Invesco Next Competition
| GGME Etf | 52.95 1.38 2.68% |
Invesco Next vs Wahed Dow Correlation
Pay attention - limited upside
The correlation between Invesco Next Gen and UMMA is -0.72 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Next Gen and UMMA in the same portfolio, assuming nothing else is changed.
Moving together with Invesco Etf
Moving against Invesco Etf
Invesco Next Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Invesco Next and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of Invesco and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Invesco Next Gen does not affect the price movement of the other competitor.
Invesco Next Constituents Risk-Adjusted Indicators
There is a big difference between Invesco Etf performing well and Invesco Next ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Invesco Next's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FPXI | 1.03 | 0.01 | 0.01 | 0.08 | 1.28 | 1.97 | 5.98 | |||
| IBUY | 1.03 | (0.19) | 0.00 | (0.08) | 0.00 | 2.21 | 6.57 | |||
| AVUQ | 0.76 | (0.10) | 0.00 | (0.03) | 0.00 | 1.33 | 4.75 | |||
| FBOT | 0.92 | 0.01 | (0.05) | 0.24 | 1.33 | 1.77 | 4.83 | |||
| MSTB | 0.53 | (0.08) | 0.00 | (0.03) | 0.00 | 0.92 | 3.61 | |||
| QBUF | 0.33 | (0.03) | (0.16) | (0.01) | 0.49 | 0.72 | 2.03 | |||
| GRIN | 0.90 | (0.01) | (0.01) | 0.07 | 1.14 | 1.68 | 5.66 | |||
| AUGW | 0.20 | 0.00 | (0.20) | 0.07 | 0.23 | 0.52 | 1.43 | |||
| XTL | 1.60 | 0.06 | 0.05 | 0.12 | 1.95 | 2.91 | 8.95 | |||
| UMMA | 0.84 | 0.10 | 0.08 | 0.18 | 0.91 | 1.69 | 4.69 |
Invesco Next Competitive Analysis
The better you understand Invesco Next competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Invesco Next's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Invesco Next's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Invesco Next Competition Performance Charts
Five steps to successful analysis of Invesco Next Competition
Invesco Next's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Invesco Next Gen in relation to its competition. Invesco Next's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Invesco Next in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Invesco Next's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Invesco Next Gen, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out Invesco Next Correlation with its peers. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Invesco Next Gen's market price often diverges from its book value, the accounting figure shown on Invesco's balance sheet. Smart investors calculate Invesco Next's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since Invesco Next's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Please note, there is a significant difference between Invesco Next's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invesco Next is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invesco Next'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.