Invesco Technology Fund Quote
| ITYYX Fund | USD 58.31 0.39 0.66% |
Performance4 of 100
| Odds Of DistressLess than 23
|
Invesco Technology is trading at 58.31 as of the 18th of April 2024; that is -0.66 percent decrease since the beginning of the trading day. The fund's open price was 58.7. Invesco Technology has about a 23 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Invesco Technology Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of April 2022 and ending today, the 18th of April 2024. Click here to learn more.
The fund invests, under normal circumstances, at least 80 percent of its net assets in securities of issuers engaged in technology-related industries, and in derivatives and other instruments that have economic characteristics similar to such securities. More on Invesco Technology Fund
Moving against Invesco Mutual Fund
| 0.8 | DLPX | Delphax Technologies | PairCorr |
| 0.79 | SBIGW | SpringBig Holdings | PairCorr |
| 0.75 | NOGWQ | Nogin Inc | PairCorr |
| 0.74 | DMAN | Innovativ Media Group | PairCorr |
| 0.58 | CETXP | Cemtrex Pref | PairCorr |
| 0.54 | ELCO | Elcom International | PairCorr |
| 0.41 | WETH | Wetouch Technology Common | PairCorr |
Invesco Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Invesco Technology's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Invesco Technology or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Tech Funds (View all Themes) |
| Fund Concentration | Invesco Funds, Large Growth Funds, Technology Funds, Tech Funds, Technology, Invesco, Large Growth, Technology (View all Sectors) |
| Update Date | 31st of March 2024 |
Invesco Technology Fund [ITYYX] is traded in USA and was established 18th of April 2024. Invesco Technology is listed under Invesco category by Fama And French industry classification. The fund is listed under Technology category and is part of Invesco family. The entity is thematically classified as Tech Funds. This fund currently has accumulated 1.03 B in assets under management (AUM) with minimum initial investment of 1 K. Invesco Technology is currently producing year-to-date (YTD) return of 10.64%, while the total return for the last 3 years was 1.25%.
Check Invesco Technology Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Invesco Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Invesco Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Invesco Technology Fund Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Invesco Technology Fund Mutual Fund Constituents
| NTDOF | Nintendo Co | Pink Sheet | Electronic Gaming & Multimedia |
| TTWO | Take Two Interactive Software | Stock | Communication Services |
| ILMN | Illumina | Stock | Health Care |
| V | Visa Class A | Stock | Financials |
| SNEJF | Sony Corp | Pink Sheet | Consumer Electronics |
| RNG | Ringcentral | Stock | Information Technology |
| QCOM | Qualcomm Incorporated | Stock | Information Technology |
Invesco Technology Target Price Odds Analysis
Based on a normal probability distribution, the odds of Invesco Technology jumping above the current price in 90 days from now is about 76.57%. The Invesco Technology Fund probability density function shows the probability of Invesco Technology mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.3981. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Invesco Technology will likely underperform. Additionally, invesco Technology Fund has an alpha of 0.0599, implying that it can generate a 0.0599 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Invesco Technology to move above the current price in 90 days from now is about 76.57 (This Invesco Technology Fund probability density function shows the probability of Invesco Mutual Fund to fall within a particular range of prices over 90 days) .
Invesco Technology Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Invesco Technology market risk premium is the additional return an investor will receive from holding Invesco Technology long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Invesco Technology. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Invesco Technology's alpha and beta are two of the key measurements used to evaluate Invesco Technology's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.16 | |||
| Semi Deviation | 1.23 | |||
| Standard Deviation | 1.45 | |||
| Variance | 2.11 |
Invesco Technology Against Markets
Picking the right benchmark for Invesco Technology mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Invesco Technology mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Invesco Technology is critical whether you are bullish or bearish towards Invesco Technology Fund at a given time. Please also check how Invesco Technology's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Invesco Technology 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.Did you try this?
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| All Next | Launch Module |
How to buy Invesco Mutual Fund?
Before investing in Invesco Technology, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Invesco Technology. To buy Invesco Technology fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Invesco Technology. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Invesco Technology fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Invesco Technology Fund fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Invesco Technology Fund fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Invesco Technology Fund, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Invesco Technology Fund?
The danger of trading Invesco Technology Fund is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Invesco Technology is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Invesco Technology. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Invesco Technology is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Invesco Technology Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.