Invesco Municipal Income Fund Price on August 23, 2019
| VMICX Fund | USD 11.82 0.04 0.34% |
Below is the normalized historical share price chart for Invesco Municipal Income extending back to May 20, 1997. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Invesco Municipal stands at 11.82, as last reported on the 23rd of April, with the highest price reaching 11.82 and the lowest price hitting 11.82 during the day.
If you're considering investing in Invesco Mutual Fund, it is important to understand the factors that can impact its price. We consider Invesco Municipal very steady. Invesco Municipal holds Efficiency (Sharpe) Ratio of 0.0262, which attests that the entity had a 0.0262% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Invesco Municipal, which you can use to evaluate the volatility of the entity. Please check out Invesco Municipal's Risk Adjusted Performance of (0.04), standard deviation of 0.2191, and Market Risk Adjusted Performance of (0.17) to validate if the risk estimate we provide is consistent with the expected return of 0.0057%.
Invesco Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Invesco |
Sharpe Ratio = 0.0262
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| Negative Returns | VMICX |
Estimated Market Risk
| 0.22 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Invesco Municipal is performing at about 2% 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 Municipal by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About Invesco Municipal Mutual Fund history
Invesco Municipal investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Invesco is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Invesco Municipal will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Invesco Municipal stock prices may prove useful in developing a viable investing in Invesco Municipal
Under normal market conditions, the fund invests at least 80 percent of its net assets in municipal securities at the time of investment. It may invest up to 20 percent of its net assets in municipal securities below investment grade. The fund may invest all or a substantial portion of its assets in municipal securities that are subject to the federal alternative minimum tax.
Invesco Municipal Mutual Fund Technical Analysis
Invesco Municipal technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Invesco Municipal Period Price Range
Invesco Municipal April 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Invesco Municipal mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Invesco Municipal shares will generate the highest return on investment. By undertsting and applying Invesco Municipal mutual fund market strength indicators, traders can identify Invesco Municipal Income entry and exit signals to maximize returns
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 11.82 | |||
| Day Typical Price | 11.82 | |||
| Price Action Indicator | (0.02) | |||
| Period Momentum Indicator | (0.04) |
Invesco Municipal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Invesco Municipal's price direction in advance. Along with the technical and fundamental analysis of Invesco Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Invesco to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.18) |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Invesco Municipal Income. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Invesco Municipal information on this page should be used as a complementary analysis to other Invesco Municipal'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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.