Invesco National Amt Free Etf Profile
| PZA Etf | USD 23.46 0.04 0.17% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Invesco National is trading at 23.46 as of the 25th of April 2024, a -0.17 percent decrease since the beginning of the trading day. The etf's open price was 23.5. Invesco National has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Invesco National AMT Free are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of May 2022 and ending today, the 25th of April 2024. Click here to learn more.
The fund generally will invest at least 80 percent of its total assets in the components of the index. National Amt-Free is traded on NYSEARCA Exchange in the United States. More on Invesco National AMT Free
Moving together with Invesco Etf
| 0.95 | TFI | SPDR Nuveen Bloomberg | PairCorr |
| 0.96 | MMIN | IQ MacKay Municipal | PairCorr |
| 0.93 | MLN | VanEck Long Muni | PairCorr |
| 0.89 | RVNU | Xtrackers Municipal | PairCorr |
| 0.9 | FLMB | Franklin Liberty Federal | PairCorr |
| 0.95 | SMI | VanEck Vectors ETF | PairCorr |
Moving against Invesco Etf
| 0.59 | VIIX | VIIX | PairCorr |
| 0.42 | TSJA | TSJA | 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 National's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Invesco National or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Old Name | PAZ ASHDOD REFINERY LTD |
| Business Concentration | Muni National Long, Invesco (View all Sectors) |
| Country Name | USA |
| Returns Y T D | (1.97) |
| Name | Invesco National AMT-Free Municipal Bond ETF |
| Currency Code | USD |
| In Threey Volatility | 9.95 |
| 1y Volatility | 10.38 |
| 200 Day M A | 23.3219 |
| 50 Day M A | 23.7872 |
| Code | PZA |
| Updated At | 25th of April 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.37) |
| Type | ETF |
Invesco National AMT Free [PZA] is traded in USA and was established 2007-10-11. The fund is classified under Muni National Long category within Invesco family. Invesco National AMT at this time have 1.86 B in assets. , while the total return for the last 3 years was -2.0%.
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Top Invesco National AMT Free Etf Constituents
| SAN DIEGO CALIF UNI SCH DIST 4% | 0.69999998% |
| TRIBOROUGH BRDG & TUNL AUTH NY REVS 5% | 0.55% |
| MASSACHUSETTS ST 5.25% | 0.61000003% |
| CHICAGO ILL TRAN AUTH SALES TAX RCPTS REV 5% | 0.56% |
| COLORADO HEALTH FACS AUTH REV 3% | 0.55% |
| COLORADO HEALTH FACS AUTH REV 4% | 0.93% |
| LICKING HEIGHTS OHIO LOC SCH DIST 5.5% | 0.58% |
| OHIO ST WTR DEV AUTH WTR POLLUTN CTL REV 5% | 0.57% |
| LOS ANGELES CNTY CALIF PUB WKS FING AUTH LEASE REV 5% | 0.64% |
| GRAND PARKWAY TRANSN CORP TEX SYS TOLL REV 5% | 0.57% |
Invesco National Target Price Odds Analysis
What are Invesco National's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Invesco National jumping above the current price in 90 days from now is more than 94.0%. The Invesco National AMT Free probability density function shows the probability of Invesco National etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Invesco National has a beta of 0.1456 indicating as returns on the market go up, Invesco National average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Invesco National AMT Free will be expected to be much smaller as well. Additionally, invesco National AMT Free has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Invesco National to move above the current price in 90 days from now is more than 94.0 (This Invesco National AMT Free probability density function shows the probability of Invesco Etf to fall within a particular range of prices over 90 days) .
Invesco National Top Holders
| ROBNX | Robinson Tax Advantaged | Mutual Fund | Muni National Long |
| ROBCX | Robinson Tax Advantaged | Mutual Fund | Muni National Long |
| ROBAX | Robinson Tax Advantaged | Mutual Fund | Muni National Long |
| ECRAX | Eaton Vance Richard | Mutual Fund | Tactical Allocation |
| MKTBX | Mainstay Tax Free | Mutual Fund | Muni National Long |
| MTBDX | Mainstay Mackay Tax | Mutual Fund | Muni National Long |
| MTBIX | Mainstay Tax Free | Mutual Fund | Muni National Long |
Invesco National AMT Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Invesco National market risk premium is the additional return an investor will receive from holding Invesco National 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 National. 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 National's alpha and beta are two of the key measurements used to evaluate Invesco National's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.16) |
Invesco National Against Markets
Picking the right benchmark for Invesco National 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 National 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 National is critical whether you are bullish or bearish towards Invesco National AMT Free at a given time. Please also check how Invesco National'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 National 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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How to buy Invesco Etf?
Before investing in Invesco National, 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 National. To buy Invesco National etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Invesco National. 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 National etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Invesco National AMT Free 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 National AMT Free 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 National AMT Free, 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 National guide.
Already Invested in Invesco National AMT Free?
The danger of trading Invesco National AMT Free 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 National 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 National. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Invesco National AMT 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 National AMT offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Invesco National'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 National Amt Free Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Invesco National Amt Free Etf: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Invesco National AMT 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 nation. Note that the Invesco National AMT information on this page should be used as a complementary analysis to other Invesco National's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
The market value of Invesco National AMT 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 National's value that differs from its market value or its book value, called intrinsic value, which is Invesco National'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 National's market value can be influenced by many factors that don't directly affect Invesco National'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 National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco National'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.