Invesco Technology Competition

Mutual Funds USA . 
Fund . Invesco Technology Fund
ITHCX Fund  USD 35.83  0.25  0.69%   
Invesco Technology competes with VHAI, VivoPower International, Exela Technologies, Wetouch Technology, and Invesco Municipal; as well as few others. The fund is listed under Technology category and is part of Invesco family. Analyzing Invesco Technology competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Invesco Technology to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Invesco Technology Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Invesco Technology competition on your existing holdings.
  
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco Technology'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.
Hype
Prediction
LowEstimatedHigh
34.3735.8137.25
Details
Intrinsic
Valuation
LowRealHigh
31.7033.1439.41
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Invesco Technology. Your research has to be compared to or analyzed against Invesco Technology's peers to derive any actionable benefits. When done correctly, Invesco Technology's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Invesco Technology.

Invesco Technology Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Invesco Technology and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Invesco and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Invesco Technology does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
VMIIX
+ 1.0
VMINX
VMINX
+ 0.9
VMICX
VMIIX
+ 0.9
VMICX
AMHYX
+ 0.89
OARDX
XELAP
+ 0.68
VVPR
VMINX
+ 0.64
VHAI
  
High negative correlations   
WETH
- 0.69
XELAP
WETH
- 0.69
VVPR
AMHYX
- 0.61
WETH
OARDX
- 0.56
WETH
VSYS
- 0.41
VHAI
OARDX
- 0.35
VSYS

Risk-Adjusted Indicators

There is a big difference between Invesco Mutual Fund performing well and Invesco Technology Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Invesco Technology's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VHAI  6.84 (4.77) 0.00 (1.52) 0.00 
 0.00 
 11.11 
(17.37)
 34.19 
VSYS  147.77  66.36  0.00  0.77  0.00 
 0.00 
 0.00 
 0.00 
 5,047 
VVPR  10.41  4.85  0.72 (0.49) 4.22 
(15.29)
 9.70 
(10.00)
 321.49 
XELAP  3.67  0.48  0.11  0.40  3.72 
(4.63)
 11.11 
(6.42)
 26.67 
WETH  6.05 (0.17) 0.00  0.10  0.00 
 0.00 
 13.89 
(16.54)
 91.44 
VMICX  0.15 (0.02) 0.00  0.64  0.00 
 0.00 
 0.34 
(0.34)
 1.26 
VMINX  0.16 (0.02) 0.00 (0.12) 0.00 
 0.00 
 0.34 
(0.34)
 1.51 
VMIIX  0.15 (0.02) 0.00 (0.13) 0.00 
 0.00 
 0.34 
(0.34)
 1.51 
OARDX  0.50  0.00 (0.01) 0.07  0.48 
(0.57)
 1.04 
(1.00)
 3.28 
AMHYX  0.14 (0.01)(0.23)(0.01) 0.13 
(0.36)
 0.29 
(0.29)
 1.16 

Invesco Technology Competitive Analysis

The better you understand Invesco Technology competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Invesco Technology's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Invesco Technology's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
ITHCX VHAI VSYS VVPR XELAP WETH VMICX VMINX VMIIX OARDX
 0.69 
 35.83 
Invesco
 9.52 
 0.23 
VHAI
 0.00 
 0.0003 
Viscount
 7.76 
 3.33 
VivoPower
 2.63 
 1.95 
Exela
 1.93 
 2.03 
Wetouch
 0.34 
 11.82 
Invesco
 0.08 
 11.88 
Invesco
 0.08 
 11.87 
Invesco
 0.37 
 23.96 
Oppenheimer
Market Volatility
(90 Days Market Risk)
Very steady
Out of control
Out of control
Out of control
Dangerous
Abnormally volatile
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Weak
Very Weak
OK
OK
Good
Very Weak
Very Weak
Weak
Weak
Modest
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Average
Dangerous
High
About Average
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Fairly Valued
Fairly Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Sell
Cautious Hold
Strong Sell
Cautious Hold
Strong Sell
Cautious Hold
Cautious Hold
Cautious Hold
Strong Hold
Current Ratio
N/A
N/A
0.08
0.92
0.45
10.15
N/A
N/A
N/A
N/A
Net Asset
1.31 B
N/A
33.61 K
61.4 M
1.04 B
68.68 M
3.26 B
3.26 B
2.83 B
2.88 B
Profit Margin
N/A
N/A
-1.74
-1.71
-0.26
0.24
N/A
N/A
N/A
N/A
EBITDA
N/A
N/A
(1.35 M)
(10.05 M)
114.46 M
22.2 M
N/A
N/A
N/A
N/A
Price To Book
3.93
N/A
N/A
30.87
N/A
N/A
N/A
N/A
N/A
2.88
Operating Margin
N/A
N/A
-0.26
-0.76
-0.0508
0.33
N/A
N/A
N/A
N/A
Current Valuation
N/A
N/A
3.09 M
42.81 M
N/A
4.35 M
N/A
N/A
N/A
N/A
Five Year Return
12.37
N/A
N/A
N/A
N/A
N/A
0.53
1.38
1.46
11.91
Retained Earnings
N/A
N/A
(580.01 K)
(96.29 M)
N/A
N/A
N/A
N/A
N/A
N/A
Current Asset
N/A
N/A
1.47 M
N/A
N/A
N/A
N/A
N/A
N/A
N/A
One Year Return
45.18
N/A
N/A
N/A
N/A
N/A
1.8
2.46
2.41
19.22
Beta
N/A
N/A
98.0
3.69
1.66
-0.57
N/A
N/A
N/A
N/A
Cash Position Weight
1.97
N/A
N/A
N/A
N/A
N/A
6.37
6.37
N/A
0.63
Equity Positions Weight
98.03
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
99.37
Number Of Employees
1
5
36
108
16.5 K
126
1
1
1
1
Shares Outstanding
N/A
N/A
130.3 M
3.27 M
N/A
N/A
N/A
N/A
N/A
N/A
Three Year Return
1.23
N/A
N/A
N/A
N/A
N/A
-2.27
-1.28
-1.43
8.71
Cash Flow From Operations
N/A
(2.7 M)
(478.62 K)
(8.55 M)
70.19 M
14.05 M
N/A
N/A
N/A
N/A
Annual Yield
N/A
N/A
N/A
N/A
0.85
N/A
0.004
0.0037
0.0021
0.008
Total Debt
N/A
N/A
N/A
32.4 M
1.1 B
1.99 M
N/A
N/A
N/A
N/A
Return On Equity
N/A
N/A
N/A
-2.98
N/A
0.15
N/A
N/A
N/A
N/A
Bond Positions Weight
N/A
N/A
N/A
N/A
N/A
N/A
1.67
1.67
99.99
N/A
Z Score
N/A
N/A
N/A
N/A
1.0
N/A
N/A
N/A
N/A
N/A
Return On Asset
N/A
N/A
-0.57
-0.071
-0.0343
0.11
N/A
N/A
N/A
N/A
Book Value Per Share
N/A
N/A
-0.094
-1.51
-8.09
1.96
N/A
N/A
N/A
N/A
Number Of Shares Shorted
N/A
N/A
N/A
19.68 K
9.88 K
N/A
N/A
N/A
N/A
N/A
Minimum Initial Investment
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1 K
N/A
Current Liabilities
N/A
N/A
10.22 M
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Total Asset
35.62 M
N/A
33.61 K
61.4 M
1.04 B
68.68 M
118.77 M
74.08 M
3.82 B
2.29 B
Debt To Equity
N/A
N/A
1.3
1.3
N/A
0.03
N/A
N/A
N/A
N/A
Target Price
N/A
N/A
0.08
5.0
N/A
N/A
N/A
N/A
N/A
N/A
Short Ratio
N/A
N/A
N/A
1.08
1.52
N/A
N/A
N/A
N/A
N/A
Last Dividend Paid
N/A
N/A
N/A
N/A
N/A
N/A
0.03
0.04
0.04
0.03
Shares Owned By Institutions
N/A
N/A
0.85
4.7
18.28
N/A
N/A
N/A
N/A
N/A
Market Capitalization
N/A
N/A
508.16 K
11.81 M
N/A
N/A
N/A
N/A
N/A
N/A
Price To Earning
0.99
N/A
-0.01
N/A
N/A
0.75
N/A
N/A
N/A
18.77
Price To Sales
2.9
N/A
0.16
1.07
N/A
N/A
N/A
N/A
N/A
2.13
Net Income
N/A
(8.71 M)
(3.6 M)
(24.36 M)
(79.2 M)
17.39 M
N/A
N/A
N/A
N/A
Earnings Per Share
N/A
N/A
-0.061
-8.2
-0.86
0.36
N/A
N/A
N/A
N/A
Shares Owned By Insiders
N/A
N/A
3.16
42.63
N/A
5.09
N/A
N/A
N/A
N/A
Year To Date Return
12.23
N/A
N/A
N/A
N/A
N/A
0.11
0.37
0.31
6.26
Revenue
N/A
N/A
124.16 K
15.1 M
1.17 B
40.79 M
N/A
N/A
N/A
N/A
Ten Year Return
13.5
N/A
N/A
N/A
N/A
N/A
3.23
4.08
4.27
10.05
Working Capital
N/A
N/A
(8.75 M)
7.9 M
N/A
N/A
N/A
N/A
N/A
N/A
Cash And Equivalents
N/A
N/A
121.57 K
1.28 M
50.26 M
45.15 M
N/A
N/A
N/A
N/A
Cash Per Share
N/A
N/A
N/A
0.06
0.77
1.41
N/A
N/A
N/A
N/A
Gross Profit
N/A
N/A
3.69 M
1.59 M
277.51 M
18.43 M
N/A
N/A
N/A
N/A
Day Typical Price
35.83
0.22
3.0E-4
3.37
1.9
2.02
11.82
11.88
11.87
23.96
Accumulation Distribution
N/A
0.13
N/A
0.13
0.0718
0.081
N/A
N/A
N/A
N/A
Market Facilitation Index
N/A
0.03
N/A
0.49
0.14
0.17
N/A
N/A
N/A
N/A
Daily Balance Of Power
(9,223,372,036,855)
0.6667
0.0
(0.57)
0.3571
(0.24)
(9,223,372,036,855)
9.2 T
9.2 T
(9,223,372,036,855)
Period Momentum Indicator
(0.25)
0.02
N/A
(0.28)
0.05
(0.04)
(0.04)
0.01
0.01
(0.09)
Rate Of Daily Change
0.99
1.1
1.0
0.92
1.03
0.98
1.0
1.0
1.0
1.0
Day Median Price
35.83
0.22
3.0E-4
3.4
1.88
2.02
11.82
11.88
11.87
23.96
Price Action Indicator
(0.12)
0.025
N/A
(0.20)
0.095
(0.01)
(0.02)
0.005
0.005
(0.04)
Coefficient Of Variation
1327.25
(191.94)
829.06
905.38
848.04
(1,939)
(1,981)
(23,450)
(22,621)
813.88
Mean Deviation
1.16
6.84
147.77
10.41
3.67
6.05
0.1524
0.1614
0.1515
0.4955
Jensen Alpha
0.1009
(4.77)
66.36
4.85
0.484
(0.17)
(0.02)
(0.02)
(0.02)
(0)
Total Risk Alpha
(0.08)
(5.62)
(1.57)
(0.50)
(0.04)
(2.08)
(0.05)
(0.04)
(0.04)
(0.01)
Sortino Ratio
0.0182
N/A
N/A
0.7209
0.1106
N/A
N/A
N/A
N/A
(0.01)
Downside Variance
1.78
N/A
N/A
32.94
22.32
N/A
N/A
N/A
N/A
0.4063
Standard Deviation
1.45
8.71
609.6
38.23
5.16
11.86
0.2229
0.2351
0.2298
0.6337
Kurtosis
(0.35)
(0.12)
65.95
63.15
3.04
10.35
1.84
2.72
3.11
0.1192
Potential Upside
2.3
11.11
N/A
9.7
11.11
13.89
0.3381
0.3376
0.335
1.04
Treynor Ratio
(5.89)
(1.52)
0.7739
(0.49)
0.3954
0.1048
0.6362
(0.12)
(0.13)
0.0729
Maximum Drawdown
6.92
34.19
5047.03
321.49
26.67
91.44
1.26
1.51
1.51
3.28
Variance
2.12
75.81
371616.56
1461.6
26.58
140.74
0.0497
0.0553
0.0528
0.4015
Market Risk Adjusted Performance
(5.88)
(1.51)
0.7839
(0.48)
0.4054
0.1148
0.6462
(0.11)
(0.12)
0.0829
Risk Adjusted Performance
0.0519
(0.31)
0.0838
0.0774
0.081
(0.02)
(0.05)
(0.02)
(0.02)
0.0755
Skewness
0.2554
0.6373
8.12
7.86
1.08
(1.65)
(0.42)
(0.27)
(0.27)
0.0619
Semi Deviation
1.23
N/A
N/A
4.22
3.72
N/A
N/A
N/A
N/A
0.4803
Information Ratio
0.0167
(0.53)
0.1205
0.1082
0.1014
(0.06)
(0.43)
(0.37)
(0.38)
(0.01)
Value At Risk
(2.06)
(17.37)
N/A
(10.00)
(6.42)
(16.54)
(0.34)
(0.34)
(0.34)
(1.00)
Expected Short fall
(1.27)
N/A
N/A
(15.29)
(4.63)
N/A
N/A
N/A
N/A
(0.57)
Downside Deviation
1.33
N/A
N/A
5.74
4.72
N/A
N/A
N/A
N/A
0.6374
Semi Variance
1.51
N/A
N/A
17.8
13.87
N/A
N/A
N/A
N/A
0.2307

Invesco Technology Competition Performance Charts

Five steps to successful analysis of Invesco Technology Competition

Invesco Technology's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Invesco Technology in relation to its competition. Invesco Technology's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Invesco Technology in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Invesco Technology's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Invesco Technology, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Invesco Technology position

In addition to having Invesco Technology in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Check out Invesco Technology Correlation with its peers.
Note that the Invesco Technology information on this page should be used as a complementary analysis to other Invesco Technology's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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Analysis
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Buy or Sell
Advice
Details
Technical
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Please note, there is a significant difference between Invesco Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Technology'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.
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