Invesco Aerospace Defense Etf Profile
| PPA Etf | USD 98.11 0.17 0.17% |
Performance16 of 100
| Odds Of DistressLess than 9
|
Invesco Aerospace is trading at 98.11 as of the 18th of April 2024, a -0.17 percent decrease since the beginning of the trading day. The etf's open price was 98.28. Invesco Aerospace has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Invesco Aerospace Defense are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 21st of October 2023 and ending today, the 18th of April 2024. Click here to learn more.
The fund generally will invest at least 90 percent of its total assets in securities that comprise the underlying index. Aerospace Defense is traded on NYSEARCA Exchange in the United States. More on Invesco Aerospace Defense
Moving together with Invesco Etf
| 0.99 | XLI | Industrial Select Sector | PairCorr |
| 0.98 | ITA | iShares Aerospace Defense | PairCorr |
| 0.99 | VIS | Vanguard Industrials | PairCorr |
| 0.82 | JETS | US Global Jets | PairCorr |
| 0.98 | FXR | First Trust Industri | PairCorr |
| 0.98 | IYJ | iShares Industrials ETF | PairCorr |
Invesco 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. Invesco Aerospace's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Invesco Aerospace or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Old Names | [PA POWER AUTOMATION, PA Power Automation AG, PA Power Automation AG, PA POWER AUTOMATION (PPA.SG), PA Power Automation AG, Invesco Exchange-Traded Fund Trust - Invesco Aerospace & Defense ETF] |
| Business Concentration | Macroaxis Index, Industrials ETFs, Sector ETFs, Industrials, Invesco (View all Sectors) |
| Issuer | Invesco |
| Inception Date | 2005-10-26 |
| Benchmark | SPADE Defense Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 2.97 Billion |
| Average Trading Valume | 158,864.2 |
| Asset Type | Equity |
| Category | Sector |
| Focus | Industrials |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | The Bank of New York Mellon Corporation |
| Advisor | Invesco Capital Management LLC |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | Invesco Distributors, Inc. |
| Portfolio Manager | Peter Hubbard, Michael Jeanette, Pratik Doshi, Tony Seisser |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 30-Apr |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 52.0 |
| Market Maker | IMC |
| Total Expense | 0.58 |
| Management Fee | 0.5 |
| Country Name | USA |
| Returns Y T D | 7.23 |
| Name | Invesco Aerospace Defense ETF |
| Currency Code | USD |
| Open Figi | BBG000BDX0N6 |
| In Threey Volatility | 18.28 |
| 1y Volatility | 15.85 |
| 200 Day M A | 88.6274 |
| 50 Day M A | 98.028 |
| Code | PPA |
| Updated At | 17th of April 2024 |
| Currency Name | US Dollar |
Invesco Aerospace Defense [PPA] is traded in USA and was established 2005-10-26. The fund is classified under Industrials category within Invesco family. The entity is thematically classified as Macroaxis Index. Invesco Aerospace Defense at this time have 1.29 B in assets. , while the total return for the last 3 years was 10.4%.
Check Invesco Aerospace Probability Of Bankruptcy
Geographic Allocation (%)
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 Invesco Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Invesco 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 Invesco Aerospace Defense 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 Invesco Aerospace Defense Etf Constituents
| LLL | JX Luxventure | Stock | Apparel Manufacturing |
| LHX | L3Harris Technologies | Stock | Industrials |
| TXT | Textron | Stock | Industrials |
| TDY | Teledyne Technologies Incorporated | Stock | Industrials |
| TDG | Transdigm Group Incorporated | Stock | Industrials |
| RTX | Raytheon Technologies Corp | Stock | Industrials |
| NOC | Northrop Grumman | Stock | Industrials |
Invesco Aerospace Target Price Odds Analysis
What are Invesco Aerospace's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Invesco Aerospace jumping above the current price in 90 days from now is about 32.07%. The Invesco Aerospace Defense probability density function shows the probability of Invesco Aerospace etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Invesco Aerospace has a beta of 0.7976 indicating as returns on the market go up, Invesco Aerospace average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Invesco Aerospace Defense will be expected to be much smaller as well. Additionally, invesco Aerospace Defense has an alpha of 0.0757, implying that it can generate a 0.0757 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Invesco Aerospace to move above the current price in 90 days from now is about 32.07 (This Invesco Aerospace Defense probability density function shows the probability of Invesco Etf to fall within a particular range of prices over 90 days) .
Invesco Aerospace Top Holders
| NAVFX | The Sector Rotation | Mutual Fund | Large Growth |
Invesco Aerospace Defense Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Invesco Aerospace market risk premium is the additional return an investor will receive from holding Invesco Aerospace 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 Invesco Aerospace. 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 Invesco Aerospace's alpha and beta are two of the key measurements used to evaluate Invesco Aerospace's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.1168 | |||
| Jensen Alpha | 0.0757 | |||
| Total Risk Alpha | 0.0643 | |||
| Sortino Ratio | 0.1072 |
Invesco Aerospace Against Markets
Picking the right benchmark for Invesco Aerospace 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 Invesco Aerospace 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 Invesco Aerospace is critical whether you are bullish or bearish towards Invesco Aerospace Defense at a given time. Please also check how Invesco Aerospace's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Invesco Aerospace without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Risk-Return Analysis Now
Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
| All Next | Launch Module |
How to buy Invesco Etf?
Before investing in Invesco Aerospace, 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 Invesco Aerospace. To buy Invesco Aerospace etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Invesco Aerospace. 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 Invesco Aerospace etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Invesco Aerospace Defense 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 Invesco Aerospace Defense 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 Invesco Aerospace Defense, 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. For more information on how to buy Invesco Etf please use our How to Invest in Invesco Aerospace guide.
Already Invested in Invesco Aerospace Defense?
The danger of trading Invesco Aerospace Defense 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 Invesco Aerospace 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 Invesco Aerospace. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Invesco Aerospace Defense 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 Invesco Aerospace Defense offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Invesco Aerospace's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Invesco Aerospace Defense Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Invesco Aerospace Defense Etf: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Invesco Aerospace Defense. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
The market value of Invesco Aerospace Defense 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 Aerospace's value that differs from its market value or its book value, called intrinsic value, which is Invesco Aerospace'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 Aerospace's market value can be influenced by many factors that don't directly affect Invesco Aerospace'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 Aerospace's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Aerospace is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Aerospace'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.