Invesco Vrdo Tax Free Etf Fundamentals
| PVI Etf | USD 24.75 0.03 0.12% |
Invesco VRDO Tax Free fundamentals help investors to digest information that contributes to Invesco VRDO's financial success or failures. It also enables traders to predict the movement of Invesco Etf. The fundamental analysis module provides a way to measure Invesco VRDO's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Invesco VRDO etf.
Invesco |
Invesco VRDO Tax Free ETF Beta Analysis
Invesco VRDO's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Invesco VRDO Beta | -0.01 |
Most of Invesco VRDO's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Invesco VRDO Tax Free is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Invesco VRDO Tax Free has a Beta of -0.01. This is much lower than that of the Invesco family and significantly lower than that of the Muni National Short category. The beta for all United States etfs is notably higher than that of the company.
Invesco Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Invesco VRDO's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Invesco VRDO could also be used in its relative valuation, which is a method of valuing Invesco VRDO by comparing valuation metrics of similar companies.Invesco VRDO is currently under evaluation in beta as compared to similar ETFs.
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.
Invesco Fundamentals
| Number Of Employees | 92 | |||
| Beta | -0.01 | |||
| Total Asset | 68.47 M | |||
| One Year Return | 2.90 % | |||
| Three Year Return | 1.40 % | |||
| Five Year Return | 1.00 % | |||
| Ten Year Return | 0.70 % | |||
| Net Asset | 68.47 M | |||
| Last Dividend Paid | 0.01 |
About Invesco VRDO Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Invesco VRDO Tax Free's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Invesco VRDO using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Invesco VRDO Tax Free based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.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.
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Check out Invesco VRDO Piotroski F Score and Invesco VRDO Altman Z Score analysis. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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.