Invesco Db Base Etf Performance
| DBB Etf | USD 19.90 0.41 2.02% |
The etf retains a Market Volatility (i.e., Beta) of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Invesco DB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Invesco DB is expected to be smaller as well.
Risk-Adjusted Performance
16 of 100
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Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Invesco DB Base are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak fundamental drivers, Invesco DB may actually be approaching a critical reversion point that can send shares even higher in May 2024. ...more
1 | Four Unloved Income Funds With Ultra High Yield Distributions - Seeking Alpha | 02/08/2024 |
2 | Invesco DB Base Metals Fund Trading 0.3 percent Higher - Defense World | 03/27/2024 |
3 | Base Metals ETF Hits a New 52-Week High | 04/22/2024 |
| In Threey Sharp Ratio | 0.02 |
Invesco |
Invesco DB Relative Risk vs. Return Landscape
If you would invest 1,774 in Invesco DB Base on January 25, 2024 and sell it today you would earn a total of 216.00 from holding Invesco DB Base or generate 12.18% return on investment over 90 days. Invesco DB Base is generating 0.1894% of daily returns assuming volatility of 0.8898% on return distribution over 90 days investment horizon. In other words, 7% of etfs are less volatile than Invesco, and above 97% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Invesco DB Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco DB's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Invesco DB Base, and traders can use it to determine the average amount a Invesco DB's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2128
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.89 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Invesco DB is performing at about 16% 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 DB by adding it to a well-diversified portfolio.
Invesco DB Fundamentals Growth
Invesco Etf prices reflect investors' perceptions of the future prospects and financial health of Invesco DB, and Invesco DB fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Invesco Etf performance.
| Price To Earning | 3.57 X | |||
| Earnings Per Share | 1.88 X | |||
| Total Asset | 293.72 M | |||
About Invesco DB Performance
To evaluate Invesco DB Base Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Invesco DB generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Invesco Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Invesco DB Base market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Invesco's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The index Commodities consist of Aluminum, Zinc and Copper Grade A. DB Base is traded on NYSEARCA Exchange in the United States.| Latest headline from zacks.com: Base Metals ETF Hits a New 52-Week High | |
| The fund retains all of the assets under management (AUM) in different types of exotic instruments |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Invesco DB Base. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Invesco DB Base information on this page should be used as a complementary analysis to other Invesco DB'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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
The market value of Invesco DB Base 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 DB's value that differs from its market value or its book value, called intrinsic value, which is Invesco DB'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 DB's market value can be influenced by many factors that don't directly affect Invesco DB'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 DB's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco DB is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco DB'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.