Invesco Currencyshares Australian Etf Price on February 2, 2024
| FXA Etf | USD 65.33 0.22 0.34% |
If you're considering investing in Invesco Etf, it is important to understand the factors that can impact its price. As of today, the current price of Invesco CurrencyShares stands at 65.33, as last reported on the 8th of May, with the highest price reaching 65.51 and the lowest price hitting 65.28 during the day. We consider Invesco CurrencyShares very steady. Invesco CurrencyShares holds Efficiency (Sharpe) Ratio of 0.0605, which attests that the entity had a 0.0605% return per unit of risk over the last 3 months. We have found thirty technical indicators for Invesco CurrencyShares, which you can use to evaluate the volatility of the entity. Please check out Invesco CurrencyShares' Market Risk Adjusted Performance of (0.45), downside deviation of 0.6589, and Risk Adjusted Performance of 0.0364 to validate if the risk estimate we provide is consistent with the expected return of 0.0331%.
Invesco Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Invesco |
Sharpe Ratio = 0.0605
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Estimated Market Risk
| 0.55 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Invesco CurrencyShares is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Invesco CurrencyShares by adding it to a well-diversified portfolio.
Invesco CurrencyShares Valuation on February 2, 2024
It is possible to determine the worth of Invesco CurrencyShares on a given historical date. On February 2, 2024 Invesco was worth 64.62 at the beginning of the trading date compared to the closed value of 64.27. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Invesco CurrencyShares etf. Still, in general, we apply an absolute valuation method to find Invesco CurrencyShares' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Invesco CurrencyShares where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Invesco CurrencyShares' related companies.
| Open | High | Low | Close | Volume | |
| 64.52 | 65.09 | 64.52 | 64.84 | 5,624 | |
02/02/2024 | 64.62 | 64.70 | 64.27 | 64.27 | 4,357 |
| 64.20 | 64.23 | 63.97 | 63.97 | 19,052 |
| Backtest Invesco CurrencyShares | | | Invesco CurrencyShares History | | | Invesco CurrencyShares Valuation | Previous | Next |
Invesco CurrencyShares Trading Date Momentum on February 2, 2024
| On February 05 2024 Invesco CurrencyShares Australian was traded for 63.97 at the closing time. Highest Invesco CurrencyShares's price during the trading hours was 64.23 and the lowest price during the day was 63.97 . The net volume was 19.1 K. The overall trading history on the 5th of February contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 0.47% . The trading delta at closing time to current price is 0.37% . |
Invesco CurrencyShares Fundamentals Correlations and Trends
By evaluating Invesco CurrencyShares' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Invesco CurrencyShares' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Invesco financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Invesco CurrencyShares Etf history
Invesco CurrencyShares investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Invesco is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Invesco CurrencyShares will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Invesco CurrencyShares stock prices may prove useful in developing a viable investing in Invesco CurrencyShares
The Shares are intended to provide institutional and retail investors with a simple, cost-effective means of gaining investment benefits similar to those of holding Australian Dollars. Australian Dollar is traded on NYSEARCA Exchange in the United States.
Invesco CurrencyShares Etf Technical Analysis
Invesco CurrencyShares 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.
Price Boundaries
Invesco CurrencyShares Period Price Range
Low | February 2, 2024
| High |
64.62 | 64.27 |
Invesco CurrencyShares May 8, 2024 Market Strength
Market strength indicators help investors to evaluate how Invesco CurrencyShares etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Invesco CurrencyShares shares will generate the highest return on investment. By undertsting and applying Invesco CurrencyShares etf market strength indicators, traders can identify Invesco CurrencyShares Australian entry and exit signals to maximize returns
Invesco CurrencyShares Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Invesco CurrencyShares' price direction in advance. Along with the technical and fundamental analysis of Invesco Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Invesco to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0364 | |||
| Jensen Alpha | 0.0266 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.46) |
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| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Invesco CurrencyShares Australian. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
The market value of Invesco CurrencyShares 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 CurrencyShares' value that differs from its market value or its book value, called intrinsic value, which is Invesco CurrencyShares' 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 CurrencyShares' market value can be influenced by many factors that don't directly affect Invesco CurrencyShares' 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 CurrencyShares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco CurrencyShares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco CurrencyShares' 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.