Invesco Esg Nasdaq Etf Market Value
| QQJE Etf | 20.59 0.00 0.00% |
| Symbol | Invesco |
Invesco ESG '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 ESG'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 ESG.
| 04/16/2025 |
| 07/15/2025 |
If you would invest 0.00 in Invesco ESG on April 16, 2025 and sell it all today you would earn a total of 0.00 from holding Invesco ESG NASDAQ or generate 0.0% return on investment in Invesco ESG over 90 days. Invesco ESG is related to or competes with Invesco SP, Invesco FTSE, Invesco SP, Invesco SP, Invesco NASDAQ, and Invesco SP. More
Invesco ESG 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 ESG'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 ESG NASDAQ upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 6.61 | |||
| Potential Upside | 1.67 |
Invesco ESG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco ESG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco ESG's standard deviation. In reality, there are many statistical measures that can use Invesco ESG historical prices to predict the future Invesco ESG's volatility.| Risk Adjusted Performance | 0.3029 | |||
| Jensen Alpha | 0.2412 | |||
| Total Risk Alpha | 0.0346 | |||
| Treynor Ratio | 18.53 |
Invesco ESG NASDAQ Backtested Returns
Invesco ESG appears to be very steady, given 3 months investment horizon. Invesco ESG NASDAQ holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22 % return per unit of risk over the last 3 months. We have found eighteen technical indicators for Invesco ESG NASDAQ, which you can use to evaluate the volatility of the entity. Please utilize Invesco ESG's Standard Deviation of 1.15, risk adjusted performance of 0.3029, and Market Risk Adjusted Performance of 18.54 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.0132, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco ESG's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco ESG is expected to be smaller as well.
Auto-correlation | 0.79 |
Good predictability
Invesco ESG NASDAQ has good predictability. Overlapping area represents the amount of predictability between Invesco ESG time series from 16th of April 2025 to 31st of May 2025 and 31st of May 2025 to 15th 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 ESG NASDAQ price movement. The serial correlation of 0.79 indicates that around 79.0% of current Invesco ESG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
Invesco ESG NASDAQ lagged returns against current returns
Autocorrelation, which is Invesco ESG 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 ESG's etf expected returns. We can calculate the autocorrelation of Invesco ESG returns to help us make a trade decision. For example, suppose you find that Invesco ESG 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 ESG 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 ESG etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco ESG etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco ESG etf over time.
Current vs Lagged Prices |
| Timeline |
Invesco ESG Lagged Returns
When evaluating Invesco ESG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco ESG etf have on its future price. Invesco ESG 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 ESG autocorrelation shows the relationship between Invesco ESG etf current value and its past values and can show if there is a momentum factor associated with investing in Invesco ESG NASDAQ.
Regressed Prices |
| Timeline |
Pair Trading with Invesco ESG
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Invesco ESG position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Invesco ESG will appreciate offsetting losses from the drop in the long position's value.Moving together with Invesco Etf
| 0.66 | XSP | iShares Core SP | PairCorr |
| 0.76 | ZSP | BMO SP 500 | PairCorr |
| 0.65 | VFV | Vanguard SP 500 | PairCorr |
| 0.65 | HXS | Global X SP | PairCorr |
| 0.65 | XUS | iShares Core SP | PairCorr |
The ability to find closely correlated positions to Invesco ESG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Invesco ESG when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Invesco ESG - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Invesco ESG NASDAQ to buy it.
The correlation of Invesco ESG is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Invesco ESG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco ESG NASDAQ moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Invesco ESG can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Invesco ESG Correlation, Invesco ESG Volatility and Invesco ESG Alpha and Beta module to complement your research on Invesco ESG. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Invesco ESG 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.