Invesco Water Resources Etf Profile
| PHO Etf | USD 63.04 0.44 0.69% |
Performance10 of 100
| Odds Of DistressLess than 9
|
Invesco Water is selling at 63.04 as of the 17th of April 2024; that is -0.69 percent decrease since the beginning of the trading day. The etf's open price was 63.48. Invesco Water has less than a 9 % chance of experiencing financial distress in the next few years and had a ok performance during the last 90 days. Equity ratings for Invesco Water Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of April 2022 and ending today, the 17th 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. Water Resources is traded on NASDAQ Exchange in the United States. More on Invesco Water Resources
Moving together with Invesco Etf
| 0.95 | XLB | Materials Select Sector | PairCorr |
| 0.96 | VAW | Vanguard Materials Index | PairCorr |
| 0.86 | XME | SPDR SP Metals Sell-off Trend | PairCorr |
| 0.87 | FXZ | First Trust Materials | PairCorr |
| 1.0 | FIW | First Trust Water | 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 Water's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Invesco Water or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO | Kjetil Hestdal |
| Thematic Ideas | (View all Themes) |
| Old Names | [Peel Hotels Plc, Photon Control Inc, Photon Control Inc, Powershares Water Resources] |
| Business Concentration | Oslo Exchange Mutual, Industrials ETFs, Sector ETFs, Natural Resources, Invesco (View all Sectors) |
| Issuer | Invesco |
| Inception Date | 2005-12-06 |
| Benchmark | NASDAQ OMX US Water Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 2.06 Billion |
| Average Trading Valume | 60,571.3 |
| Asset Type | Equity |
| Category | Sector |
| Focus | Industrials |
| Market Concentration | Blended Development |
| Region | Global |
| 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 | NASDAQ |
| Number of Constituents | 40.0 |
| Market Maker | Citadel |
| Total Expense | 0.6 |
| Management Fee | 0.5 |
| Country Name | USA |
| Returns Y T D | 5.2 |
| Name | Invesco Water Resources ETF |
| Currency Code | USD |
| Open Figi | BBG000K5HLS0 |
| In Threey Volatility | 21.26 |
| 1y Volatility | 20.33 |
| 200 Day M A | 58.1193 |
| 50 Day M A | 64.0086 |
| Code | PHO |
| Updated At | 16th of April 2024 |
| Currency Name | US Dollar |
Invesco Water Resources [PHO] is traded in USA and was established 2005-12-06. The fund is classified under Natural Resources category within Invesco family. The entity is thematically classified as Industrials ETFs. Invesco Water Resources at this time have 1.52 B in assets. , while the total return for the last 3 years was 8.2%.
Check Invesco Water 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 Water Resources 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 Water Resources Etf Constituents
| ROP | Roper Technologies Common | Stock | Industrials |
| XYL | Xylem Inc | Stock | Industrials |
| WTRG | Essential Utilities | Stock | Utilities |
| WMS | Advanced Drainage Systems | Stock | Industrials |
| WAT | Waters | Stock | Health Care |
| TTEK | Tetra Tech | Stock | Industrials |
| TTC | Toro Co | Stock | Industrials |
Invesco Water Target Price Odds Analysis
Contingent on a normal probability distribution, the odds of Invesco Water jumping above the current price in 90 days from now is about 7.72%. The Invesco Water Resources probability density function shows the probability of Invesco Water etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the etf has a beta coefficient of 1.1285 indicating Invesco Water Resources market returns are highly reactive to returns on the market. As the market goes up or down, Invesco Water is expected to follow. Additionally, invesco Water Resources has an alpha of 0.0177, implying that it can generate a 0.0177 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Invesco Water to move above the current price in 90 days from now is about 7.72 (This Invesco Water Resources probability density function shows the probability of Invesco Etf to fall within a particular range of prices over 90 days) .
Invesco Water Top Holders
| AAANX | Horizon Active Asset | Mutual Fund | Tactical Allocation |
| HASAX | Horizon Active Asset | Mutual Fund | Tactical Allocation |
| HASIX | Horizon Active Asset | Mutual Fund | Tactical Allocation |
| QALAX | Quantified Alternative Investment | Mutual Fund | Macro Trading |
| QALTX | Quantified Alternative Investment | Mutual Fund | Macro Trading |
Invesco Water Resources Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Invesco Water market risk premium is the additional return an investor will receive from holding Invesco Water 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 Water. 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 Water's alpha and beta are two of the key measurements used to evaluate Invesco Water's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0619 | |||
| Jensen Alpha | 0.0177 | |||
| Total Risk Alpha | 0.0081 | |||
| Sortino Ratio | 0.0251 |
Invesco Water Against Markets
Picking the right benchmark for Invesco Water 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 Water 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 Water is critical whether you are bullish or bearish towards Invesco Water Resources at a given time. Please also check how Invesco Water'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 Water 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 Water, 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 Water. To buy Invesco Water etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Invesco Water. 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 Water etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Invesco Water Resources 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 Water Resources 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 Water Resources, 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 Water guide.
Already Invested in Invesco Water Resources?
The danger of trading Invesco Water Resources 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 Water 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 Water. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Invesco Water Resources 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 Water Resources offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Invesco Water'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 Water Resources Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Invesco Water Resources Etf: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Invesco Water Resources. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Invesco Water Resources information on this page should be used as a complementary analysis to other Invesco Water'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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
The market value of Invesco Water Resources 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 Water's value that differs from its market value or its book value, called intrinsic value, which is Invesco Water'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 Water's market value can be influenced by many factors that don't directly affect Invesco Water'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 Water's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Water is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Water'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.