Invesco Golden Dragon Etf Performance
| PGJ Etf | USD 23.54 0.20 0.84% |
The etf retains a Market Volatility (i.e., Beta) of 1.3, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Invesco Golden will likely underperform.
Risk-Adjusted Performance
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Invesco Golden Dragon are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Even with relatively unsteady technical and fundamental indicators, Invesco Golden may actually be approaching a critical reversion point that can send shares even higher in May 2024. ...more
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| In Threey Sharp Ratio | -0.54 |
Invesco |
Invesco Golden Relative Risk vs. Return Landscape
If you would invest 2,173 in Invesco Golden Dragon on January 20, 2024 and sell it today you would earn a total of 201.00 from holding Invesco Golden Dragon or generate 9.25% return on investment over 90 days. Invesco Golden Dragon is generating 0.1574% of daily returns assuming volatility of 1.8579% on return distribution over 90 days investment horizon. In other words, 16% 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 Golden Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco Golden's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Invesco Golden Dragon, and traders can use it to determine the average amount a Invesco Golden'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 = 0.0847
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Estimated Market Risk
| 1.86 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Invesco Golden is performing at about 6% 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 Golden by adding it to a well-diversified portfolio.
Invesco Golden Fundamentals Growth
Invesco Etf prices reflect investors' perceptions of the future prospects and financial health of Invesco Golden, and Invesco Golden 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.
| Return On Equity | 1.0E-4 | |||
| Return On Asset | 1.09 | |||
| Profit Margin | 59.88 % | |||
| Shares Outstanding | 5 M | |||
| Price To Earning | 1.34 X | |||
| Price To Book | 1.15 X | |||
| Revenue | 4.86 M | |||
| Cash And Equivalents | 225.26 K | |||
| Earnings Per Share | 1.13 X | |||
| Total Asset | 227.28 M | |||
About Invesco Golden Performance
To evaluate Invesco Golden Dragon 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 Golden 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 Golden Dragon 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 fund generally will invest at least 90 percent of its total assets in the securities that comprise the underlying index. Golden Dragon is traded on NASDAQ Exchange in the United States.| Latest headline from finance.yahoo.com: Whats Going On With Alibaba Stock Wednesday | |
| This fund generated-1.0 ten year return of -1.0% | |
| Invesco Golden maintains 99.9% of its assets in stocks |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Invesco Golden Dragon. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Invesco Golden Dragon information on this page should be used as a complementary analysis to other Invesco Golden'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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
The market value of Invesco Golden Dragon 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 Golden's value that differs from its market value or its book value, called intrinsic value, which is Invesco Golden'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 Golden's market value can be influenced by many factors that don't directly affect Invesco Golden'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 Golden's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Golden is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Golden'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.