peers to derive any actionable benefits. When done correctly, Invesco SP's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Invesco SP 500.

Invesco SP 500 Backtested Returns

We consider Invesco SP very steady. Invesco SP 500 holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco SP 500, which you can use to evaluate the volatility of the entity. Please check out Invesco SP's Risk Adjusted Performance of 0.1084, downside deviation of 0.7118, and Market Risk Adjusted Performance of 0.1137 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. The etf retains a Market Volatility (i.e., Beta) of 1.09, which attests to a somewhat significant risk relative to the market. Invesco SP returns are very sensitive to returns on the market. As the market goes up or down, Invesco SP is expected to follow.

Auto-correlation

    
  0.68  

Good predictability

Invesco SP 500 has good predictability. Overlapping area represents the amount of predictability between Invesco SP time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 SP 500 price movement. The serial correlation of 0.68 indicates that around 68.0% of current Invesco SP price fluctuation can be explain by its past prices.
Correlation Coefficient0.68
Spearman Rank Test0.72
Residual Average0.0
Price Variance2.22

Invesco SP 500 lagged returns against current returns

Autocorrelation, which is Invesco SP 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 SP's etf expected returns. We can calculate the autocorrelation of Invesco SP returns to help us make a trade decision. For example, suppose you find that Invesco SP 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 SP 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 SP etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco SP etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco SP etf over time.
   Current vs Lagged Prices   
       Timeline  

Invesco SP Lagged Returns

When evaluating Invesco SP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco SP etf have on its future price. Invesco SP 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 SP autocorrelation shows the relationship between Invesco SP etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco SP 500.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

When determining whether Invesco SP 500 is a strong investment it is important to analyze Invesco SP's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Invesco SP's future performance. For an informed investment choice regarding Invesco Etf, refer to the following important reports:
Check out Invesco SP Correlation, Invesco SP Volatility and Invesco SP Alpha and Beta module to complement your research on Invesco SP.
You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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When running Invesco SP's price analysis, check to measure Invesco SP's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Invesco SP is operating at the current time. Most of Invesco SP's value examination focuses on studying past and present price action to predict the probability of Invesco SP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Invesco SP's price. Additionally, you may evaluate how the addition of Invesco SP to your portfolios can decrease your overall portfolio volatility.
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Invesco SP 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.
A focus of Invesco SP technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Invesco SP trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...