Invesco Dwa Basic Etf Performance
| PYZ Etf | USD 89.40 0.72 0.81% |
The etf retains a Market Volatility (i.e., Beta) of 1.41, 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 DWA will likely underperform.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Invesco DWA Basic are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of fairly unfluctuating basic indicators, Invesco DWA may actually be approaching a critical reversion point that can send shares even higher in June 2024. ...more
1 | Invesco Dorsey Wright Basic Materials Momentum ETF Sees Large Increase in Short Interest - Defense World | 03/28/2024 |
2 | Should You Invest in the Invesco DWA Basic Materials Momentum ETF - Yahoo Movies UK | 05/02/2024 |
| In Threey Sharp Ratio | 0.09 |
Invesco |
Invesco DWA Relative Risk vs. Return Landscape
If you would invest 7,975 in Invesco DWA Basic on February 5, 2024 and sell it today you would earn a total of 965.00 from holding Invesco DWA Basic or generate 12.1% return on investment over 90 days. Invesco DWA Basic is generating 0.1838% of daily returns assuming volatility of 1.0276% on return distribution over 90 days investment horizon. In other words, 9% 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 DWA Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invesco DWA's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Invesco DWA Basic, and traders can use it to determine the average amount a Invesco DWA'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 = 0.1789
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Estimated Market Risk
| 1.03 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average Invesco DWA is performing at about 13% 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 DWA by adding it to a well-diversified portfolio.
Invesco DWA Fundamentals Growth
Invesco Etf prices reflect investors' perceptions of the future prospects and financial health of Invesco DWA, and Invesco DWA 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 | 1.19 | |||
| Profit Margin | 0.0001 % | |||
| Operating Margin | 71.01 % | |||
| Price To Earning | 18.89 X | |||
| Price To Book | 2.86 X | |||
| Price To Sales | 1.19 X | |||
| Revenue | 1.47 M | |||
| EBITDA | 1.32 M | |||
| Cash And Equivalents | 274 | |||
| Earnings Per Share | 0.63 X | |||
| Total Asset | 99.93 M | |||
| Current Asset | 2.25 M | |||
| Current Liabilities | 2.31 M | |||
About Invesco DWA Performance
To evaluate Invesco DWA Basic 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 DWA 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 DWA Basic 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. DWA Basic is traded on NASDAQ Exchange in the United States.| The company has a current ratio of 0.95, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Invesco DWA until it has trouble settling it off, either with new capital or with free cash flow. So, Invesco DWA's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Invesco DWA Basic sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Invesco to invest in growth at high rates of return. When we think about Invesco DWA's use of debt, we should always consider it together with cash and equity. | |
| Latest headline from news.google.com: Should You Invest in the Invesco DWA Basic Materials Momentum ETF - Yahoo Movies UK | |
| The fund maintains 99.82% of its assets in stocks |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Invesco DWA Basic. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
The market value of Invesco DWA Basic 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 DWA's value that differs from its market value or its book value, called intrinsic value, which is Invesco DWA'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 DWA's market value can be influenced by many factors that don't directly affect Invesco DWA'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 DWA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco DWA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco DWA'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.