Pbnd Etf Profile
PBND is trading at 21.77 as of the 18th of April 2024, a No Change since the beginning of the trading day. The etf's lowest day price was 21.77. Equity ratings for PBND 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.
PBND Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. PBND's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding PBND or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Old Name | Invesco PureBeta US Aggregate Bond ETF |
| Business Concentration | Intermediate-Term Bond, Invesco (View all Sectors) |
| Nav Price | 21.3 |
| Two Hundred Day Average | 22.82 |
| Ytd | -15.88% |
| Average Daily Volume In Three Month | 27.67k |
| Fifty Two Week Low | 20.96 |
| As Of Date | 25th of October 2022 |
| Average Daily Volume Last 10 Day | 85.06k |
| Fifty Two Week High | 25.97 |
| One Month | -2.72% |
| Fifty Day Average | 21.54 |
| Three Month | -7.63% |
| Beta In Three Year | 0.98 |
PBND [PBND] is traded in USA and was established 2017-09-27. The fund is listed under Intermediate-Term Bond category and is part of Invesco family. PBND at this time have 47.57 M in assets. , while the total return for the last 3 years was -3.76%.
Check PBND Probability Of Bankruptcy
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 PBND Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding PBND Etf, 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 PBND Etf, 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 PBND Etf Constituents
| AGPXX | Invesco Short Term Investments | Money Market Fund | US Money Market Fund |
PBND Target Price Odds Analysis
What are PBND's target price odds to finish over the current price? Based on a normal probability distribution, the odds of PBND jumping above the current price in 90 days from now is about 76.83%. The PBND probability density function shows the probability of PBND etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days PBND has a beta of -0.1248 indicating as returns on the benchmark increase, returns on holding PBND are expected to decrease at a much lower rate. During a bear market, however, PBND is likely to outperform the market. Additionally, pBND has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of PBND to move above the current price in 90 days from now is about 76.83 (This PBND probability density function shows the probability of PBND Etf to fall within a particular range of prices over 90 days) .
PBND Top Holders
| PKTTX | Invesco Peak Retirement | Mutual Fund | Target-Date Retirement |
| PKTPX | Invesco Peak Retirement | Mutual Fund | Target-Date 2015 |
| PKTQX | Invesco Peak Retirement | Mutual Fund | Target-Date 2015 |
| PKTRX | Invesco Peak Retirement | Mutual Fund | Target-Date 2015 |
| PKTSX | Invesco Peak Retirement | Mutual Fund | Target-Date Retirement |
| PKTWX | Invesco Peak Retirement | Mutual Fund | Target-Date Retirement |
| PKTNX | Invesco Peak Retirement | Mutual Fund | Target-Date 2015 |
PBND Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. PBND market risk premium is the additional return an investor will receive from holding PBND 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 PBND. 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 PBND's alpha and beta are two of the key measurements used to evaluate PBND's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.2758 | |||
| Semi Deviation | 0.3281 | |||
| Standard Deviation | 0.3816 | |||
| Variance | 0.1456 |
PBND Against Markets
Picking the right benchmark for PBND etf 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 PBND etf 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 PBND is critical whether you are bullish or bearish towards PBND at a given time. Please also check how PBND's historical prices are related to one of the top price index indicators.
PBND Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with PBND etf to make a market-neutral strategy. Peer analysis of PBND could also be used in its relative valuation, which is a method of valuing PBND by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
How to buy PBND Etf?
Before investing in PBND, 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 PBND. To buy PBND etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of PBND. 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 PBND etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located PBND etf 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 PBND etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as PBND, 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 etf 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 PBND?
The danger of trading PBND is mainly related to its market volatility and ETF 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 PBND 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 PBND. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile PBND 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.
When determining whether PBND is a strong investment it is important to analyze PBND's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PBND's future performance. For an informed investment choice regarding PBND Etf, refer to the following important reports: Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
The market value of PBND is measured differently than its book value, which is the value of PBND that is recorded on the company's balance sheet. Investors also form their own opinion of PBND's value that differs from its market value or its book value, called intrinsic value, which is PBND'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 PBND's market value can be influenced by many factors that don't directly affect PBND'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 PBND's value and its price as these two are different measures arrived at by different means. Investors typically determine if PBND is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PBND'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.