Invesco Municipal Income Fund Quote

VMIIX Fund  USD 12.03  0.01  0.08%   

Performance

5 of 100

 
Low
 
High
Modest

Odds Of Distress

Less than 41

 
100  
 
Zero
Below Average
Invesco Municipal is trading at 12.03 as of the 19th of March 2024; that is -0.08 percent decrease since the beginning of the trading day. The fund's open price was 12.04. Invesco Municipal has about a 41 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Invesco Municipal Income are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of March 2022 and ending today, the 19th of March 2024. Click here to learn more.
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.. More on Invesco Municipal Income

Moving together with Invesco Mutual Fund

  0.92VMICX Invesco Municipal IncomePairCorr
  1.0VMINX Invesco Municipal IncomePairCorr
  0.61OARDX Oppenheimer RisingPairCorr
  0.78AMHYX Invesco High YieldPairCorr
  0.74OSMAX Oppenheimer InternationalPairCorr

Invesco Mutual Fund 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 Municipal's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Invesco Municipal or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund ConcentrationInvesco Funds, Large Funds, Muni National Long Funds, Muni National Long, Invesco (View all Sectors)
Update Date31st of March 2024
Invesco Municipal Income [VMIIX] is traded in USA and was established 19th of March 2024. Invesco Municipal is listed under Invesco category by Fama And French industry classification. The fund is listed under Muni National Long category and is part of Invesco family. This fund at this time has accumulated 2.83 B in net assets with minimum initial investment of 1 K. Invesco Municipal Income is currently producing year-to-date (YTD) return of 0.82% with the current yeild of 0.0%, while the total return for the last 3 years was -0.53%.
Check Invesco Municipal Probability Of Bankruptcy

Instrument Allocation

Invesco Municipal Target Price Odds Analysis

Based on a normal probability distribution, the odds of Invesco Municipal jumping above the current price in 90 days from now is about 16.38%. The Invesco Municipal Income probability density function shows the probability of Invesco Municipal mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Invesco Municipal has a beta of 0.1022. This entails as returns on the market go up, Invesco Municipal average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Invesco Municipal Income will be expected to be much smaller as well. Additionally, the company has an alpha of 0.0136, implying that it can generate a 0.0136 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 12.03HorizonTargetOdds Above 12.03
82.56%90 days
 12.03 
16.38%
Based on a normal probability distribution, the odds of Invesco Municipal to move above the current price in 90 days from now is about 16.38 (This Invesco Municipal Income probability density function shows the probability of Invesco Mutual Fund to fall within a particular range of prices over 90 days) .

Invesco Municipal Income Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Invesco Municipal market risk premium is the additional return an investor will receive from holding Invesco Municipal 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 Municipal. 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 Municipal's alpha and beta are two of the key measurements used to evaluate Invesco Municipal's performance over the market, the standard measures of volatility play an important role as well.

Invesco Municipal Against Markets

Picking the right benchmark for Invesco Municipal mutual fund 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 Municipal mutual fund 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 Municipal is critical whether you are bullish or bearish towards Invesco Municipal Income at a given time. Please also check how Invesco Municipal'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 Municipal 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.

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How to buy Invesco Mutual Fund?

Before investing in Invesco Municipal, 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 Municipal. To buy Invesco Municipal fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Invesco Municipal. 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 Municipal fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Invesco Municipal Income fund 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 Municipal Income fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Invesco Municipal Income, 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 fund 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.

Already Invested in Invesco Municipal Income?

The danger of trading Invesco Municipal Income is mainly related to its market volatility and Mutual Fund 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 Municipal 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 Municipal. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Invesco Municipal Income 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.
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 gross domestic product.
You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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When running Invesco Municipal's price analysis, check to measure Invesco Municipal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Invesco Municipal is operating at the current time. Most of Invesco Municipal's value examination focuses on studying past and present price action to predict the probability of Invesco Municipal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Invesco Municipal's price. Additionally, you may evaluate how the addition of Invesco Municipal to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Invesco Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Municipal'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.