Invesco Next Gen Etf Market Value
| KNCT Etf | 116.96 0.07 0.06% |
| Symbol | Invesco |
The market value of Invesco Next Gen 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 Next's value that differs from its market value or its book value, called intrinsic value, which is Invesco Next'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 Next's market value can be influenced by many factors that don't directly affect Invesco Next'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 Next's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Next is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Next'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 Next '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 Next'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 Next.
| 04/20/2025 |
| 07/19/2025 |
If you would invest 0.00 in Invesco Next on April 20, 2025 and sell it all today you would earn a total of 0.00 from holding Invesco Next Gen or generate 0.0% return on investment in Invesco Next over 90 days. Invesco Next is related to or competes with Franklin Templeton, Tidal Trust, IShares Dividend, Altrius Global, Invesco Exchange, Franklin International, and Madison ETFs. Invesco Next is entity of United States. It is traded as Etf on NYSE ARCA exchange. More
Invesco Next 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 Next'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 Next Gen upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9947 | |||
| Information Ratio | 0.146 | |||
| Maximum Drawdown | 4.95 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 2.17 |
Invesco Next Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Next's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Next's standard deviation. In reality, there are many statistical measures that can use Invesco Next historical prices to predict the future Invesco Next's volatility.| Risk Adjusted Performance | 0.2651 | |||
| Jensen Alpha | 0.1837 | |||
| Total Risk Alpha | 0.1369 | |||
| Sortino Ratio | 0.151 | |||
| Treynor Ratio | 0.3778 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Next'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 Next Gen Backtested Returns
Invesco Next appears to be very steady, given 3 months investment horizon. Invesco Next Gen holds Efficiency (Sharpe) Ratio of 0.37, which attests that the entity had a 0.37 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Invesco Next Gen, which you can use to evaluate the volatility of the entity. Please utilize Invesco Next's Market Risk Adjusted Performance of 0.3878, risk adjusted performance of 0.2651, and Downside Deviation of 0.9947 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.74, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco Next's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Next is expected to be smaller as well.
Auto-correlation | 0.82 |
Very good predictability
Invesco Next Gen has very good predictability. Overlapping area represents the amount of predictability between Invesco Next time series from 20th of April 2025 to 4th of June 2025 and 4th of June 2025 to 19th 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 Next Gen price movement. The serial correlation of 0.82 indicates that around 82.0% of current Invesco Next price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 7.2 |
Invesco Next Gen lagged returns against current returns
Autocorrelation, which is Invesco Next 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 Next's etf expected returns. We can calculate the autocorrelation of Invesco Next returns to help us make a trade decision. For example, suppose you find that Invesco Next 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 Next 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 Next etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Next etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Next etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco Next Lagged Returns
When evaluating Invesco Next's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Next etf have on its future price. Invesco Next 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 Next autocorrelation shows the relationship between Invesco Next etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco Next Gen.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Invesco Next Correlation, Invesco Next Volatility and Invesco Next Alpha and Beta module to complement your research on Invesco Next. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Invesco Next 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.