Invesco Dynamic Oil Etf Profile
| PXJ Etf | USD 30.83 0.12 0.39% |
Performance10 of 100
| Odds Of DistressLess than 31
|
Invesco Dynamic is selling for 30.83 as of the 19th of April 2024. This is a -0.39 percent decrease since the beginning of the trading day. The etf's last reported lowest price was 30.81. Invesco Dynamic has about a 31 percent probability of financial distress in the next few years of operation but had a somewhat ok performance during the last 90 days. Equity ratings for Invesco Dynamic Oil are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th 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. Dynamic Oil is traded on NYSEARCA Exchange in the United States. More on Invesco Dynamic Oil
Moving together with Invesco Etf
| 0.97 | XLE | Energy Select Sector | PairCorr |
| 0.98 | VDE | Vanguard Energy Index | PairCorr |
| 0.97 | XOP | SPDR SP Oil | PairCorr |
| 0.98 | OIH | VanEck Oil Services | PairCorr |
| 0.98 | IYE | iShares Energy ETF | PairCorr |
| 0.97 | IXC | iShares Global Energy | PairCorr |
| 0.98 | FXN | First Trust Energy | 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 Dynamic's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Invesco Dynamic or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Bruce Bond |
| Thematic Ideas | (View all Themes) |
| Old Names | [TRIPLE PLATE JUNCT, AURASIAN MIN (PXJ.SG), TRIPLE PLATE JUNCT - Frankfurt Stock Exchang, Powershares Dynamic Oil & Gas Services Portfolio] |
| Business Concentration | Energy ETFs, Sector ETFs, Equity Energy, Invesco (View all Sectors) |
| Issuer | Invesco |
| Inception Date | 2005-10-26 |
| Benchmark | Dynamic Oil Services Intellidex Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 90.78 Million |
| Average Trading Valume | 16,592.8 |
| Asset Type | Equity |
| Category | Sector |
| Focus | Energy |
| 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 | 31.0 |
| Market Maker | Citadel |
| Total Expense | 0.68 |
| Management Fee | 0.5 |
| Country Name | USA |
| Returns Y T D | 8.22 |
| Name | Invesco Dynamic Oil Gas Services ETF |
| Currency Code | USD |
| Open Figi | BBG000JK3SB7 |
| In Threey Volatility | 37.51 |
| 1y Volatility | 28.98 |
| 200 Day M A | 29.3787 |
| 50 Day M A | 30.3396 |
| Code | PXJ |
| Updated At | 18th of April 2024 |
| Currency Name | US Dollar |
Invesco Dynamic Oil [PXJ] is traded in USA and was established 2005-10-26. The fund is classified under Equity Energy category within Invesco family. The entity is thematically classified as Energy ETFs. Invesco Dynamic Oil at this time have 23.27 M in assets. , while the total return for the last 3 years was 25.5%.
Check Invesco Dynamic Probability Of Bankruptcy
Geographic Allocation (%)
Top Invesco Dynamic Oil Etf Constituents
| PTEN | Patterson UTI Energy | Stock | Energy |
| WTTR | Select Energy Services | Stock | Energy |
| TDW | Tidewater | Stock | Energy |
| RIG | Transocean | Stock | Energy |
| SLB | Schlumberger NV | Stock | Energy |
| FET | Forum Energy Technologies | Stock | Energy |
| DHT | DHT Holdings | Stock | Energy |
Invesco Dynamic Target Price Odds Analysis
Based on a normal probability distribution, the odds of Invesco Dynamic jumping above the current price in 90 days from now is about 27.78%. The Invesco Dynamic Oil probability density function shows the probability of Invesco Dynamic etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Invesco Dynamic has a beta of 0.8813 indicating Invesco Dynamic Oil market returns are highly reactive to returns on the market. As the market goes up or down, Invesco Dynamic is expected to follow. Additionally, invesco Dynamic Oil has an alpha of 0.1271, implying that it can generate a 0.13 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Invesco Dynamic to move above the current price in 90 days from now is about 27.78 (This Invesco Dynamic Oil probability density function shows the probability of Invesco Etf to fall within a particular range of prices over 90 days) .
Invesco Dynamic Oil Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Invesco Dynamic market risk premium is the additional return an investor will receive from holding Invesco Dynamic 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 Dynamic. 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 Dynamic's alpha and beta are two of the key measurements used to evaluate Invesco Dynamic's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.1018 | |||
| Jensen Alpha | 0.1271 | |||
| Total Risk Alpha | 0.0647 | |||
| Sortino Ratio | 0.1031 |
Invesco Dynamic Against Markets
Picking the right benchmark for Invesco Dynamic 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 Dynamic 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 Dynamic is critical whether you are bullish or bearish towards Invesco Dynamic Oil at a given time. Please also check how Invesco Dynamic'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 Dynamic 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?
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| All Next | Launch Module |
How to buy Invesco Etf?
Before investing in Invesco Dynamic, 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 Dynamic. To buy Invesco Dynamic etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Invesco Dynamic. 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 Dynamic etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Invesco Dynamic Oil 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 Dynamic Oil 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 Dynamic Oil, 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 Dynamic guide.
Already Invested in Invesco Dynamic Oil?
The danger of trading Invesco Dynamic Oil 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 Dynamic 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 Dynamic. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Invesco Dynamic Oil 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 Dynamic Oil is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Invesco Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Invesco Dynamic Oil Etf. Highlighted below are key reports to facilitate an investment decision about Invesco Dynamic Oil Etf: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Invesco Dynamic Oil. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
The market value of Invesco Dynamic Oil 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 Dynamic's value that differs from its market value or its book value, called intrinsic value, which is Invesco Dynamic'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 Dynamic's market value can be influenced by many factors that don't directly affect Invesco Dynamic'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 Dynamic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Dynamic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Dynamic'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.