Invesco Quality Municipal Stock Market Value
| IQI Stock | USD 9.31 0.02 0.22% |
| Symbol | Invesco |
Invesco Quality Municipal Price To Book Ratio
Is Invesco Quality's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Invesco Quality. If investors know Invesco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Invesco Quality listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.46) | Dividend Share 0.472 | Earnings Share (0.01) | Revenue Per Share 0.778 | Return On Assets 0.0242 |
The market value of Invesco Quality Municipal 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 Quality's value that differs from its market value or its book value, called intrinsic value, which is Invesco Quality'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 Quality's market value can be influenced by many factors that don't directly affect Invesco Quality'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 Quality's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Quality is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Quality'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 Quality '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 Quality's stock 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 Quality.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Invesco Quality on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Invesco Quality Municipal or generate 0.0% return on investment in Invesco Quality over 30 days. Invesco Quality is related to or competes with Pfizer, Heartland Financial, Conflux Network, Citigroup Capital, Johnson Johnson, 2Seventy Bio, and Chevron Corp. Invesco Quality Municipal Income Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd More
Invesco Quality 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 Quality's stock 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 Quality Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 2.44 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 0.7519 |
Invesco Quality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Quality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invesco Quality's standard deviation. In reality, there are many statistical measures that can use Invesco Quality historical prices to predict the future Invesco Quality's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Quality'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 Quality Municipal Backtested Returns
We consider Invesco Quality very steady. Invesco Quality Municipal holds Efficiency (Sharpe) Ratio of 0.037, which attests that the entity had a 0.037% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Invesco Quality Municipal, which you can use to evaluate the volatility of the firm. Please check out Invesco Quality's Market Risk Adjusted Performance of (0.07), standard deviation of 0.5168, and Risk Adjusted Performance of (0.02) to validate if the risk estimate we provide is consistent with the expected return of 0.0184%. Invesco Quality has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.3, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Invesco Quality's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco Quality is expected to be smaller as well. Invesco Quality Municipal right now retains a risk of 0.5%. Please check out Invesco Quality maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Invesco Quality will be following its current trending patterns.
Auto-correlation | 0.65 |
Good predictability
Invesco Quality Municipal has good predictability. Overlapping area represents the amount of predictability between Invesco Quality time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th 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 Quality Municipal price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Invesco Quality price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Invesco Quality Municipal lagged returns against current returns
Autocorrelation, which is Invesco Quality stock'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 Quality's stock expected returns. We can calculate the autocorrelation of Invesco Quality returns to help us make a trade decision. For example, suppose you find that Invesco Quality 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Invesco Quality 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 Quality stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invesco Quality stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invesco Quality stock over time.
Current vs Lagged Prices |
| Timeline |
Invesco Quality Lagged Returns
When evaluating Invesco Quality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invesco Quality stock have on its future price. Invesco Quality 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 Quality autocorrelation shows the relationship between Invesco Quality stock current value and its past values and can show if there is a momentum factor associated with investing in Invesco Quality Municipal.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Invesco Quality in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Invesco Quality's short interest history, or implied volatility extrapolated from Invesco Quality options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Invesco Quality Correlation, Invesco Quality Volatility and Invesco Quality Alpha and Beta module to complement your research on Invesco Quality. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Invesco Stock analysis
When running Invesco Quality's price analysis, check to measure Invesco Quality'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 Quality is operating at the current time. Most of Invesco Quality's value examination focuses on studying past and present price action to predict the probability of Invesco Quality's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Invesco Quality's price. Additionally, you may evaluate how the addition of Invesco Quality to your portfolios can decrease your overall portfolio volatility.
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio |
Invesco Quality technical stock 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, stock market cycles, or different charting patterns.