Invesco Etf Market Value

QQQ
 Etf
  

USD 292.55  1.17  0.40%   

Invesco QQQ's market value is the price at which a share of Invesco QQQ stock trades on a public exchange. It measures the collective expectations of Invesco QQQ Trust investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Invesco QQQ Trust and determine expected loss or profit from investing in Invesco QQQ over a given investment horizon. Please see Invesco QQQ Correlation, Invesco QQQ Volatility and Invesco QQQ Alpha and Beta module to complement your research on Invesco QQQ.
Symbol

The market value of Invesco QQQ Trust 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 QQQ's value that differs from its market value or its book value, called intrinsic value, which is Invesco QQQ'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 QQQ's market value can be influenced by many factors that don't directly affect Invesco QQQ'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 QQQ's value and its price as these two are different measures arrived at by different means. Investors typically determine Invesco QQQ value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco QQQ'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 QQQ '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 QQQ'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 QQQ.
0.00
12/14/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/04/2022
0.00
If you would invest  0.00  in Invesco QQQ on December 14, 2020 and sell it all today you would earn a total of 0.00 from holding Invesco QQQ Trust or generate 0.0% return on investment in Invesco QQQ over 720 days. Invesco QQQ is related to or competes with Alcoa Corp, and VANGUARD SMALL-CAP. To maintain the correspondence between the composition and weights of the securities in the trust and the stocks in the ... More

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

Invesco QQQ Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco QQQ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco QQQ's standard deviation. In reality, there are many statistical measures that can use Invesco QQQ historical prices to predict the future Invesco QQQ's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Invesco QQQ'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. Please use the tools below to analyze the current value of Invesco QQQ in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
291.63293.72295.81
Details
Intrinsic
Valuation
LowReal ValueHigh
290.16292.25294.34
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Invesco QQQ. Your research has to be compared to or analyzed against Invesco QQQ's peers to derive any actionable benefits. When done correctly, Invesco QQQ's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Invesco QQQ Trust.

Invesco QQQ Trust Backtested Returns

We consider Invesco QQQ very steady. Invesco QQQ Trust holds Efficiency (Sharpe) Ratio of 0.0102, which attests that the entity had 0.0102% of return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of an etf is to use all available market data together with etf-specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for Invesco QQQ Trust, which you can use to evaluate the future volatility of the entity. Please check out Invesco QQQ risk adjusted performance of (0.004832), and Market Risk Adjusted Performance of (0.006386) to validate if the risk estimate we provide is consistent with the expected return of 0.0212%.
The etf retains a Market Volatility (i.e., Beta) of 1.268, which attests to a somewhat significant risk relative to the market. Let's try to break down what Invesco's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Invesco QQQ will likely underperform. Although it is important to respect Invesco QQQ Trust current price history, it is better to be realistic regarding the information on the equity's current price movements. The philosophy towards determining future performance of any etf is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By evaluating Invesco QQQ Trust technical indicators, you can presently evaluate if the expected return of 0.0212% will be sustainable into the future.

Auto-correlation

    
  -0.74  

Almost perfect reverse predictability

Invesco QQQ Trust has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Invesco QQQ time series from 14th of December 2020 to 9th of December 2021 and 9th of December 2021 to 4th of December 2022. 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 QQQ Trust price movement. The serial correlation of -0.74 indicates that around 74.0% of current Invesco QQQ price fluctuation can be explain by its past prices.
Correlation Coefficient-0.74
Spearman Rank Test-0.79
Residual Average0.0
Price Variance1375.67

Invesco QQQ Trust lagged returns against current returns

Autocorrelation, which is Invesco QQQ 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 QQQ's etf expected returns. We can calculate the autocorrelation of Invesco QQQ returns to help us make a trade decision. For example, suppose you find that Invesco QQQ etf has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Invesco QQQ 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 QQQ etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco QQQ etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco QQQ etf over time.
   Current vs Lagged Prices   
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       Timeline  

Invesco QQQ Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Invesco QQQ without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Currently Active Assets on Macroaxis

Please see Invesco QQQ Correlation, Invesco QQQ Volatility and Invesco QQQ Alpha and Beta module to complement your research on Invesco QQQ. You can also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for analysis

When running Invesco QQQ Trust price analysis, check to measure Invesco QQQ'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 QQQ is operating at the current time. Most of Invesco QQQ's value examination focuses on studying past and present price action to predict the probability of Invesco QQQ's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Invesco QQQ's price. Additionally, you may evaluate how the addition of Invesco QQQ to your portfolios can decrease your overall portfolio volatility.
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Invesco QQQ 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 QQQ technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Invesco QQQ 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...