Invesco Value Municipal Fund Market Value
| XIIMX Fund | USD 13.27 0.01 0.08% |
| Symbol | Invesco |
Please note, there is a significant difference between Invesco Value's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Value is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Value'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 Value '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 Value'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 Value.
| 01/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Invesco Value on January 25, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Value Municipal or generate 0.0% return on investment in Invesco Value over 90 days. Invesco Value is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. Invesco Value is entity of United States More
Invesco Value 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 Value'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 Value Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 2.34 | |||
| Value At Risk | (0.60) | |||
| Potential Upside | 0.4505 |
Invesco Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Value's standard deviation. In reality, there are many statistical measures that can use Invesco Value historical prices to predict the future Invesco Value's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.4426 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Value'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 Value Municipal Backtested Returns
Invesco Value Municipal holds Efficiency (Sharpe) Ratio of -0.0459, which attests that the entity had a -0.0459% return per unit of risk over the last 3 months. Invesco Value Municipal exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Invesco Value's Market Risk Adjusted Performance of 0.4526, standard deviation of 0.3481, and Risk Adjusted Performance of (0.05) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of -0.0699, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Invesco Value are expected to decrease at a much lower rate. During the bear market, Invesco Value is likely to outperform the market.
Auto-correlation | -0.33 |
Poor reverse predictability
Invesco Value Municipal has poor reverse predictability. Overlapping area represents the amount of predictability between Invesco Value time series from 25th of January 2024 to 10th of March 2024 and 10th of March 2024 to 24th 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 Value Municipal price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Invesco Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Invesco Value Municipal lagged returns against current returns
Autocorrelation, which is Invesco Value 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 Value's mutual fund expected returns. We can calculate the autocorrelation of Invesco Value returns to help us make a trade decision. For example, suppose you find that Invesco Value 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 Value 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 Value mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Value 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 Value mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Value Lagged Returns
When evaluating Invesco Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Value mutual fund have on its future price. Invesco Value 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 Value autocorrelation shows the relationship between Invesco Value mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Value Municipal.
Regressed Prices |
| Timeline |
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Invesco Value 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.