Invesco Summit Fund Market Value
| ASMMX Fund | USD 30.35 0.01 0.03% |
| Symbol | Invesco |
Invesco Summit '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 Summit'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 Summit.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Invesco Summit on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Invesco Summit Fund or generate 0.0% return on investment in Invesco Summit over 90 days. Invesco Summit is related to or competes with Intermediate-term, Gurtin California, Virtus Seix, Gamco Global, Morningstar Municipal, Fidelity California, and Franklin Government. The fund invests primarily in equity securities of issuers of all market capitalizations that are considered by the fund... More
Invesco Summit 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 Summit'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 Summit Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7659 | |||
| Information Ratio | 0.2408 | |||
| Maximum Drawdown | 6.01 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 1.92 |
Invesco Summit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Summit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Summit's standard deviation. In reality, there are many statistical measures that can use Invesco Summit historical prices to predict the future Invesco Summit's volatility.| Risk Adjusted Performance | 0.3519 | |||
| Jensen Alpha | 0.307 | |||
| Total Risk Alpha | 0.2384 | |||
| Sortino Ratio | 0.3391 | |||
| Treynor Ratio | 0.6066 |
Invesco Summit Backtested Returns
Invesco Summit appears to be very steady, given 3 months investment horizon. Invesco Summit holds Efficiency (Sharpe) Ratio of 0.38, which attests that the entity had a 0.38 % return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Invesco Summit, which you can use to evaluate the volatility of the entity. Please utilize Invesco Summit's Coefficient Of Variation of 265.86, risk adjusted performance of 0.3519, and Market Risk Adjusted Performance of 0.6166 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 0.65, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco Summit's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Summit is expected to be smaller as well.
Auto-correlation | 0.89 |
Very good predictability
Invesco Summit Fund has very good predictability. Overlapping area represents the amount of predictability between Invesco Summit time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 2025. 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 Summit price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Invesco Summit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
Invesco Summit lagged returns against current returns
Autocorrelation, which is Invesco Summit 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 Summit's mutual fund expected returns. We can calculate the autocorrelation of Invesco Summit returns to help us make a trade decision. For example, suppose you find that Invesco Summit 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 Summit 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 Summit mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Summit 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 Summit mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Invesco Summit Lagged Returns
When evaluating Invesco Summit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Summit mutual fund have on its future price. Invesco Summit 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 Summit autocorrelation shows the relationship between Invesco Summit mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Invesco Summit Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Invesco Mutual Fund
Invesco Summit financial ratios help investors to determine whether Invesco Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Invesco with respect to the benefits of owning Invesco Summit security.
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