Invesco Vrdo Tax Free Etf Performance
| PVI Etf | USD 24.78 0.02 0.08% |
The etf retains a Market Volatility (i.e., Beta) of -0.01, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Invesco VRDO are expected to decrease at a much lower rate. During the bear market, Invesco VRDO is likely to outperform the market.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Invesco VRDO Tax Free are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Despite fairly strong basic indicators, Invesco VRDO is not utilizing all of its potentials. The current stock price confusion, may contribute to short-horizon losses for the traders. ...more
1 | Where are the Opportunities in - Stock Traders Daily | 02/12/2024 |
2 | Objective longshort Report - Stock Traders Daily | 03/25/2024 |
3 | Invesco VRDO Tax-Free ETF declares monthly distribution of 0.0573 | 04/22/2024 |
| In Threey Sharp Ratio | -4.92 |
Invesco |
Invesco VRDO Relative Risk vs. Return Landscape
If you would invest 2,464 in Invesco VRDO Tax Free on January 25, 2024 and sell it today you would earn a total of 14.00 from holding Invesco VRDO Tax Free or generate 0.57% return on investment over 90 days. Invesco VRDO Tax Free is generating 0.009% of daily returns assuming volatility of 0.1009% on return distribution over 90 days investment horizon. In other words, 0% of etfs are less volatile than Invesco, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
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Invesco VRDO Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco VRDO's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Invesco VRDO Tax Free, and traders can use it to determine the average amount a Invesco VRDO'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 = 0.0897
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Based on monthly moving average Invesco VRDO is performing at about 7% 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 VRDO by adding it to a well-diversified portfolio.
Invesco VRDO Fundamentals Growth
Invesco Etf prices reflect investors' perceptions of the future prospects and financial health of Invesco VRDO, and Invesco VRDO 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.
| Total Asset | 68.47 M | |||
About Invesco VRDO Performance
To evaluate Invesco VRDO Tax 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 VRDO 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 VRDO Tax 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 invests at least 80 percent of its total assets in the components of the underlying index. Vrdo Tax-Free is traded on NYSEARCA Exchange in the United States.| Latest headline from seekingalpha.com: Invesco VRDO Tax-Free ETF declares monthly distribution of 0.0573 | |
| The fund maintains all of the assets in different exotic instruments |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Invesco VRDO Tax Free. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in real. 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 VRDO Tax 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 VRDO's value that differs from its market value or its book value, called intrinsic value, which is Invesco VRDO'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 VRDO's market value can be influenced by many factors that don't directly affect Invesco VRDO'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 VRDO's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco VRDO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco VRDO'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.